Central Vietnam welcomes influx of infrastructure

Central Vietnam welcomes influx of infrastructure

Abundant potential for tourism and renewable energy development has turned Vietnam’s central region into an investment hot spot.
21:00, 03/08/2019

This year’s, themed on accompanying enterprises, was considered a massive success with the presence of Prime Minister Nguyen Xuan Phuc.

At Quang Ngai investment promotion conference, the local People’s Committee conferred investment certificates and investment proposal approvals for 15 projects worth VND14.53 trillion ($631.8 million) in total value. They also granted certificates to five other projects valued at VND3.64 trillion ($158 million).

Among the most notable projects is the Hoa Phat Dung Quat general container port, to be developed by Hoa Phat Dung Quat Port JSC. The project is valued at VND3.77 trillion ($164 million) in investment capital.

There are also a string of hi-end eco-resort projects funded by a diverse group of investors such as Van Tuong 09 Eco-Resort, to be developed by a consortium of FLC Group and An Loc Real Estate Investment and Trading JSC.

Two more initiatives – the Van Tuong 10 Eco-Resort and the Van Tuong 11 Eco-Resort – will be developed by Dai Phat International Investment and Development JSC and Van Tuong Investment and Development JSC.

Other notable projects that received investment certificates are the $26 million Mahang Dung Quat clothes and fibres production plant, to be developed by New Mahang Vietnam Ltd., and the $26 million Van Tuong new urban area, which will be developed by a consortium of high-profile investors.

Regarding local companies, Phu Dien Ltd. has received an investment certificate for the development of the second phase of Bai Dua Resort, with total investment capital of VND270 billion ($11.7 million). Phu Dien Ltd. has also been working on the development of the Coco Land Riverside Resort and Spa venture in Cua Lo area of Quang Ngai. This resort is expected to welcome first visitors imminently.

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