Vietnam central EZ attracts US$1.35B FDI so far

Chan May-Lang Co Economic Zone (EZ) in the central province of Thua Thien-Hue has attracted 10 foreign-invested projects totaling US$1.35 billion so far.

Among those, a US$1-billion ecological tourism resort project invested by Singapore’s Banyan Tree Group is the biggest in the zone.

Thua Thien-Hue province has spent over VND1.6 trillion to upgrade the zone infrastructure, focusing on electricity, water supply, telecom and transport networks.

The Chan May-Lang Co EZ Management Board has offered incentives, including assistance in land leasing and customs procedures to call on more both foreign and domestic investors.

The EZ covering 27,108 hectares boasts Chan May deepwater seaport and Lang Co, one of the country’s most beautiful beaches.

Together with Chu Lai, Dung Quat, Nhon Hoi EZs, Chan May-Lang Co will contribute to forming a chain of economic zones which are expected to boost socio-economic development for the central region. (VNA)

Tags: Vietnam economic zones

Posted by VBN on Sep 5 2010. Filed under Investment, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry