Business Business

05/01/2020 - 08:00

"Sweet fruit" from investment attraction

In 2019, the investment attraction in Hue achieved the outstanding results, marking a successful year of investment promotion, exceeding the plan with the number of attracted projects 2.5 times higher in quantity and 2.27 times higher in capital.

Minh Vien International Resort is implementing phase 1. Photo: NP

Surpassing the plan

Recently, Thua Thien Hue has continued to attract the potential investors preparing to invest in the projects such as BRG, Ecopark, Van Phu Invest, Cotana ....The projects of Vinh Thanh Resort (Phu Vang) of PSH Group (Spain) especially have been started.

In mid-2019, the Provincial People's Committee issued the decision on investment policies for the Con Son Resort and Tourism Service Project invested by Dai Phu Loc Investment Co., Ltd. in Phu Thuan Commune (Phu Vang District). The project has an area of ​​about 42 hectares with a total investment capital of over VND 1,000 billion, expected to be completed and put into operation in March 2023.

According to the plan, the investor will build an eco-tourism resort in the coastal lagoon and auxiliary services such as restaurants, mobile catering services, recreational activities, souvenir shops, local specialties and tourism-supporting services, and other experience services. It is expected that when the project is put into operation, it will receive 1,500 hotel guests per day and 1,000 visitors per day

In July 2019, the province also issued the decision on the investment policy for 4 projects with a total registered capital of over VND 13,000 billion. The Provincial People's Committee continues to promote the attraction and implementation of investment for the key projects such as Laguna Lang Co Project Phase 2, Minh Vien-Lang Co International Tourism Zone, Project of Wharf No.2 and Wharf No.3 of Chan May Port.

The project of Minh Vien - Lang Co International Tourism Zone alone, invested by Minh Vien International Joint Stock Company, is built on an area of ​​100 hectares. It includes the system of hotels, resorts and conference centers and auxiliary services of 5-star international standard, expected to be fulfilled and put into operation in the first quarter of 2024.

In the coming time, the Provincial People's Committee continues to call for and attract investment for large-scale projects, potential enterprises and groups in order to give a great impetus to the economy, focus on the high value added sectors and fields. Concurrently, it creates the best conditions for key projects under study for investment, generating a motivation for the province's socio-economic development.

The committee continues to review and accelerate the progress of key projects and programs; to quickly focus on completing the infrastructure of industrial parks and clusters, facilitating investment attraction. It also coordinates with the central agencies to speed up the progress of key major investment projects as a driving force behind the rapid development of all the socio-economic aspects of the province such as the projects on National Highway 49A and 49B, Cam Lo - La Son Highway, expanding the Passenger Terminal of Phu Bai International Airport and Hai Van Road Tunnel.

Attracting big investors

More than 200 projects prepared for investment

According to Department of Planning and Investment (DPI), in 2019 (as of November), 30 new investment projects were granted with the total newly registered capital and adjusted capital increase of over VND 22,711 billion, accounting for over 12% of the total registered capital so far. It surpassed the plan with the number of projects attracting investment 2.5 times higher in quantity and 2.27 times higher in capital. Among 19 domestic projects with the registered capital of nearly VND 14,428 billion, 11 projects were from the foreign investment of USD 293 million. To date, more than 200 projects have been prepared for investment and development, accounting for 36% of investment projects registered in the province.

Mr. Nguyen Dai Vui, Director of Department of Planning and Investment (DPI), judged that the investment promotion work has been given special attention by the provincial authorities in recent years; the investment environment has been increasingly improved. In addition, the province's preferential policies are continuously adjusted and supplemented in a positive and transparent way in order to create the best conditions for investors coming to invest in Thua Thien Hue.

Therefore, the province attracted the big and capable investors, leading groups such as Laguna, Ecopark, Vingroup, BRG, PSH, Minh Vien ... The investment efficiency was raised, shown in the ICOR investment index growth from 6.5 in 2011-2015 to 5.7 in 2016-2018.

In addition to supporting the construction and perfection of synchronous infrastructure to attract investment, in the coming time, the functional agencies will continue to bring into play the renovation spirit in investment promotion work with specific focus and object in accordance with the local economic structure in association with environmental protection.

The focus should be on attracting investment in the sectors and fields with advantages; targeting the potential, experienced and prestigious partners, especially the enterprises with brands affirmed at home and abroad. It is also necessary to organize the planning review and raise the planning coverage ratio; to build the portfolio calling for investment; to make good preparation for the organization of site clearance compensation; to reform the procedures in investment - construction – land.

The Provincial People's Committee also developed the plan to improve the Papi Par-and DDCI indexes in the departments, agencies, and localities, contributing to improving the provincial administrative reform indicators (PCI, PAPI, Par-Index...). It developed the project to adjust the administrative boundaries of Hue City, Huong Tra Township, Huong Thuy Township and Phu Vang District. Besides, it developed the electronic card issuance and service payment on electronic information management system, contributing to accelerating the administrative reform, developing e-government, smart cities and non-cash payment development project.

By Ha Nguyen