Quang Binh 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 Quang Binh Investment Promotion Conference held by the provincial People’s Committee in HCM City on Friday.

Speaking at the conference, Tran Thang, Chairman of Quang Binh People’s Committee said the conference themed “Adaptation – Accompanying – Development” aimed to spread information about potentials, strengths, and investment opportunities.

“Although Quang Binh 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 Quang Binh into a developed province in the region and a tourism hub in Viet Nam and Southeast Asia, the province pledged to create the most favourable conditions for investors.

Thang added: “Quang Binh 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 Dau Tu (Investment) online newspaper, Provincial Party Secretary Vu Dai Thang said that Quang Binh Province welcomed all investors and would not have any discrimination. He stressed that enterprises and investors coming to Quang Binh would all receive companionship from administrative management agencies of all levels.

Ho An Phong, Deputy Chairman of the provincial People’s Committee said that Quang Binh 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, Quang Binh 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.

Le Hoang Chau, President of HCM City Real Estate Association, said that Quang Binh had large potential for investment in tourism property.

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

Quang Binh is a coastal province in the central region of Viet Nam, 500km from Ha Noi and a one and a half hour flight from HCM City.

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

Located on the East-West economic corridor, Quang Binh 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 – Ke Bang National Forest, Son Doong Cave, Bang hot spring, together with a number of original traditional festivals.

Quang Binh 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, Quang Binh attracted investment in 48 projects worth VND3 trillion. The province attracted nine projects worth VND598 billion in the first two months of this year.

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