Thua Thien-Hue targets 400 million USD in FDI in 2018
The central province of Thua Thien-Hue aims to attract about 10-15 foreign direct investment (FDI) projects with total registered capital of nearly 400 million USD in 2018.
Thua Thien-Hue (VNA) – The centralprovince of Thua Thien-Hue aims to attract about 10-15 foreign directinvestment (FDI) projects with total registered capital of nearly 400 millionUSD in 2018.
Disbursement of foreign capital is expected toreach around 95.5 million USD. Meanwhile, FDI firms based in the province arehoped to gross 900 million USD in revenues and contribute roughly 90 millionUSD to the local budget this year.
The provincial authorities will take measures toenable investors to speed up the implementation of projects while resolutelywithdrawing licences of delayed ones.
The province will continue to consider moremechanisms and policies to attract investment from major economic groups andstrategic investors such as Bitexco, Vingroup, and Banyan Tree, while reforminginvestment promotion methods and quickly issuing a list of key projects invitinginvestment in all fields from now to 2020.
Thua Thien – Hue will invest in infrastructure inareas with major projects with competitive products such as the garment-textileindustrial park, Chan May – Lang Co economic zone, and Bach Ma National Park.
The province will apply the one-stop- shop modelin dealing with investment and land procedures.
Nearly 800 million USD was injected into ThuaThien-Hue in 2017, showing a year-on-year increase of 9 percent.
So far, the province has attracted 97 FDIprojects worth 2.6 billion USD with over 949 million USD disbursed, making upnearly 30 percent of the total registered capital.
Major foreign investors with effective operationin the province include Singapore’s Banyan Tree, US HBI Company and Thailand’sCP Company. Notably, the Laguna Lang Co international-standard resort complexproject, which was invested by Banyan Tree with 850 million USD, has been putinto operation.
The Royal Caribbean Cruises has also poured 5million USD in upgrading the Chan May seaport to serve the world’s biggestcruise ships Quantum of the Seas and Oasis of the Seas.-VNA
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Lang Co Bay (Photo VNA) 
