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Kien Giang attracts $3 bln in foreign direct investment

Jan 22nd at 13:25
22-01-2014 13:25:07+07:00

Kien Giang attracts $3 bln in foreign direct investment

The southern province of Kien Giang is now home to 36 foreign direct investment (FDI) projects with a total registered capital of nearly US$3 billion.

They include two projects licensed in 2013 with a total capital of $76.3 million. The amount of FDI capital disbursed during the year stood at $17 million, equal to 74 per cent of the disbursement in 2012.

Meanwhile, the province licensed 40 investment projects by domestic businesses with a registered capital of over VND4.2 trillion ($197 million).

Kien Giang emerged as an economic spotlight on the Mekong Delta region in 2013.

The province's economic growth rate struck 9.4 per cent by the end of 2013, ranked fourth among the 13 provinces of the Mekong Delta region.

Rice production and shrimp farming were the main driving forces behind the development of the province's socio–economy.

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