An Giang set to approve multiple big projects

22-Sep-2018 Intellasia | The Saigon Times | 6:00 AM Print This Post

The Mekong Delta province of An Giang will present investment approval decisions to fresh projects worth a combined VND128 trillion at its investment promotion conference scheduled for September 29, according to the provincial Department of Planning and Investment.

At the press briefing on the conference, held on September 20, the deputy director of the department, Pham Thanh Nhon, said that 23 projects will receive in-principal investment approval. These projects are in the fields of agriculture; trading, service and tourism; industry; construction and planning; and healthcare.

According to Nhon, An Giang will also grant investment pledges to seven investors with combined capital of over VND101 trillion. Some of these investors are FLC Group, TH Group, Phu Cuong and T&T Group.

According to the provincial Department of Agriculture and Rural Development, FLC Group has expressed interest in four projects that An Giang has publicised for investment, including a high-tech agricultural project covering 300 hectares of land. Meanwhile, TH Group is interested in dairy cow farming and milk processing as well as rice projects.

Other enterprises such as Xuan Thien, Viet Uc and Australia-based Sunrice have also expressed interest in the province’s agriculture sector.

An Giang has attracted 211 investment projects with total registered capital of VND45 trillion since the beginning of the 2016-2020 period, up 1.5 times in the number of projects and doubling the investment capital of the previous five-year period, said Nhon of the provincial investment department.

In January-August this year alone, 65 projects worth up to VND30 trillion in An Giang received approval.

Le Van Nung, vice chair of An Giang Province, said the completion of the Cao Lanh and Vam Cong bridges would facilitate transport to the province.

“Many investors have approached us to explore investment opportunities, but our main difficulty is the lack of available land sites.” He added that many investors have come to learn about solar energy potential in the province, but the province plans to produce only 1,000 megawatts of power.

According to Nung, besides providing investment incentives, the province will build trust to attract investors and will work with enterprises to quickly put their projects into operation.


Category: Economy, Vietnam

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