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Chan May-Lang Co economic zone lures more investment

The Chan May-Lang Co Economic Zone in the central province of Thua Thien-Hue attracted four projects with a total registered capital of over 15 trillion VND (652 million USD) in the first two months of 2019.
Chan May-Lang Co economic zone lures more investment ảnh 1Chairman of the provincial People’s Committee Phan Ngoc Tho (R) presents investment decision to investor of Kim Long Motors manufacturing and assembling complex (Source: VNA)
Thua Thien-Hue (VNA) – TheChan May-Lang Co Economic Zone in the central province of Thua Thien-Hueattracted four projects with a total registered capital of over 15 trillion VND(652 million USD) in the first two months of 2019.

The four new projects bring to thetotal number at the economic zone to nearly 50 projects worth over 76 trillionVND (3.28 billion USD).

Notable projects include Kim LongMotors manufacturing and assembling complex worth more than 3 trillion VND,Lang Co-Lap An Lagoon, Bai Ca tourist areas, and Lang Co market.

The economic zone is upgradingits facilities to raise its wharves’ capacity to 6 million tonnes of cargo eachyear. By 2020, the province will complete a wave-proof dyke project to ensuresafety for container vessels.

Chairman of the provincialPeople’s Committee Phan Ngoc Tho said Chan May port will accommodate sixwharves with a total length of 1,680m by 2020, and eight wharves by 2030 along with an oil and gas wharf and awharf for tourist boats. 

After upgrade, the port iscapable of receiving vessels up to 30,000 DWT and large-scale cruise linerswith 3,000-4,000 passengers.

Located between Da Nang city and the ancient capital city of Hue,near UNESCO-recognised sites such as Hoi An ancient city and My Son Sanctuary,Chan May is the nearest and most convenient gateway to the East Sea from theEast-West Economic Corridor, and a main port on the sea route connectingSingapore, the Philippines, Hong Kong (China) and Vietnam. 

It welcomes about 40 cruiserseach year, many of them are luxury ones. Chan May has become one of the 46seaports chosen by the Asia Cruise Association as a stop-over for cruise linersin Southeast Asia.

Transport infrastructure in theeconomic zone has gradually improved, creating a chain connecting tourist andindustrial areas, and seaports. Roads are also being built to develop touristservices.-VNA
VNA

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