Investment capital in An Giang increases

Monday, Dec 03, 2018 08:09

Workers at a factory in An Giang Province. Investment capital in the province has increased significantly this year. — VNS Photo

The Mekong Delta province of An Giang has attracted 78 projects with total registered capital of VND24.8 trillion (US$1.06 billion) in the first 10 months of the year, a year-on-year increase of 6.85 per cent in the number of projects and 2.97 times in capital, according to the provincial Department of Planning and Investment.

Among the projects, two have foreign investors, with total registered capital of $3.01 million

Ten out of 78 new projects began operation this year.

The province has attracted 211 projects with total registered capital of VND45.35 trillion ($1.9 billion) in 211 projects since the beginning of 2016.

This represents an increase of 1.2 times (or VND24.73 trillion) in investment capital and 20.57 per cent in the number of projects compared to the 2011-15 period

The projects are mainly in agriculture, urban infrastructure, trade services, education, health, culture, sports and tourism.

With an aim to attract resources for development, the province will continue to strongly improve the business investment environment and accelerate administrative reform, according to the department.

As planned, the province will organise an investment promotion conference next month to solicit investment in many projects

According to local authorities, the province will introduce its socio-economic development achievements, strengths, and potential at the conference, and hopes to mobilise resources from domestic and foreign investors for rapid and sustainable growth.

An Giang is located west of the Mekong Delta between the Tien and Hau rivers and shares a 100km border with Cambodia in the northwest.

An Giang is part of the Mekong Delta rice basket. It also has corn and aquatic products such as basa fish, shrimp, and cuttlefish.

An Giang is renowned for its traditional handicrafts such as Tan Chau silk, Chau Doc fish sauce and other consumer products. The ethnic Cham have a long-standing weaving industry. — VNS

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