Kien Giang approves 20 projects worth total $2 billion

Wednesday, Jul 31, 2019 15:17

Children play on Nam Du Island, Kien Giang Province. The provincial authority has approved 20 more projects worth $2 billion. — Photo

Twenty projects worth combined a VND43.4 trillion (roughly US$2 billion) were granted investment licences by Kien Giang People Committee on Monday.

The Mekong Delta province’s authority also signed investment co-operation agreements with 25 investors for 36 projects with total registered capital of more than VND150 trillion.

Key projects include a limestone and clay mining project and a clinker kiln one, both for cement production, run by Siam City Cement Vietnam – a subsidiary of Thailand-based Siam City Group – in Kien Luong District with combined investment of VND10.9 trillion ($467.8 million).

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 by CityLand Phu Quoc, worth VND4.9 trillion; and Resident Hill Phu Quoc which costs VND2 trillion.

Kien Giang pledged to improve the local business climate and legal framework for investors. It also vowed to remove barriers in public administration schemes and provide investors with preferential policies.

The province aims to create a dynamic, creative and efficient business environment for investors as it sees their success as its own, said Secretary of the provincial Party’s Committee Nguyen Thanh Nghi.

Kien Giang will be consistent in implementing investment policies and ensure supply of human resources and services for investors. Additionally, it will hold dialogues between local authorities and businesses to address problems in a timely manner and help projects run on schedule, Nghi said. — VNS

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