This month, the EZ has lured 8 investment projects including 4 foreign-invested ones with a total capital of over $60 million.
For example, the Singapore-baed Banyan Tree Group has recently received permission to raise its investment in the Laguna Lang Co resort complex to $2 billion, with the hope of making it one of the Vietnam’s largest integrated resorts.
Since Lang Co was voted one of the world’s most beautiful bays by WorldBays Club in June 2009, it has become a popular destination for holiday-makers. The number of the tourists to the beach makes up 16 percent of the total to Thua Thien-Hue.
Endowed with more than 10km of beach with white sand, it lies on the “Central Heritage Road” with four famous world heritage sites, including Phong Nha – Ke Bang National Park in Quang Binh province, the ancient imperial city of Hue, Hoi An Ancient Town and My Son Sanctuary in Quang Nam province.
Meanwhile, work has been accelerated to ensure that the Minh Vien International tourism site comes into operation later this year.
Beside, the government has also approved development plans until 2025 with a vision towards 2030 that would see the development of the Lang Co-Canh Duong Natonal Tourism Site into an international tourist destination featuring typical tourism products along with a wide range of entertainment, cultural and sport activities, in addition to an international port in the future.
Local authorities have paid attention to developing various tourism products, including leisure travel, ecology tourism, golf tours, sport travel and MICE (meetings, incentives, conferences and exhibitions) tourism.
The brand development for the Lang Co–Canh Duong National Tourism Zone has contributed to improving competitiveness and increasing the time that tourists stay in the area, as well as developing the local economy.
By 2025, this tourism zone is expected to welcome more than 1.5 million visitors, including 600,000 foreign arrivals. Five years later, it aims to receive over 2.5 million visitors, including 950,000 foreign arrivals, earning around VND7 trillion in revenue.