Hau Giang to boost investment promotion

By Huynh Kim
Thursday,  Nov 22, 2018,17:39 (GMT+7)

Farmers are seen harvesting sugarcane in the Mekong Delta. New investors with more advanced technology are needed – PHOTO: TRUNG CHANH

CAN THO – The People’s Committee of Hau Giang Province in the Mekong Delta has plans to seek more investment by launching six new major projects and offering a slew of incentives to attract foreign and local investors.

Hau Giang will prioritize the six projects by symplifying investment procedures to them on a trial basis. It will issue decisions approving the project’s execution within a week from the date the complete application is submitted by the investors, said Le Tien Chau, chairman of the provincial government.

In particular, the province wants to promote investment in an infrastructure business project in Nhon Nghia A Industrial Zone, which covers 100 hectares of land and will cost VND500 billion. In addition, a resettlement project, covering some 44 hectares, will be executed in the given area, with total investment of VND350 billion.

In the province’s Vi Thuy District, two projects will be implemented, including a VND210-billion paddy field model in Vi Thanh Commune, covering 216 hectares, and a hi-tech agricultural zone in Vi Dong Commune, which is in need of nearly 210 hectares of land and over VND400 billion in investments.

Moreover, some 100 hectares of land in Chau Thanh A District will be allocated to a VND810-billion Mot Ngan Town New Urban Area project. Further, an infrastructure business project is set to be executed in Tan Tien Warehouse, Logistics and Industrial Zone, covering over 50 hectares of land, with total capital of VND280 billion.

Aside from the six key projects, the provincial government will also prioritize investors who look to fund hi-tech agricultural projects in the province.

Meanwhile, road projects linking with Hau Giang Hi-tech Agricultural Zone are under construction.

Besides this, the Mekong Delta province is calling for investments in organic agriculture, and ecotourism at Nga Bay floating market, Lung Ngoc Hoang natural reserve and a Spring Agriculture Center.

Investors will receive a host of incentives if they invest in the districts of  Long My, Vi Thuy or Chau Thanh. They will enjoy reduction or exemption of corporate income tax for a certain period, and other financial incentives regarding imported machinery, equipment and land rental.

The province would not only offer multiple incentives to attract local investors, but also assigned many teams to visit South Korea, India and Japan to encourage investment from foreign investors.

* Đã đăng Saigon Times Daily 22-11-2018:

https://english.thesaigontimes.vn/64354/hau-giang-to-boost-investment-promotion.html