






{"id":29476,"date":"2022-06-20T23:29:16","date_gmt":"2022-06-20T16:29:16","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=29476"},"modified":"2022-06-23T15:49:32","modified_gmt":"2022-06-23T08:49:32","slug":"thua-thien-hue-becomes-investors-next-target-thanks-to-3-key-factors","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/thua-thien-hue-becomes-investors-next-target-thanks-to-3-key-factors\/","title":{"rendered":"Vietnam&#8217;s Thua Thien Hue becomes investors\u2019 next target, thanks to 3 key factors"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Despite 2021 being a challenging year because of the pandemic, Hue still thrived in exports and investment<\/span><\/p>\n<figure id=\"attachment_29477\" aria-describedby=\"caption-attachment-29477\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-29477\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_1799904739.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_1799904739.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_1799904739-400x267.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_1799904739-600x400.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/06\/shutterstock_1799904739-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-29477\" class=\"wp-caption-text\">As of September 2021, Thua Thien Hue welcomed 633,315 visitors. More than 18,700 of these were foreign visitors. TOM.RUETHAI\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Thua Thien Hue is at the heart of Vietnam \u2013 north of Da Nang and Hoi An. It has an estimated population of over 1.1 million (2020) and a labour force of around 620,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is starting to attract investors thanks to the province\u2019s thriving tourism sector and attractive incentive policies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, despite 2021 being a challenging year because of the pandemic, Hue still thrived in exports and investment. Last year&#8217;s export sales were reported to have exceeded the initial target, reaching USD158 million, while total invested capital increased by 11 percent to around USD266 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/www.vietnam-briefing.com\/news\/what-makes-thua-thien-hue-favorable-destination-for-investment-we-examine-3-key-factors.html\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Vietnam Briefing<\/span><\/a><span style=\"font-weight: 400;\">, there are three key factors that make investing in Thua Thien Hue a sound idea.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First, it has pro-business policies, such as the Department of Planning and Investment assisting businesses with administrative formalities and transparent procedures. The province is said to be competitive in terms of government incentives compared to other provinces.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Second, because of its geographical qualities, Thua Thien Hue has several competitive advantages in growing logistic services. In terms of road, rail, and air transportation, the province is situated on the North-South traffic axis. It is also located on the East-West economic corridor that connects Myanmar, Thailand, Laos, and Vietnam, laying the groundwork for future shipping service potential.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/vietnams-industrial-real-estate-attracts-most-foreign-investment\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Vietnam\u2019s industrial real estate attracts most foreign investment<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Lastly, it has a thriving tourism industry. As of September 2021, Thua Thien Hue welcomed 633,315 visitors. More than 18,700 of these were foreign visitors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recently it has been announced that digital transformation will be implemented in the tourism sector, further promoting the image of the province. Even the government has been proactive on platforms such as Facebook and Zalo, a Vietnamese messaging app.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, as a means of attracting domestic and international tourists to the province, a media trip called \u201cVisit Hue\u201d will be held for the first time, according to <\/span><a href=\"https:\/\/en.baoquocte.vn\/media-trip-to-promote-thua-thien-hue-tourism-187570.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The World and Viet Nam Report<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite 2021 being a challenging year because of the pandemic, Hue still thrived in exports and investment<\/p>\n","protected":false},"author":12,"featured_media":29477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[310,3045,322],"class_list":["post-29476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-logistics","tag-thua-thien-hue","tag-tourism","news_country-vietnam","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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