Phu Bai Industrial Zone (IZ) is steadily affirming its role as a key growth driver of the locality, making significant contributions to the socio-economic development of Phu Bai Ward and the city as a whole. Regarding investment attraction strategies, the building of a favorable business environment, and sustainable development, Mr. Le Ba Minh Hai, Chairman of Phu Bai Ward People’s Committee, shared some insights in an interview with Hue Today Weekly.

Phu Bai Industrial Park is steadily asserting its role as a key growth driver of the locality, making significant contributions to the socio-economic development of Phu Bai Ward in particular and the city in general. In this week’s column on Meeting, Mr. Le Ba Minh Hai, Chairman of Phu Bai Ward People’s Committee, shared insights into investment attraction strategies, along with efforts to build a favorable business environment, and orientations toward sustainable development.

Along with the recovery and growth in tourist numbers, the luxury travel segment within Vietnam’s tourism industry in general - and Hue’s in particular - is gradually gaining attraction. The “smokeless industry” of the ancient capital is showing many positive signs, suggesting that with proper investment, it could become an attractive destination for wealthy travelers.

Thua Thien Hue becoming a centrally-governed municipality is an important milestone that opens up many opportunities for investment promotion and attraction activities.

Investment promotion plays an extremely important role, contributing to attracting investment capital; forming industrial and export processing zones to serve the manufacturing of exports. With a favorable geographical location, open investment attraction policies, gradually refined mechanisms and policies for socio-economic development, etc., Thua Thien Hue has become an attractive destination for domestic and foreign investors.