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| Thua Thien Hue focuses on projects investing in seaport infrastructure |
Paying attention to infrastructure
According to the Department of Planning and Investment (DPI), in recent times, the unit has prioritized mobilizing public investment capital in the area from national and local budgets, as well as investments from ministries and sectors. There is a focus on accelerating investment in constructing key infrastructure projects such as coastal roads, extending the To Huu road to Phu Bai airport, Nguyen Hoang road, and the Huong River overpass, the seawall at Chan May port - phase 2, and urban infrastructure in Hue city.
Especially, the province is about to start the construction of a bridge crossing the Tam Giang – Cau Hai estuary, connecting Phu Da town (Phu Vang district) with Vinh Xuan commune. The bridge, with a length of 1.4km, when completed, will significantly shorten the distance between coastal communes and Phu Da and the center of Hue city. According to relevant authorities, the current distance from Thuan An Bridge to Truong Ha Bridge is about 20km, which greatly affects the connection between the east and west banks of the Tam Giang estuary in Phu Vang district, creating difficulties in transportation for local residents. Therefore, in the future, there will be at least 3 bridges spanning the Tam Giang estuary to connect the region, attract investment, and support socio-economic development.
With the advantage of having over 128km of coastline along with Tam Giang – Cau Hai, the largest lagoon system in Southeast Asia, covering an area of 22,000 hectares, during the planning process, the province particularly focuses on natural factors such as the sea and lagoons. At the same time, the orientation of Central city model in the future is determined according to the model of "clustered urban areas, multiple centers," extending to the sea, leveraging its position as a pivotal point on international and interregional exchange routes.
To concretize this orientation, in the coming time, the province aims to develop the Tam Giang – Cau Hai lagoon area into a nationally and internationally recognized ecotourism destination, serving as a driving force for the development of the maritime economy cluster in the South Central Coast, linked to the establishment of the Thua Thien Hue - Da Nang metropolitan area as a strong maritime economic center with high international stature for the country.
The development plan for the maritime economy and the Tam Giang – Cau Hai lagoon area is based on green growth, biodiversity conservation, and the integration of aquaculture, marine tourism, and yacht tourism on the Tam Giang estuary. Priority is given to attracting investment in tourism projects aimed at establishing resort areas, marine ecological tourism, lagoon ecotourism, sports tourism centers, high-quality medical tourism, and religious tourism.
Currently, the province is focusing on investing in completing infrastructure and facilitating transportation connections for the development of tourism and services, especially the coastal road system, developing coastal urban areas along the Tam Giang – Cau Hai lagoon. Particularly, they will focus on establishing the national tourist area of Lang Co - Bach Ma - Canh Duong, national tourist area on the lagoon, and investing in building a harbor for sea tourism at Chan May port.
Maritime economic center
With the goal of developing the coastal area and the Tam Giang – Cau Hai lagoon, as well as the Chan May - Lang Co Economic Zone, into one of the strongest maritime economic centers nationwide, in the coming time, the Provincial People's Committee will focus on implementing comprehensive measures to mobilize and effectively utilize resources from various economic components. It will leverage internal resources and seize external resources for development, especially for entrepreneurship, innovation, and creativity. There will be a focus on attracting investment, promoting large-scale projects, creating value-added, and increasing budget revenue.
Promoting the development of functional areas of the region, with a focus on investing in the development of Chan May - Lang Co Economic Zone - an important driving force of the region, as a logistics and international trade hub linked to the Chan May deep-water port, a high-end tourism and resort center... in a sustainable and effective manner.
The province is currently focusing on investing in infrastructure, particularly in port infrastructure, industrial zones, non-customs areas, and high-tech zones, to support business development. Investments are being made to improve infrastructure in certain urban areas in the Chan May area, develop aquaculture infrastructure, establish fishing villages, especially focusing on service and processing industries for aquatic products, gradually forming specialized urban areas.
At the same time, the establishment of the Tam Giang Lagoon National Park is being pursued with the aim of restructuring the residents, promoting economic development linked with tourism, agriculture, renewable energy, environmental protection, genetic conservation, and climate change adaptation. There are developing industry clustering with key sectors being international port services and domestic maritime transportation and transshipment.
They will be encouraging and supporting investment in coastal ecotourism, industry, agriculture, biotechnology services, and promoting the use of innovative technologies, manufacturing new products, … increasing participation and effectiveness in high scientific processes and high-impact stages in global production and distribution networks, making breakthroughs in the provincial socio-economic development.
Attracting investment
The Ministry of Planning and Investment has introduced criteria for "the leading cranes", including large businesses and corporations that have the ability to dominate the market and operate in pervasive and leading fields. The "leading cranes" in Vietnam include corporations such as Vingroup, Sungroup, Hoa Phat, Sovico (Vietjet air), FPT and a series of other multi-industry corporations.
According to the Provincial People's Committee, the presence of "the leading cranes" in the field of investment for the provincial off-budget projects is extremely important in order to create a ripple effect and momentum in attracting investment. In recent times, determining the importance of "the leading cranes", the province has always determined the extremely important role of focusing on inviting large, reputable corporations that have had successful projects and have guaranteed financial capacity to promote investment in key projects of the province.
Some notable examples include Vingroup Corporation, which has built and operated the Vincom Shopping Center and Vinpearl Hotel complex in the center of Hue City; Banyan Tree Group, one of the leading companies in Singapore, with its Laguna luxury resort and golf course project operational in Phu Loc district...
Some other prominent domestic private enterprises that have been exploring investment opportunities in the province include Van Phu - Invest Joint Stock Company with its Loc Binh Resort project in Phu Loc district, currently in the process of land clearance compensation; BRG Group has also been granted licenses to invest in two international golf course projects in Vinh Xuan commune, Phu Vang district, and the Vinh Thanh hotel and tourism project, both of which are actively undergoing procedures to commence operations soon.
In addition, there are other prominent names that have been or are currently preparing investment in major projects in various sectors such as industrial infrastructure, resort real estate, green and ecological urban areas, as well as projects in the education sector. These include VSIP, Sovico, Hoa Phat, FPT, KX Group, and Deawon from South Korea, operating in districts, towns, and the Chan May - Lang Co Economic Zone of the province.
In the coming time, the province will continue to build the system to accompany businesses and investors with solutions in facilitating activities of working groups to support off-budget investment projects with Chairman and Vice Chairman of the Provincial People's Committee as the team leader, being ready to provide favorable conditions for land clearance and infrastructure completion in industrial zones across the province. There will also be a focus on expediting planning, investment procedures, land allocation, construction, etc., to create the best conditions for investors and businesses to research investment opportunities and engage in production and business activities in the province.