Investment promotion conference slated for Kien Giang in July

Thursday, Jul 04, 2019 16:59

Phu Quoc Island in Kien Giang Province. Tourism is one of the province's prioritised sectors for calling investment by 2020. — Photo

The Cuu Long (Mekong) Delta province of Kien Giang will hold a conference on July 26-27 to lure more investment to the locality.

The two-day conference is expected to attract 500 domestic and foreign enterprises and representatives from international organisations and agencies, cited Quang Xuan Lua, deputy director of the provincial Trade, Investment and Tourism Promotion Centre, as saying.

During the event, Kien Giang would advertise its socio-economic achievements, advantages, investment incentives and projects calling for investment, Lua said, adding that discussions between local authorities, experts and investors on measures to help the province lure investment sustainably would also be included.

The province wants investment in 117 projects between now and 2020, the centre’s director Nguyen Duy Linh Thao told the online newspaper.

The province has invested to complete infrastructure for transport, electricity grids, water supply and a drainage systems, and is continuing administrative reforms, all in an effort to woo investors.

It is also setting preferential policies and providing assistance for investment based on the Government’s common policy framework and local policies.

To date, Kien Giang has attracted 680 projects with total investment of more than VND500 trillion (US$21.6 billion). Of the total, 341 projects, worth VND60.6 trillion are operational, 68 projects, valued at VND115 trillion, are under construction while the remainder are completing investment procedures.

The province aims to mobilise VND215 trillion for socio-economic development by 2020 and VND1 quadrillion by 2030.

It also targets to an average Gross Regional Domestic Product (GRDP) growth of 7.5-8 per cent per year by 2020 and 8-9 per cent per year in 2020-30 and an average income per capita of about $3,000. — VNS

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