Quang Binh Province develops southward with eye on investment

09:33 | 03/12/2019
Improved infrastructure, incentive policies and natural advantages have made the central province of Quang Binh a new investment magnet.
quang binh province develops southward with eye on investment
Quang Binh Province is rapidly improving its infrastructure to attract investors. - VNS Photo

Situated 200km from Da Nang City, Quang Binh boasts excellent transport links in the form of National Highway 1A, the Ho Chi Minh Highway, the Asia Highway and National Highway 12A.

This and the Cha Lo border gate with Laos have greatly helped the province foster trade.

Its Dong Hoi Airport is soon set to be upgraded to the International Civil Aviation Organisation (ICAO)’s 4G standard after which it can handle three million passengers a year. Experts predict this to be a watershed in boosting trade and attracting investors.

Quang Binh also has many historical and tourism sites like the Ngang and Ly Hoa passes and beautiful beaches.

The top attraction attractions are of course the Phong Nha – Ke Bang , Thien Duong and Son Doong caves, the last of which is the largest natural cave in the world.

Quang Binh plans to develop towards the south with a focus on tourism.

It will improve infrastructure there in key places to connect Dong Hoi City with other districts as well as neighbouring provinces.

Phu Hai Ward would be developed into one of the key investment destinations, the province has said.

Many large infrastructure works have been completed here to ensure facilities for transportation, trade, healthcare, and services are available.

They include the Nhat Le 2 Bridge, which opened to traffic last year, and the Nhat Le 3 Bridge and Vo Nguyen Giap Boulevard to be finished by next year.

When the latter bridge is finished, it will take only three minutes to go from golf courses in the city to tourism areas along the sea.

Another major project is the widening of Quang Trung Road connecting Dong Hoi City with Phu Hai and Le Thuy wards.

A new market will be built, new parks will be developed and a modern bus station will come up in the south of Dong Hoi.

A number of resorts and restaurants have come up along beaches.

Besides improving infrastructure, province authorities also often meet with investors to help resolve their difficulties while doing business in.

The province attracted over US$7.05 billion worth of investments last year.

They were in a number of sectors like infrastructure, transportation, tourism, and energy, the province said, adding they would all be on stream by 2021.

VNA

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