Thua Thien-Hue grants investment certificates worth over $365 million

Thua Thien-Hue People’s Committee held a conference on April 6 to announce the province's long-term plans and promote investment in the central province.

At the conference, Nguyen Van Phuong, Chairman of Thua Thien-Hue People's Committee, granted investment certificates to 11 projects with a total registered capital sum of VND9.13 trillion ($365.6 million) along with documents approving investment plans for 10 projects,

LEC Group JSC is investing VND1.5 trillion ($60 million) to build a logistics centre at Chan May port. Meanwhile, MIT Group JSC is injecting VND2.2 trillion ($88 million) to develop a Creanza high-tech quartz sand processing plant. Another company, Dong Da Investment and Development JSC, will build three towers of condominiums in Dong Da for VND1.3 trillion ($52 million).

FPT Education will spend VND432.6 billion ($17.3 million) on an education complex in the locality, while TTH Group JSC plans to build a VND817 billion ($32.7 million) international hospital at the An Van Duong New Urban Area project.

Dat Phuong Hoi An is allocating VND113 billion ($4.5 million) to develop the technical infrastructure of Dien Loc Industrial Cluster, while An Vien Co., Ltd. is building Dien Loc 2 Industrial Cluster at a cost of VND93.6 billion ($3.7 million).

Investment certificates were also granted to EON Industry Limited for its $11.6 million helmet manufacturing factory and Dat Phuong Glass JSC for its $60 million Dat Phuong super white glass factory. Meanwhile, Frit Hue JSC will build a $24.4 million enamel frit production factory with an annual output of 150,000 tonnes.

Another company, Vietsoftpro Holdings, will build a data centre with a total registered capital of VND279.5 billion ($11.2 million).

The province also granted documents approving investment research policy for 10 projects, including Vietnam-Singapore Industrial Park's expanded La Son Industrial Park ($280 million), BRG Group's 5-star Century Riverside Hue Hotel ($120 million), Daewon Group's urban area, ecotourism resort, and golf course project ($240 million), KX Group's luxury resort and golf course project ($789 million), and Hoa Phat's ecological urban area project ($881 million).

Newland Investment JSC, and Truong Son Construction Investment JSC will build a project in Thuy Thanh commune, Huong Thuy town worth about VND6 trillion ($240 million).

Xuan Thien Group JSC will invest in a Chan May green steel factory, a green steel seaport, and a housing project worth VND44 trillion ($1.76 billion) while Hai An Container Transport is to invest VND500 billion ($20 million) in the Hai An container repair and maintenance factory.

The tourism industry of the central province of Thua Thien - Hue continued to regain recovery momentum and high growth in the first half of 2023, ranking 11th among 63 provinces and cities in terms of total revenue.

By 2025, the central province of Thua Thien-Hue wants to realise its strategic vision that will not only open up development opportunities but also preserve the urban identity.

Deputy Prime Minister Tran Hong Ha has signed a decision approving a plan to turn Thua Thien Hue into a centrally run city by 2025 and a typical heritage city of Vietnam by 2030.