Covering an area of more than 27,100 hectares, the zone has five main functional areas: a port area, an industrial area, a non-tariff area, an urban area, and a tourist site.
The city has set a 2025 GDP growth target of at least 10% and is prioritising investment-friendly policies, infrastructure development, and accelerated project implementation.
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.
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.
The central province of Thua Thien-Hue announced it has licensed eight investment projects, including four foreign ones worth over 60 million USD and four domestic ones valued at over 5.7 trillion VND (247.8 million USD), in January.
Construction of a 368 million USD tourist complex has started at Chan May – Lang Co economic zone in Phu Loc district, the central province of Thua Thien – Hue, with its first phase slated to become operational at the end of 2019.
The central province of Thua Thien-Hue has attracted 11 more projects with total registered capital of over 2.18 trillion VND (96 million USD) during the first ten months of this year.