Management Board of Thua Thien Hue IZs: Expanding Channels for Attracting Investment

Boosting infrastructure
Located near the airport, highways and ports, six IPs of Thua Thien Hue are attractive destinations of investors. According to Mr Nguyen Huu Tran, Head of the Management Board of Thua Thien Hue’s IPs, Thua Thien Hue has six IPs, and over four years the annual growth rate is always two or three times that of the previous year.

To facilitate conditions to attract investment, Thua Thien Hue attaches great importance to building infrastructure. The province chose 2013 as a focus year for infrastructure construction. Phase 4 of Phu Bai IP with an area of 818 hectares, and phase 3 of Phong Dien IP, are being urgently completed.

In Phong Dien IP, a wastewater treatment plant (of A standard) has been upgraded and completed. Private investment in the IP’s infrastructure is worth VND63 billion. Currently the provincial Industrial Zones Company, the Management Board of the province’s IZ is cooperating with Prime Thien Phuc Ltd.Co. to invest in traffic works within the IZ, power and water infrastructure in B Zone, and clearance in C Zone.

La Son IP currently has four projects in operation. In 2013 the Industrial Park’s Phase 1 will be completed (about 30 hectares). Besides, Phu Da IP whose investment capital, both secondary and infrastructure, is worth VND2,000 billion and Quang Vinh IP (150 hectares) will also be completed. The IPs of Thua Thien Hue are also ready for investment. The "one-stop-shop" mechanism of the Management Board of the IZ will help businesses minimize time for administrative procedures.

Focusing on deep processing industry
Mr Nguyen Huu Tran said: The sand processing sector of the province is quite good. The province needs to attract investment in the field of deep-processing industry with high technological content to serve exports. On 7 January, 2013, Thua Thien Hue opened constructed on a solar energy plant worth VND6,000 billion. Also, Thua Thien Hue has attracted two projects to raise shrimp by Thai CP Group with total investment of USD 24 million. Speaking about the results achieved, Nguyen Huu Tran said: "The most important thing is about information and being sincere to businesses and investors."

Investment opportunities in Thua Thien Hue are wide open, and the question is how to make investors know and grasp those opportunities. 2012 and 2013 are really breakthrough years in investment promotion of Thua Thien Hue Industrial Zone. The province has directly opened the conference to promote investment in Hai Phong, participated in investment promotion conference in central coastal provinces and especially, through the diplomatic channels of VCCI, promoted investment in foreign countries.