Almost VND2 trillion pledged for investment in Hau Giang

09:59 | 05/10/2017 Investment

The southern province of Hau Giang has called for investment in seven projects with a total capital of US$261 million at the Investment Promotion Conference, held on September 28, and has already attracted nearly VND2 trillion (US$88 million) as pledged by investors.

PM Phuc visits a pavilion within the framework of the conference - Photo: VGP

The Hau Giang Investment Promotion Conference, entitled 'Hau Giang - Investment and Development Potential', was organised under the chair of Prime Minister Nguyen Xuan Phuc with the participation of nearly 700 enterprises, Government officials and the leaders of ministries and sectors.

At the conference, Hau Giang provincial People's Committee granted five investment certificates to enterprises, with a total investment of VND1.94 trillion (US$85.36 million).

Prime Minister Phuc said that the investment pledged in Hau Giang is modest but it is the real number and is sure to be realised.

"Enterprises should have long-term and sustainable business strategies in the locality, which give prominence to environmental protection and coordination with the local authorities in order to remove any difficulties," said PM Phuc.

Nguyen Phuong Lam, deputy director of Vietnam Chamber of Commerce and Industry (VCCI) in Can Tho, said that the provincial competitiveness index (PCI) of Hau Giang was not top of the rankings but the market penetration index 2015 of Hau Giang topped other provinces and cities.

In particular, when investing in Hau Giang, enterprises rarely have to pay unofficial fees, Lam noted.

Furthermore, enterprises can enjoy a lot of incentives and take advantage of the infrastructure in Can Tho, which is considered as the centre of the Mekong Delta region.

At the conference, several businesses have given their commitment to continue investing in the province, including Lac Ty Co., Ltd and Masan Group.

Hau Giang has attracted many large projects undertaken by enterprises from both home and abroad, including 28 foreign direct investment projects worth nearly US$828 million.

Theo NDO