Construction of a 368 million USD tourist complex has started at Chan May – Lang Co economic zone in Phu Loc district, the central province of Thua Thien – Hue, with its first phase slated to become operational at the end of 2019.
The Minh Vien – Lang Co complex will house hotels, a resort, a conference hall and support facilities all at five-star standards on 102 ha of land.
The entire complex is scheduled to be completed in the first quarter of 2024.
Chairman of the provincial People’s Committee Phan Ngoc Tho said the new tourism site is expected to help attract more visitors to the Lang Co Bay and Thua Thien – Hue province.
The Chan May – Lang Co economic zone has so far attracted 43 investment projects with total capital of nearly 40 trillion VND (1.72 billion USD). In 2018 alone, the zone’s management board granted investment licences to 18 projects operating in industry, tourism, industrial park infrastructure, non-tariff areas and urban areas with 5 trillion VND in total capital.
Several big foreign investors have come to the zone to seek investment opportunities, including J.W from the Republic of Korea which is interested in infrastructure and automobile part production. The Sunjin group, also from the RoK, in coordination with the Phuong Trang group, is researching investment in bus assembly, gasoline storage and distribution and a resort in Lap An lagoon.