Hau Giang calls for investment in seven key projects

15:18 | 21/09/2017 Economy

The Mekong Delta province of Hau Giang is calling for nearly US$300 million of investment in seven key projects, provincial officials said. 

A garment factory in Vietnam - Illustrative photo: VNA

The province announced at a press conference on September 19 that it will hold an investment promotion conference in late September to announce priority projects and local incentives.

Director of the provincial Department of Information and Communication Pham Van Tuu said the projects include a rice processing for export project accompanied by a rice farming area, a ecotourism site at the Lung Ngoc Hoang nature reserve, and infrastructure construction for several industrial parks and a high-tech agricultural zone.

Hau Giang plans to offer exemption and reduction of corporate income tax for between 2-4 years and a 50 percent reduction for the next 4-9 years, with the preferential tax rates ranging from 10-17 percent.

In the framework of the investment promotion conference there will be such activities as a fair and exhibitions, and seminars on the local potential for investment and development.

Currently, there are 4,200 enterprises with a total registered capital of 45 trillion VND (2 billion USD) in Hau Giang. The province has so far attracted 40 foreign and domestic investors, who have poured capital worth 760 million USD and 66.4 trillion VND, respectively, in the local industrial zones and complexes.

Theo VNA