Thua Thien-Hue province, where the Hue Imperial City is located, has been given a promise from South Korea Ambassador to encourage investors to come.
The Korean diplomat, Park Suk Hwan, told the provincial People’s Committee Chairman, Nguyen Van Cao, during their meeting in the central region province on Wednesday, that he would promote the province’s strengths and potential among Korea business circles, to encourage them to invest.
Thua Thien-Hue is home to Hue Imperial City which has been recognized as a world cultural heritage site by the UN Educational, Social and Cultural Organization (UNESCO).
Cao reported that the province has granted 11 licenses for investment to businesses from the country, capitalized at some $560 million.
Most of their projects are in the hospitality industry, services, and construction and investment in technical infrastructure for industrial zones.
In addition to Foreign Direct Investment, the province has received the Korea’s aid in Official Development Assistance (ODA) for the construction of a 500-bed hospital, capitalized at $20 million.
