The revised master plan for the Chan May – Lang Co Economic Zone aims to address infrastructure bottlenecks, improve land use efficiency and establish a solid legal framework for implementing major urban and socio-technical development initiatives and attracting large-scale investment.
Nestled in a strategically significant position in the central key economic zone, Thua Thien-Hue serves as a vital gateway to the sea of the East-West Economic Corridor linking northern Thailand, southern Laos and central Vietnam. With concerted efforts to enhance its transportation infrastructure, streamline administrative procedures, and improve workforce training quality in recent years, this province is rapidly emerging as an attractive destination for both domestic and foreign investors.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien on September 18 ordered the central province of Thua Thien – Hue to tighten control over offshore fishing vessels in an effort to clamp down on illegal, unreported and unregulated (IUU) fishing.
The central province of Thua Thien – Hue is calling for investment in a 32 trillion VND (1.28 billion USD) steel project in Chan May – Lang Co Economic Zone.
Construction started on a 260 million USD automotive engine manufacturing plant at the Chan May – Lang Co Economic Zone in Thua Thien – Hue province on August 23 by Kim Long Motor Hue and China's Yuchai Corporation.
The central province of Thua Thien - Hue granted licenses to 20 new investment projects with a total registered capital of over 5.32 trillion VND (nearly 209 million USD) in the first five months , including eight foreign direct investment (FDI) pones worth more than 33 million USD.
Vietjet has welcomed the first direct flight connecting the central province of Thua Thien-Hue with Taipei of Taiwan (China), transporting the first Taiwanese passengers to the new terminal of Phu Bai airport.
The Airports Corporation of Vietnam (ACV) and the People's Committee of central Thua Thien-Hue province held a ceremony on June 17 to inaugurate Terminal 2 of the Phu Bai International Airport.
Since the beginning of the year, nine new projects have been granted investment licences by central Thua Thien - Hue province with a total investment of more than 2 trillion VND (85 million USD), according to a report by the provincial Department of Planning and Investment.
The Chan May-Lang Co economic zone (EZ) in the central province of Thua Thien-Hue has not met development expectations 17 years after its formation in 2006.
The central province of Thua Thien-Hue is becoming a destination for large corporations which produce high-economic-value products in various areas, contributing to enhancing its position in both domestic and international arenas.
Work on Aeon Mall Hue, the seventh mall of Aeon in Vietnam and the first of its kind in the central region, began on February 11 in Thua Thien-Hue province.
The People's Committee of Thua Thien - Hue province and the Asian Development Bank (ADB) in Vietnam on August 17 signed a Memorandum of Understanding (MoU) on promoting a strategic partnership for inclusive and sustainable economic development.
AEON Mall Vietnam plans to build its first trading centre in the central region, AEON Mall Hue, covering a total 86,000sq.m, with an investment of 170 million USD in Thua Thien-Hue province’s An Van Duong new urban area.
The Vietnam Travel Aviation Co. Ltd (Vietravel Airlines) held a ceremony to welcome its 220-seat Airbus A321CEO plane which landed in the Phu Bai International Airport in the central province of Thua Thien-Hue for the first time.
The Chan May – Lang Co Economic Zone in the central province of Thua Thien – Hue, which boasts comprehensive infrastructure and an open investment environment, is hoped to attract new investment flows following the COVID-19 pandemic.
Deputy Prime Minister Trinh Dinh Dung has assigned the Ministry of Transport to conduct detailed research for the expansion of Phu Bai International Airport in the central province of Thua Thien - Hue.
The central province of Thua Thien Hue has set a target of luring 20 domestic and foreign-invested projects with a total investment capital of about 10 trillion VND (429.2 million USD) by the end of this year.
The central province of Thua Thien - Hue aims to attract 8-10 domestic and foreign investment projects with total registered capital of 6-8 trillion VND (257.4 -343 million USD) to its economic zones (EZs) and industrial zones (IZs) in 2020.
The Airports Corporation of Vietnam (ACV) has predicted the number of passengers passing through its airports will surge 12 percent year-on-year to 116 million by the end of this year.
