Nearly 123,000 billion VND of investment capital to be poured into Thua Thien – Hue

11 projects get investment registration certificates

On April 6, Thua Thien - Hue province presented investment registration certificates for 11 projects with a total registered capital of 9,134 billion VND and documents on unified investment criteria for 10 projects with a total registered capital of 113,500 billion VND as part of the Conference on Planning and Investment Promotion Announcement in 2024.

The following projects were presented with investment registration certificates: Chan May Logistics Center Project in Chan May port area of LEC JSC, with a total registration of 1,512 billion VND; Creanza high-tech quartz sand processing plant of MIT Vietnam JSC, with a total registration of 2,186 billion VND; and refurbishment and construction of A, B, and C plots of Dong Da apartment of Dong Da investment and development JSC, with a total registered capital of 1,299 billion VND.

Project Complex of FPT Education Limited Liability Company (LLC) with a total registered capital of 432.66 billion Vietnamese dong; TTH Group Joint Stock Company's Hue International Hospital project in Zone E - An Van Duong New Urban Area with a total registered capital of 817.234 billion VND; Dat Phuong Glass Joint Stock Company's super white glass production plant with a total registered capital of 1,500 billion VND, and so on.

The leaders of Thua Thien - Hue province also handed over a document at the conference to agree on the principle of investment research, including: Vietnam - Singapore Industrial Park Joint Venture Limited Liability Company (VSIP) with La Son Industrial Park project (expansion), with an estimated total investment of approximately 7,000 billion VND.

Notably, KX Corporation has a high-end resort tourist project, a golf course, and an expected total investment of around 19,700 billion VND. Hoa Phat Group Joint Stock Company has launched an eco-urban area project in Thuy Thanh commune and surrounding regions, with a total investment of around 22,000 billion VND. Xuan Thien Group Joint Stock Company, includes the Blue Steel Chân Mây Plant project, the Blue Steel seaport project, and the residential area project, with a total investment of about 44,000 billion VND.

Mr. Nguyen Van Phuong, Chairman of the People's Committee of Thua Thien - Hue province, said that the province would use this conference to issue investment registration certificates as well as decisions approving investment principles for projects under consideration and execution in the province. At the same time, offer to firms and investors the list of priority projects requiring investment, with the goal of attracting more strategic local and international investors. Prioritize selecting and deciding to invest in Thua Thien-Hue province.

Groundbreaking and inauguration of three important projects

On April 6, as part of the Conference on Planning Announcement and Investment Promotion in 2024, Thua Thien - Hue province began construction of the Central Hue International Hospital (phase 2). Prime Minister Pham Minh Chinh was in attendance. The project's entire investment capital is roughly 400 billion VND, which includes 300 billion VND for construction and 100 billion VND for equipment.

The expected construction time from start to completion is 700 days. Upon completion, the hospital will have around 300 beds that satisfy international standards.

Thua Thien - Hue province also held a groundbreaking ceremony for Berths 4 and 5 at Chan May Port (Phu Loc district) that afternoon. Berths No. 4 and No. 5 at Chan May Port are off-budget investment projects with a total investment capital of 1,678.7 billion VND, headed by Vsico Maritime JSC.

The investment scope involves the building of two port bridges for general cargo/container ships, each 270 meters long, to handle general cargo ships up to 70,000 DWT and container ships up to 4,000 TEU.

Berths 4 and 5 are set to open in the second quarter of 2025 and early 2026, respectively, with an annual throughput of 5 million tons of import-export goods and 80,000 TEUs for container ships. The investor anticipates that these berths will reduce loading and unloading time at the port, facilitate quick ship turnaround, and shorten transportation distances.

Also on April 6, the inauguration ceremony of the Household Waste Treatment Plant in Phu Son commune, Huong Thuy town, took place. The project has a total investment of about 1,700 billion Vietnamese dong, with China Everbright International Limited (based in Hong Kong, China) as the main investor.

The plant has a capacity to treat approximately 600 tons of household waste per day and night, with the heat generated used for electricity generation with a capacity of 12 MW; it will process about 220,000 tons of household waste annually and can provide approximately 93 million kWh of green electricity per year.