Thừa Thiên-Huế lures FDI investors

VGP – As of late September 2008, Thừa Thiên-Huế Province attracted over US $2.3 billion, taking the lead in terms of FDI attraction in the key economic region of Central Việt Nam (KERCV).

October 23, 2008 4:57 PM GMT+7

Chân Mây-Lăng Cô economic zone is an attractive FDI destination – Illustration photo

Thừa Thiên-Huế is well-known as a great tourist center in Việt Nam, with numerous historical sites, cultural heritages as well as famous landscapes such as Huế Ancient Capital, Lăng Cô Beach, Hải Vân Pass, Bạch Mã National Park, and royal music. In addition, it is the biggest services hub in such fields as tourism, transport, finance, banking, and trade in the KERCV.

Thanks to its natural advantages and high competitiveness index (in 2007, Thừa Thiên-Huế ranked the 15^th among 64 provinces nationwide), the province can attract a lot of FDI capital. Quite a few potential investors have been exploiting opportunities for business expansion there.

Sucking 67 licensed projects and over US $2.3 billion registered capital in the first three quarters, Thừa Thiên-Huế surpassed Đà Nẵng, Quảng Nam, Quảng Ngãi and Bình Định to become the top FDI attractor in KERCV.

Tourism is always a strong field, attractive to foreign investors. Some projects on convalescent or eco-tourism complex valuing millions

Hải Vân Pass is a beauty site in Thừa Thiên-Huê – Illustration photo

of dollars have been under construction, especially in the Chân Mây-Lăng Cô economic zone.

Thừa Thiên-Huế determines to accelerate socio-economic growth, ensures its core role in promoting the development of KERCV. Through improving its investment environment and boosting up administrative reforms, the province strives to rank the 12th or 13th in terms of competitiveness index this year. In its orientations to 2020, the province pledges to assist FDI enterprises and effective business, and better its investment climate.

Furthermore, it will encourage foreign investors to do business in the Chân Mây-Lăng Cô economic zone, Phú Bài economic zone, Bạch Mã resort, focusing on tourism, export-oriented industries, processing industry, and high-tech industries.

By Kim Loan