Investors to pour $1.77b into Kien Giang
Investors to pour $1.77b into Kien Giang
Twenty-four domestic and foreign investors received investment certificates to pump VND40.31 trillion (US$1.77 billion) into the Mekong Delta province of Kien Giang in the first half of this year, 3.6 times higher than the investment figures of 2016, local authorities have said.
Currently, the province is home to 712 projects, including 47 foreign-invested ones, worth a combined $23.78 billion. The projects are mainly in tourism, agriculture, processing and manufacturing industries, petroleum transport, trade and services.
Pham Vu Hong, chairman of the provincial People’s Committee, said Kien Giang will continue investing in infrastructure construction and calling for more investment in industrial parks, particularly in its key sectors.
The province will create favourable conditions for investors to deploy licensed projects and speed up the progress of construction projects, he said, adding that Kien Giang will also simplify administrative procedures.
Kien Giang aims to mobilise $11.3 billion for socio-economic development by 2020. Of this, 68 per cent will come from the private sector, 13 per cent from the State budget, 6 per cent from foreign direct investment and the remaining 13 per cent from other sources.
