As many as 906 foreign-invested projects worth 11.9 billion USD havebeen operational in the Mekong Delta region so far, according to theSteering Committee for the Southwestern Region.
In 2014 alone, the region attracted 654 million USD from 71 new projects and 22 existing ones in 2014.
Of the regional localities, Long An, Kien Giang and Tien Giangprovinces accounted for up to 70 percent of the total new investments.
NguyenPhong Quang, deputy head of the Steering Committee said the results wasattributed to efforts made by the localities to improve ProvincialCompetitiveness Index (PCI), adding that these contributed to creatingattractive investment climate, thus luring more investment to theregion.
The Mekong delta localities set up investment-tradepromotion centres to provide businesses with information in the field,while reforming administrative procedures to facilitate foreigninvestor’s operation in the region.
Investors in the region are offered a land rental exemption of at least 50 percent within between three and six years.
Additionally,investment projects in difficult areas are enjoyed a tax reduction upto 15-20 percent as well as land rental discount.
To facilitateinvestors in the region, the localities are carrying out a number of keyprojects such as a coal and natural gas-fuelled power plant in Can Thocity, a coal-fuelled electric plant in Kien Giang, and electricitycentres in Tra Vinh, Soc Tang and Hau Giang provinces.
Theconstruction of Trung Luong-Can Tho expressway, highways 91, N1 and N2,and several road routes along coastal areas, was also completed.
With the endeavour, the region hopes to draw an additional 800-900 million USD of foreign investment in 2015.-VNA
In 2014 alone, the region attracted 654 million USD from 71 new projects and 22 existing ones in 2014.
Of the regional localities, Long An, Kien Giang and Tien Giangprovinces accounted for up to 70 percent of the total new investments.
NguyenPhong Quang, deputy head of the Steering Committee said the results wasattributed to efforts made by the localities to improve ProvincialCompetitiveness Index (PCI), adding that these contributed to creatingattractive investment climate, thus luring more investment to theregion.
The Mekong delta localities set up investment-tradepromotion centres to provide businesses with information in the field,while reforming administrative procedures to facilitate foreigninvestor’s operation in the region.
Investors in the region are offered a land rental exemption of at least 50 percent within between three and six years.
Additionally,investment projects in difficult areas are enjoyed a tax reduction upto 15-20 percent as well as land rental discount.
To facilitateinvestors in the region, the localities are carrying out a number of keyprojects such as a coal and natural gas-fuelled power plant in Can Thocity, a coal-fuelled electric plant in Kien Giang, and electricitycentres in Tra Vinh, Soc Tang and Hau Giang provinces.
Theconstruction of Trung Luong-Can Tho expressway, highways 91, N1 and N2,and several road routes along coastal areas, was also completed.
With the endeavour, the region hopes to draw an additional 800-900 million USD of foreign investment in 2015.-VNA
