Chan May-Lang Co EZ attracts 31 trillion VND

      The Chan May-Lang Co Economic Zone (EZ) has, since its inception attracted 33 projects with a total registered capital of over 31 trillion VND (nearly 1.9 billion USD).
According to the Zone Management Board’s report released on July 30, the investment capital includes 1.4 billion USD from 10 foreign-invested projects.
The economic zone, established under the Prime Minister’s Decision 04/2006/QD-TTg, covers a site of 27,108 ha nearly 70 km southwest of Hue city.
The Thua Thien-Hue provincial authorities have spent a total of over 1.6 trillion VND on the infrastructure, mainly on transport, electricity, water supplies and telecommunications networks in the economic zone.
For itself, the Chan May-Lang Co EZ Management Board has adopted incentives in land lease and customs procedures to lure in more investors, including a 50 percent drop in income tax for high earners working there, including foreigners.
The board expects that the zone will work in unison with the Chu Lai, Dung Quat and Nhon Hoi economic zones to drive the economic growth in the central region.