Ca Mau attracts $930m investment in 2019

Tuesday, Feb 04, 2020 17:39

A Petrovietnam Ca Mau Fertiliser Co plant in Ca Mau Province. The province is now home to nearly 3,900 businesses with a total registered capital of VND44 trillion. — VNA/VNS Photo The Anh

The Mekong Delta province of Ca Mau granted licences to 24 investment projects with total registered capital of more than VND21.5 trillion (US$930 million) in 2019, bringing the number of projects in the locality to 318, capitalised at VND99.66 trillion ($4.3 billion).

Chairman of the provincial People’s Committee Nguyen Tien Hai delivered this information during a meeting between local authorities and 300 businesses in the province on Monday.

In his speech, Hai praised the contribution of the business community to the province’s development in recent years.

The chairman urged businesses to foster co-operation and comply with their commitments in ensuring environmental protection and speeding up the implementation of their projects.

”Ca Mau Province always considers the success of businesses as our success," Hai said.

The province is now home to nearly 3,900 businesses with total registered capital of VND44 trillion.

In the future, Ca Mau will implement some major measures to create the best conditions for businesses including reviewing planning of industrial zones and clusters to attract large-scale projects and accelerating administrative reforms, the chairman said.

This year, it will also facilitate the operation of the local business association to help firms address their difficulties and connect them with State agencies.

Hai added the association’s operation is a must to not only assess the satisfaction of enterprises with State agencies but also to improve provincial competitiveness.

A new Investment Promotion and Business Support Centre has been established in the province to attract investment.

Aside from providing consultancy and support for investment, business development and start-ups, the centre will also promote investment, trade and tourism.

According to Quach Van An, director of the centre, local authorities are making every effort to attract investment projects in the Nam Can Economic Zone in Nam Can District and Khanh An Industrial Park in U Minh District. — VNS

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