15:32 | 24/09/2018 Investment
The Mekong Delta province of Kien Giang has approved a list of 81 projects calling for investment until 2020, said Chairman of the provincial People’s Committee Pham Vu Hong.
Accordingly, there are seven projects in tourism, 11 in trade, six in environment, 13 in agricultural product processing and high-tech aquaculture, six in urban and rural water supply, 15 in industrial production, 10 in industrial park infrastructure, four in urban and housing development, and nine in transportation.
So far, Kien Giang has focused on completing and synchronising its infrastructure system in transport, power, and water supply, while also improving its business environment and reforming administrative procedures.
At the same time, it has built preferential mechanisms and policies, thus creating optimal conditions for investors.
According to the provincial Department of Planning and Investment, the province has to date had 48 valid FDI projects covering over 35,338ha with a combined registered investment of over US$2.7 billion. As much as US$613 million has been distributed.
Since 2017, the province has lured eight FDI projects from Japan, Russia, Australia, and the Republic of Korea, with a total registered investment of US$1.34 billion. They are in areas of transport, tourism, service, oil transport, and footwear production. Many of them have already become operational.
Currently, Kien Giang province has six official development assistance (ODA) projects valuing over 243 billion VND (US$10.5 million).