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Vinh Long sees increase in social investment capital

The Mekong Delta province of Vinh Long drew a total social investment capital of 5.335 trillion VND (244 million USD) in the first six months of 2015, up 8.8 percent from the same period last year.
The Mekong Delta province of Vinh Longdrew a total social investment capital of 5.335 trillion VND (244million USD) in the first six months of 2015, up 8.8 percent from thesame period last year.

Of the figure, non-State capital increased 10 percent and foreign direct investment capital increased 44 percent.

The province has nine newly-registered projects with 649 billion VND(30 million USD) in total capital focusing on agro-products and foodprocessing, commerce and business.

Another 113enterprises were established, bringing the total number of businessesoperating in the province to 3,915 with a combined capital of 18.5trillion VND (850 million USD).

The encouragingresults are attributed to provincial efforts to create a coordinationmechanism among sectors and localities to cut down red tape.

Dialogues with enterprises were organised to address any emerging issues in a timely fashion.

The province also encouraged enterprises to invest in key sectorssuch seafood processing, rural infrastructure and commerce.

The one-stop-shop mechanism between the Department of Planning andInvestment and the management board of industrial zones or between thePublic Security and the Tax Department were established.

The province also published 77 new administrative procedures, revisedeight procedures and removed 73 procedures to increase transparency anddraw investors.-VNA

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