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Kien Giang set to woo VND4.3t of investment in six projects

Kien Giang set to woo VND4.3t of investment in six projects
HCMC – The Mekong Delta province of Kien Giang looks to attract investment in six projects worth some VND4.3 trillion this year, according to the provincial Department of Planning and Investment.

The province also targets the disbursement of roughly VND24 trillion to carry out projects this year, the Vietnam News Agency reported.

Chairman of the provincial People’s Committee Lam Minh Thanh said the province will make efforts to complete its zoning plan for the 2021-2030 period, with a vision toward 2050, to submit it to the Government for approval.

The province also reviewed and updated its investment portfolio in the 2021-2025 period to call for investment and grant investment certificates to new projects. In addition, it introduced investment incentives to woo more investors and take measures to remove obstacles facing projects, the chairman added.

Local authorities accelerated efforts to review projects funded by private capital and urged investors to start work on projects with completed investment procedures.

The province took back the investment certificates from investors incapable of implementing their projects or those who let their projects fall behind schedule.

By the end of 2022, the province had revoked the investment certificates of 294 projects with a total area of over 11,800 hectares.

Up to now, investors have executed 775 projects in fields such as agriculture, tourism, transportation, urban development and the environment that cover some 32,500 hectares of land, with total registered capital of over VND606 trillion, in Kien Giang.

According to the Vietnam Chamber of Commerce and Industry, Kien Giang ranked third in terms of investment attraction in the Mekong Delta, after Long An Province and Can Tho City.

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