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An Giang province moves to lure further investment

The Mekong Delta province of An Giang will step up administrative reform, improve its investment climate, and enhance its competitive capacity to attract more domestic and foreign investment projects.
An Giang province moves to lure further investment ảnh 1A view of An Giang (Source: baodautu.vn)
AnGiang (VNA) – The Mekong Delta province of An Giang will step upadministrative reform, improve its investment climate, and enhance its competitivecapacity to attract more domestic and foreign investment projects.

Director of the provincial Department of Planning and Investment Le Van Phuocsaid that the province will focus on building a level playing field for bothVietnamese and foreign investors. They will receive preferences in tax and landlease, credit support, among others.

The provincial People’s Committee has maintained its weekly “business coffeebreak” model to dialogue with local enterprises, helping to remove bottlenecks intheir operations.

An Giang is now calling for investment to 60 projects, with priority given tosuch sectors as high-tech agriculture, eco-tourism, resort tourism, the processingindustry, and the support industry.

The province secured 795 billion VND (34.3 million USD) in 14 new projects in thisyear’s first quarter, including three in agriculture, five in realty, two inindustry, and four in trade and service.

However, it drew no foreign direct investment (FDI) projects during the period.To date, the province is home to 37 valid FDI projects.

According to the Department of Planning and Investment, the province saw 177newly-established enterprises with a total registered capital of nearly 1.45trillion VND from the outset of the year, up 5.98 percent in the number ofbusiness but down 0.27 percent in terms of capital against Q1 in 2018.

From January to March, 29 companies completed dissolution procedures and 119 othersceased operations, dropping 6.45 percent and 0.83 percent respectively.

The number of enterprises in the locality now totals 9,544, which altogether registereda combined 57 trillion VND for their business operation.–VNA 
VNA

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