Business Business

27/02/2019 - 07:55

Attraction from Chan May - Lang Co

From a few projects in tourism, industry and seaport business, Chan May - Lang Co Economic Zone (CM-LC EZ) has attracted nearly 50 projects with a total registered capital of over VND 76,000 billion. In the first quarter of 2019, this zone continues to receive 4 more large-scale projects with a total registered capital of over VND 15,000 billion.

Leaders of the province and departments are visiting the model of Minh Vien International tourism complex which will complete its Phase I at the end of 2019

2019 imprints

At the end of 2018, LC-CM EZ received a large project with a total investment of $368 million; it was the project of Minh Vien - Lang Co International tourism complex invested by Minh Vien international JSC. Built on an area of 102ha, it includes systems of hotels, resorts, conference centers and auxiliary services of 5-star according to international standards. According to the plan, the project will be completed and put into operation in the first quarter of 2024, in which the first phase of the project will be completed and put into operation by the end of 2019 with a total investment of over VND 1,000 billion.

General Director of Minh Vien International Joint Stock Company, Mr. Luong Chinh Kien said that Chan May - Lang Co is a dynamic area and has great potential in tourism and service development. As an enterprise with 25 years of experience in building resorts and tourism services in the world, we will make Lang Co Bay become an impressive and attractive tourist destination and resort complex located along this legendary coastline, contributing to creating a new look for LC-CM EZ.

On January 23, the Provincial People's Committee issued an investment certificate for Hue Kim Long Motors Joint Stock Company to deploy the construction of Kim Long auto manufacturing-assembly complex project with a total registered capital of VND 4,000 billion. This is one of the large-scale projects licensed in 2019, marking the development of LC-CM EZ, creating a breakthrough to continue attracting more new projects.

Deputy Head of the Provincial Industrial-Economic Zone Management Board, Mr. Le Van Tue shared, together with the project of Kim Long auto manufacturing-assembly complex in the first quarter of 2019, the Board will complete the procedures to grant investment licenses to 3 key large-scale projects at LC-CM EZ with total investment of over VND 10,000 billion, such as Lang Co - Lap An Lagoon tourism complex with a construction area of 126ha and registered capital of VND 8,000 billion. This is the project in the list of projects calling for investment under Decision No. 2695 of the Provincial People's Committee; Bai Ca tourism complex with a total investment of VND 2,500 billion and Lang Co Market project with a total registered capital of VND 85 billion.

Mr. Tue said that together with the promotion of investment attraction, in 2018, the provincial People's Committee issued a Decision to withdraw 8 projects with slow deployment. It was expected that in the first quarter of 2019, the project of Golf Resort of Phong Phu - Lang Co Investment and Development Joint Stock Company would be revoked. This project was approved with 292ha of land lease area, a capital of VND 5,230 billion was registered in 2010, but it  had not been implemented yet.

Currently, the Board is reviewing the legal procedures to revoke this project because the project does not have enough conditions to continue investing. In parallel with revoking projects with slow deployment, the Board strengthens the promotion and calling for investment to allocate land to investors with enough potential to fill the area in the economic zone.

Increasing calls for industry

One of the highlights of CM - LC EZ in the next few years is the formation of many high quality tourism projects. After putting into operation in the first phase around April 2019, the Mediterranean resort complex, invested by Vicoland Group, will continue to build phase II with an investment of nearly VND 400 billion; Laguna Resort will put phase II into operation with a total investment of up to USD 1 billion by 2020; Phase I of Minh Vien tourism complex will go into operation in late 2019. These create a driving force for tourism development in the province in general and Lang Co area in particular.

Exporting and importing goods through Chan May Port

Along with the tourism sector, the technical infrastructure in the economic zone is being invested synchronously in order to reduce the load for Chan May Port when berth No. 1 is overloaded and exceeds the design capacity. Currently, berth No. 2 and berth No 3 projects are speeding up. It is expected that by the end of 2019, berth No.3 will be put into operation, and by the end of 2020, berth No.2 will be completed, raising the capacity of 3 berths to 6 million tons of goods through this port every year. In 2020, the breakwater project will be completed, ensuring the ports’ stable exploitation, creating favorable conditions for developing container terminals and ensuring safety for container ships to dock.

Transport infrastructure in the economic zone is gradually improving, creating a continuous traffic chain between tourism, industry and seaport projects. At the end of 2018, the project of east road of Lap An lagoon with a length of 5km and investment capital of VND 126 billion was started; and it is expected to be completed by the end of 2019. Currently, the Board is investing in building Nguyen Van walking street to create a highlight to develop tourism services for the whole LC-CM EZ.

Mr. Le Van Tue said that in 2019 LC-CM EZ is really a great site with many projects in the fields of tourism, industry and port infrastructure to be invested and completed. To fill the area in the zone, in addition to urging investors to speed up the progress of key projects to be completed in 2019 and licensing projects having completed the ground clearance process to start, the Board continues to increase the promotion and calling for investment to attract more large-scale projects, focusing on attracting industrial production projects to develop industry; concentrating resources on developing tourism infrastructure, developing different types of services in Lang Co town.

In 2019, the Industrial-Economic Zone Management Board set their goal of attracting investment projects with a total registered capital of 3,000 to 4,000 billion VND, in which the investment in key projects will be promoted, such as: Laguna Lang Co phase 2, Minh Vien Lang Co international tourism complex, Berth No. 2 - Berth No. 3 at Chan May Port project, project of investment in infrastructure of industrial and non-tariff area of Saigon - Chan May ...

Story, photos: THANH HUONG