Quảng Bình pledges to create favourable environment for investors

Tourists are enjoying boat ride at Mọc Spring – Chày River tourist area, Quảng Bình Province. — VNA/VnExpress News Photo Đức Thọ

HÀ NỘI — Quảng Bình is calling for investment in agriculture, tourism, industry, and infrastructure to create a driving force for the central province’s socio-economic growth, promising to create the best possible conditions for investors.

This was the highlight of the Quảng Bình Investment Promotion Conference held by the provincial People’s Committee in HCM City on Friday.

Speaking at the conference, Trần Thắng, Chairman of Quảng Bình People’s Committee said the conference themed “Adaptation – Accompanying – Development” aimed to spread information about potentials, strengths, and investment opportunities.

“Although Quảng Bình is a locality which is heavily affected by natural disasters, the province has significant potentials, advantages, and opportunities for development while being a safe, attractive, and reliable destination for all investors,” he said.

With aspirations to turn Quảng Bình into a developed province in the region and a tourism hub in Việt Nam and Southeast Asia, the province pledged to create the most favourable conditions for investors.

Thắng added: “Quảng Bình will continue to hasten administrative reforms, remove difficulties and obstacles for enterprises and investors, build a fair and transparent business environment with preferential support policies to attract capable investors.”

In an interview with Đầu Tư (Investment) online newspaper, Provincial Party Secretary Vũ Đại Thắng said that Quảng Bình Province welcomed all investors and would not have any discrimination. He stressed that enterprises and investors coming to Quảng Bình would all receive companionship from administrative management agencies of all levels.

Hồ An Phong, Deputy Chairman of the provincial People’s Committee said that Quảng Bình wished to attract investments in sectors of the province’s strengths, including tourism, industrial production, hi-tech agriculture, wood processing, and infrastructure development.

Phong added that priorities would be given to projects which would contribute to promoting socio-economic development and at the same time ensuring environmental protection for sustainable development.

At the conference, Quảng Bình was calling for investment in 23 projects in the 2022-24 period, including six in agriculture, seven in tourism and services, six in industry and industrial zone infrastructure development, and four in socio-economic infrastructure development.

Lê Hoàng Châu, President of HCM City Real Estate Association, said that Quảng Bình had large potential for investment in tourism property.

Jean Jacques Bouflet, Vice Chairman at EuroCham Vietnam, said that Quảng Bình’s effort to create favourable investment environment together with the province’s tourism potential would be opportunities for European investors.

Quảng Bình is a coastal province in the central region of Việt Nam, 500km from Hà Nội and a one and a half hour flight from HCM City.

The province has a diversified and convenient transportation system, including Đồng Hới Airport, North-South railway line, National Highway 1A, 12A, and East-West HCM City Road, and Hòn La Seaport.

Located on the East-West economic corridor, Quảng Bình has Cha Lo International Border Gate which was the shortest route for trade to Laos, Northeast Thailand, and Myanmar.

The province has great tourism potential with a 116-km coastline with beautiful beaches and a number of attractive tourist spots such as Phong Nha – Kẻ Bàng National Forest, Sơn Đoòng Cave, Bang hot spring, together with a number of original traditional festivals.

Quảng Bình has more than 720,000 hectares of agroforestry land out of 8,000 sq.m total area and a population of around 900,000.

Last year, Quảng Bình attracted investment in 48 projects worth VNĐ3 trillion. The province attracted nine projects worth VNĐ598 billion in the first two months of this year.

There are now 27 FDI projects in the province, worth more than $1.13 billion. — VnExpress News