Despite having a beautiful bay environment with a total area of 27,000 hectares, the Chan May-Lang Co Region has only been successful with the Chan May Port and the Laguna Lang Co Resort. Eight projects have been withdrawn due to lack of investment and many projects still remain idle. In response, Thua Thien Hue’s authorities held a conference with experts and scholars to uncover the reasons behind this underachievement.
"First of all, we need a vision. Second, we need a specific strategy to turn this vision into practice. Third of all, we need effective management and a strong trade and investment promotion team." - Dr. Vu Thanh Tu Anh, Director of Research, Fulbright Economics Teaching Program.
Without a significant project, the region’s potential will be dispersed and hence not be effectively utilised. Moreover, the region requires a large influx of investment.
"We cannot rely on foreigners to sketch out a plan for us. We need to step up and draw out a plan for ourselves and then use foreign experts’ advice to add to it. From my experience with the Nha Be Region in HCMC, it works better that way" - Phan Chanh Duong, Economic Researcher.
These opinions have contributed greatly to the development of the Chan May Lang Co Economic Region. If properly applied, it could boost not only the economic growth of Thua Thien Hue Province, but the Central Region also.
