Hue City Accelerates Investment Drive in Chan May–Lang Co Economic Zone

Hue City in central Vietnam is stepping up its investment drive in the Chan May–Lang Co Economic Zone, positioning it as a key hub for Vietnam's maritime economic development strategy. The economic zone covers over 15.5 hectares, including more than 13.2 hectares of land and nearly 2.3 hectares of water surface. The economic and industrial zones in Hue City collectively host over 200 active investment projects worth more than 152 trillion VND (5.84 billion USD), with 139 already operational. Since the start of 2026, these zones have generated approximately 32 trillion VND, contributed 4.2 trillion VND to the state budget, and brought in 730 million USD in exports, while employing over 46,000 workers. Hue City has proposed that Lower Austria consider establishing an official cooperation mechanism to facilitate investment collaboration in tourism, education and training, healthcare, information technology, green and smart urban development, heritage conservation, hi-tech agriculture, and sustainable development. This initiative reflects Vietnam's commitment to deepening international partnerships and integrating advanced technologies and expertise for economic growth. Under Vietnam's one-party system, the government plays a leading role in steering economic growth and implementing strategic development plans. The development of economic zones like Chan May–Lang Co is expected to contribute to improving people's livelihoods through regional economic revitalization and job creation. It can also be seen as part of a strategy to diversify partnerships and reduce economic reliance on China. Vietnam's economy has experienced remarkable growth in recent years, driven by its manufacturing and export sectors. However, sustained growth necessitates continuous investment in infrastructure, human resource development, and attracting both domestic and foreign investment. Hue City's current investment promotion efforts represent a significant step towards the further advancement of the Vietnamese economy. Information source: VietnamPlus English