The Daewoo Group from the Republic of Korea plans to start two tourism projects capitalised at US$200mil in the central city of Da Nang early this year.
Da Nang City’s Son Tra Peninsula.
Local and foreign investors, including the US, Australia and European nations have contributed to tourism projects and particularly those spanning the coastal areas between Quang Nam Province’s Hoi An town and Da Nang City’s Son Tra that began late last year.
Investment in infrastructure construction projects will increase as new urban areas are under construction in coastal areas and along the Ho Chi Minh highway, especially the sections in Ha Tinh, Quang Binh, Quang Tri and Quang Nam provinces.
However, the National Assembly approved project to upgrade the Ho Chi Minh transnational highway into an expressway and to zone off industrial parks and residential areas has made Central and Central Highlands regions emerging places for development opportunities.
The Ho Chi Minh highway, once completed, will help ease the transport burden of national highway 1A. The Ho Chi Minh highway, although still under construction, has prompted planners to think of creating an economic zone that will cover the central part of Vietnam’s central region—Laos’ Boloven Plateau and Thailand’s north-eastern region.
The developers consider this zone a second economic corridor comparable to the East West Economic Corridor in the Mekong sub-region.