Kien Giang (VNA) - The Mekong Delta province of Kien Giang is carryingout measures to increase the quality and efficiency of foreign investment andcreate an open and transparent business and investment environment to attractmore capital.

Five main pillars have been prioritised, namely high-techagriculture; clean and renewable energy; tourism; trade-services,education-training, and high-quality healthcare; and developing the sea-basedeconomy in association with ensuring defence-security.

Kien Giang targets attracting 30-40 FDIprojects with total capital of 60-100 million USD during the 2021-2025 period and40-50 projects with 80-120 million USD in 2026-2030.

The province has also set a target of thenumber of projects using technologies from G7 or OECD countries accounting for45-50 percent of the total during 2021-2025 and 60-70 percent during 2026-2030,with the localisation rate to equal the country’s average.

It expects to create about 175,000 jobs andcollect 545 million USD for the State budget during 2021-2025 and over 680million USD during the next five years.

To increase the quality and efficiency offoreign investment, it will bolster its administrative procedure reform and publiciseinvestment registration and assessments of FDI projects.

It also encourages projects using clean andenvironmentally-friendly technologies and employing local workers. It will notconsider foreign investors using out-of-date technologies that present a riskof environmental pollution.

Foreign businesses are also encouraged tovoluntarily increase technology transfer.

Kien Giang commits to creating favourableconditions for foreign enterprises in training and improving workplace skills./.