10:21 | 24/05/2016 Investment
(VEN) - Quang Tri Province organized its first investment promotion conference in late April, attracting the participation of hundreds of domestic and foreign businesses and international organizations. Investors pledged to carry out 18 investment projects in the province with total capital of more than VND10 trillion.
Quang Tri is promoting tourism as a key economic sector
Conference attendees included leaders of the Ministry of Planning and Investment, Ministry of Culture, Sports and Tourism, Quang Binh, Thua Thien Hue, Quang Nam, Ha Tinh, Nghe An provinces, the city of Da Nang, and representatives from the embassies and consulates general of the Republic of Korea, Japan, Thailand, and Singapore.
The conference presented Quang Tri’s investment potential, offering a forum for investors and businesses to talk about policies and investment opportunities as well as difficulties they encounter during the implementation process, and propose specific measures to promote investment into the province in the coming time.
Provincial people’s committee chairman Nguyen Duc Chinh said, “Quang Tri is located at the starting point of the East-West Economic Corridor (EWEC) and has adequate seaports, roads, rail routes, and inland waterways. The province has great potential to develop tourism, forestry, construction material production, power generation, aquaculture, and economic and industrial zones. Quang Tri offers a good business and investment environment and has become an attractive destination for domestic and foreign investors.”
Quang Tri Province has called for investment into 19 major projects in the fields of infrastructure development, trade, tourism, industrial production, agriculture, textiles and garments, culture, and sports.
Historical relics such as Quang Tri Citadel, Hien Luong-Ben Hai historical site, Route 9-Khe Sanh, Vinh Moc Tunnel, Truong Son Martyrs’ Cemetery, and Route 9 Martyrs’ Cemetery have become tourist sites of the province. Apart from these, Quang Tri also has beautiful beaches such as Cua Tung, Cua Viet, Ru Lich Forest, and Brai Cave.
To develop tourism as a key economic sector, Quang Tri is concentrating on upgrading tourism infrastructure through offering preferences to attract investment. Currently, some major tourism projects are underway in the province, including Sepon Boutique Resort (second stage), an investment project of the Quang Tri Trading Corporation, the Song Hien Tourism Service and Trading Company Limited’s Ru Linh Eco-tourist Site, and the Delta Vina Joint Stock Company for Construction Consultancy and Verification’s culture, sports and entertainment complex on the banks of the Hieu River in the city of Dong Ha. Businesses from the Republic of Korea, Chinese Taipei, and Thailand are exploring possibilities to invest in seaside tourist sites and eco-resorts.
At the conference, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) signed contracts to provide over VND5 trillion for five projects. BIDV Management Board Chairman Tran Bac Ha said the bank pledged to provide businesses with long-term loans at preferential interest rates throughout the implementation of their investment projects.