Kien Giang solicits investment in border economic zone
Kien Giang solicits investment in border economic zone
The Cuu Long (Mekong) Delta province of Kien Giang is soliciting investment in several projects in its Ha Tien Border Gate Economic Zone.
Le Quoc Anh, secretary of the Ha Tien City Party Committee, said the province wants businesses and investors from within and outside the country to invest in projects in the zone's trading centre, financial centre, international trade fair and exhibition centre, tourism area, resort, amusement park, hospital, school, sports facility, cultural centre, and cinema.
The projects are mostly in healthcare, commerce, tourism, services, education, culture, and sports but also include infrastructure works such as the Bai No Seaport, a tourist quay and a wastewater treatment plant.
Anh said the province is enhancing investment promotion in the media and participating in investment promotion conferences and economic co-operation forums to pitch the zone.
The province is offering investors many incentives related to taxation and land lease, he said.
It has approved a general plan for Ha Tien City and the Ha Tien Border Gate Economic Zone until 2040.
The development of the economic zone was announced in April.
The 1,600ha zone spreads over the city's five ward of Phao Dai, Dong Ho, To Chau, Binh San, and My Duc.
It has seven functional areas: a non-tariff zone, tourism area, administrative area, residential area, an industrial park, the Ha Tien International Border Gate, and another area that connects with the Prek Chak International Border Gate on the Cambodian side.
It has so far attracted 35 projects worth around VND4.4 trillion (US$193.4 million).
Ha Tien City will be developed into a gateway for cross-border trade and overland tourism between Viet Nam and its Southeast Asian neighbours.
It is expected to promote trade and socio-economic development of the border area, and foster ties with other countries.
