Tourism project worth tens of trillions of VND
On March 24, information from the Office of Thanh Hoa Provincial People's Committee said that on March 28 and 29, the locality will organize the "Investment Promotion Conference 2026".
According to the organizers, the event is expected to attract about 800 domestic and international delegates. At the conference, Thanh Hoa province will award many investment policy approval decisions for projects, and sign memorandums of understanding on investment cooperation with strategic investors.
Also at the conference, Thanh Hoa province will announce the list of priority projects to attract investment in the 2026-2030 period. Specifically, there are a total of 173 projects in 6 main fields such as: processing and manufacturing industry; energy; industrial park infrastructure; eco-urban and high-class resort tourism..., with a total estimated investment capital of more than 570,000 billion VND.
Notably, in the tourism and service sector alone, there are 7 eco-tourism and high-class resort projects with a total investment of more than 71,000 billion VND. Among them, there are 3 large-scale projects including: Yen My Lake Eco-tourism Area (32,000 billion VND), Specialized Park Eco-tourism Area (16,000 billion VND).
In addition, Thanh Hoa province also attracted 11 standard golf course projects from 18 holes to 36 holes, with a total estimated capital of nearly 8,400 billion VND. Most of these projects are already in the province's planning.
To attract investment, Thanh Hoa province has applied preferential mechanisms and policies according to the principle that investors are entitled to the highest preferential level in terms of rights and perform obligations at the lowest level within the regulatory framework.
In addition to the general provisions of current law, depending on the scale and nature of each project, based on the investor's proposal, the province will consider special support for large projects that play an important role in economic restructuring and creating breakthroughs in socio-economic development.
Expectation to improve, avoid "paper projects
Preferential policies show that Thanh Hoa is opening up many opportunities for investors to deploy projects smoothly and quickly. However, the decisive factor is still the capacity and preparation of investors, in order to deploy projects methodically, avoiding delays or being recovered.
Because in reality, many projects in the past fell into a prolonged situation, even only existing "on paper", causing waste of land resources and affecting the investment environment.
Typically, the Thanh Son Cement Plant project (Ngoc Lac commune, Thanh Hoa province), was granted an investment certificate in 2008 with a total investment of more than 1,400 billion VND, and a usable area of more than 36 hectares.
After being allocated land, the investor built a number of items such as worker housing, fences, construction foundations and auxiliary infrastructure. However, by the end of 2010, construction was completely stopped.
The slow progress of the project not only causes waste of resources but also loses production land of hundreds of households, causing public outrage. In early 2022, the Standing Committee of Thanh Hoa Provincial Party Committee agreed on the policy of stopping the project, assigning the Party Committee of the Provincial People's Committee to request the Ministry of Construction to report to the Prime Minister for approval to stop the implementation.
According to Thanh Hoa Department of Finance, by the end of 2025, the whole province has 423 backlog projects, including 112 public investment projects and 311 direct investment projects.
The main obstacles include: compensation, site clearance; legal procedures on land, planning; capacity of investors and contractors; lack of materials; resettlement arrangement and other reasons.
