Kien Giang attracts nearly 800 non-State investment projects

17-Oct-2020 Intellasia | VNS | 6:02 AM Print This Post

The Mekong Delta province of Kien Giang has welcomed a total of 796 non-State investment projects with over VND540.66 trillion (US423.35 billion) in capital, local authorities have said.

Fifty-five are FDI projects with capital of more than $2.7 billion. Nearly 400 projects are in agriculture, aquaculture, tourism, industry, and trade-services.

It attracted 206 projects in the 2016-20 period, including 22 FDI ones worth nearly VND133 trillion in total.

The province has, over time, paid heed to improving its investment climate, administrative procedures, and working methods to save businesses time and money.

Meetings with businesses and symposiums are held regularly to remove bottlenecks and promote production, attracting more domestic and foreign investors to the province, especially Phu Quoc Island.

Kien Giang has welcomed investors from Australia, China, the Republic of Korea, Japan, Singapore, and Russia in fields where it possesses strengths, like agriculture, the maritime economy, tourism, and services, in keeping with the province’s economic restructuring efforts.

Growth has been posted in those fields as a result, particularly in agriculture and tourism, creating jobs and reducing the rate of poor households.

Of note, Phu Quoc island district now has hundreds of projects, more than 50 of which with capital in excess of VND15 trillion are operational.

Kien Giang has further called for investment in environmentally-friendly high-tech industrial projects.


Category: Economy, Vietnam

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