13:38 | 13/08/2016 Investment
(VEN) - Thua Thien Hue Province is regarded as a rendezvous for investors in tourism, infrastructure construction and hi-tech agriculture thanks to its central geographical location.
The Thua Thien Hue Province People’s Committee held a meeting to introduce the local tourism development potential and incentives to investors on July 5, as part of the preparation for the Thua Thien Hue Province Investment Promotion and Tourism Development Conference to be held in early August. At the meeting, the committee announced local potential investment projects and incentives.
Thua Thien Hue enjoys great geographical advantages: located in the key economic zone, a gateway to the sea in the East-West Economic Corridor, owned tangible and intangible cultural heritages recognized by UNESCO. All of these advantages help to boost economic development as well as regional and international cooperation.
During the 2016-2021 period, Thua Thien Hue Province targets to boost its socio-economic development based on local heritages and ecology, to become one of the centers for culture, education, tourism, science and technology. Some of the most prominent places are Lang Co Bay, Bach Ma National Park, the Imperial City, and Vietnamese Court Music. Thanks to its potentials, Thua Thien Hue Province is capable of developing various economic sectors and promoting economic exchange with domestic and foreign partners.
Thua Thien Hue Province has issued a list of projects calling for investment until 2020, with total investment of about VND70 trillion, including 30 trade, tourism, manufacturing and infrastructure projects. such as An Van Duong Urban Area and Chan May-Lang Co Economic Zone, with a view to boost socio-economic development based on local potential in heritage, culture, ecology and environment to become one of the country’s centers for business, culture, tourism, science and technology, education and health.
Representatives from the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) suggested that Thua Thien Hue Province consider adjusting existing plans to suit the new context of international integration, raise the local awareness of sustainable tourism development and offer more tour options, boost administrative reforms and simplify administrative procedures especially in land rent, taxes, infrastructure construction and transportation, to facilitate investors, importers, exporters and tourists.
The BIDV promised to consider a VND5 trillion fund for Thua Thien Hue Province to boost socio-economic development during the 2016-2020 period, with a focus on a number of key sectors including tourism, infrastructure construction and hi-tech agriculture.