Kon Tum seeks investment

Saturday, Mar 17, 2018 09:53

A corner of Kon Tum City. — Photo baodautu.vn

The central highland province of Kon Tum will call for investments during the forthcoming investment promotion conference to be held here on April 22.

Deputy director of Kon Tum Department of Planning and Investment Nguyen Dinh Bac told baodautu.vn that his province would advertise its potential to domestic and foreign investors while encouraging them to pump investments in a wide range of sectors, including hi-tech farming, urban infrastructure, and the pharmaceutical and tourism sectors.

Earlier, the provincial People’s Committee published a list of 108 projects, calling for investments until 2020 at a total investment capital of VND84.73 trillion (US$3.71 billion).

Some 27 projects are involved in the agro-forestry sector, 26 in the industry sector and 34 to specialise in trade, services and tourism sectors, besides the 21 in urban infrastructure development.

Among the projects is a 1,000-ha Ngoc Linh ginseng growing project, expected to cost VND2trillion, in Tu Mo Rong District; a 200-ha hi-tech farm, worth VND400 billion, in Kon Tum City, and the Tan Canh solar plant, valued at VND2.3 trillion, in Dak To District.

Others include the infrastructure development of Bo Y Industrial Zone, capitalised at VND7.9 trillion, and a VND-1 trillion urban and tourism complex, covering 380ha in Kon Tum City, and the Dong Bac urban area, expected to cost VND3 trillion.

As of February 2018, the province has lured only eight foreign-invested projects, worth $82.3 million, ranking 55th among 64 localities nation-wide, the latest report from the Ministry of Planning and Investment’s Foreign Investment Agency revealed.

Local authorities have vowed to take measures to remove barriers against investors, in line with the government guidelines. — VNS

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