Bac Lieu grants investment certificate to 13 projects worth $740 million
Bac Lieu grants investment certificate to 13 projects worth $740 million
Bac Lieu People’s Committee granted investment certificates for 13 projects with the total investment capital of VND17 trillion ($739.1 million).
The investors received the investment certificates as part of Bac Lieu province’s Investment Promotion Conference “Bac Lieu: Potentials and Aspiration for Development,” organised on November 28.
One of the outstanding projects is a complex of a hypermarket, cinemas, restaurants and a food court, and an entertainment area invested by Central Retail with a total investment capital of $17.4 million. The construction of the complex, which covers an area of 25,000 sq.m, is set to start construction and open a mall in December of next year.
BEDA T&C JSC was granted the investment certificates for five real estate projects with a total investment of $442.17 million. Its projects combine housing and apartment segments in collaboration with eco-park, trading, and service areas.
Also, Kosy JSC was licensed to develop an urban project with a total investment capital of $63.04 million.
Chairman of Bac Lieu People’s Committee Pham Van Thieu has committed to creating the most transparent and fair investment environment for investors with the best incentives and the highest sense of responsibility.
Bac Lieu has called for investment in 195 projects in industry, agriculture, trade-housing, culture-sport-tourism, infrastructure, healthcare, education, and the environment.
The largest investment project registered to invest in the province is the $4 billion LNG Bac Lieu project, invested by Delta Offshore Energy Pte., Ltd. (DOE). The investor has completed almost procedures to start the construction of the project. However, DOE is facing difficulties in negotiating the power purchase agreement with EVN as the parties have yet to reach a compromise over the selling price of power and the power purchase volume.
