13:27 | 03/08/2019 Investment
Kien Giang province has just handed over investment certificates and decisions to 18 investors for 20 projects with total capital of VND43,385 billion; and signed an investment cooperation agreement with 25 investors for 36 projects with total registered capital of over VND150 trillion.
|PM Nguyen Xuan Phuc (C, backline) and delegates witness the signing of a range of investment memorandum at the event - Photo: NDO|
Prominent among these are a limestone and clay mining project and a clinker kiln one, both are for cement production and are run by Siam City Cement Vietnam – a subsidiary of Thailand-based Siam City Group – in Kien Luong district, with a combined investment of VND10.89 trillion. The Sun Phu Quoc Co., Ltd. was approved to build An Thoi Eco Urban Area, Suoi Lon reservoir and a water treatment plant, worth a total of VND5.1 trillion.
The newly-approved projects also include Rach Tram eco-tourism complex and residential zone, invested in by CityLand Phu Quoc, worth VND4.9 trillion; and Resident Hill Phu Quoc, which costs VND2 trillion.
Kien Giang pledged to further improve the local business climate and legal framework and planning for the investors. It also vowed to remove barriers in public administration schemes and provide the investors with preferential policies.
According to Secretary of the provincial Party’s Committee Nguyen Thanh Nghi, the province aims to create a dynamic, creative and efficient business environment for investors as it sees their success as its own. It has been making all possible efforts to offer a better environment for the investors, he added.
Kien Giang will be consistent in implementing investment policies and ensuring local supply of human resources and necessary services for the investors.
Additionally, the province will increase dialogues between local authorities and businesses to address any problem in a timely manner and help projects run on schedule.