Illustrative image (Photo: VNA) Hanoi (VNA) - A surge in investments in the Mekong Delta’s Vinh Long provinceis expected to be an opportunity for it to speed up its industrial developmentin the time to come.
Industrial parks in the province have attracted 69 investment projectsto date, including 40 FDI projects, with total capital of nearly 4 trillion VND(173.8 million USD) and 766 million USD.
In 2020, despite the impact of COVID-19, investments in local industrialparks totalled 158 million USD, up 52percent year-on-year.
Along with the main fields of farm produce processing, food, animal feedproduction, and footwear, the province also began attracting investment insupporting industries such as the production of automobile spare parts. This conformswith the province’s investment attraction orientation of improving capacity in industrialproduction.
Deputy Director of the provincial Department of Planning and Investment NguyenKhac Nhu said that besides the efforts of businesses, State support through policiesand mechanisms has made an important contribution to raising resources toinvest in developing production and business.
Local departments and sectors have actively coordinated with businessesand localities over the years to help businesses deal with any difficulties,with a focus on simplifying administrative procedures.
Vinh Long is calling for investment in five key pillars: industry,agriculture, culture - tourism, urban development housing, and trade - services,with total investment of over 24 trillion VND.
Le Minh Tan, Director of the province’s investment promotion andenterprise support centre, said the province is inviting investment in 10 keyprojects in different fields, including the Binh Tan Industrial Park projectworth some 2.9 trillion VND (125.8 million USD), an urban area developmentproject worth 7.5 trillion VND, and an agricultural production and processingproject worth 400 billion VND in Binh Minh town.
To improve the quality and effectiveness of foreign investment, it isworking to attract strategic investors from potential markets such as Japan,the Republic of Korea, Taiwan (China), Singapore, and the EU.
The RoK now has 18 investment projects worth nearly 90 million USD inVinh Long, Japan eight worth 102.5 million USD, and Taiwan (China) 11 worthsome 239.2 million USD.
The province also targets major projects and those that have high addedvalue and use advanced and environmentally-friendly technology, he said,especially agriculture-based industrial development, high-quality humanresources training, and agricultural tourism.
Local authorities will constantly create optimal conditions forinvestors to access key projects and learn about incentives while helping them tackleobstacles in project implementation, he added.
Vinh Long last year granted in principle approval and investmentcertificates to 26 projects with total registered capital of nearly 4.35 trillionVND and over 104 million USD, including six FDI projects./.
Industrial parks in the province have attracted 69 investment projectsto date, including 40 FDI projects, with total capital of nearly 4 trillion VND(173.8 million USD) and 766 million USD.
In 2020, despite the impact of COVID-19, investments in local industrialparks totalled 158 million USD, up 52percent year-on-year.
Along with the main fields of farm produce processing, food, animal feedproduction, and footwear, the province also began attracting investment insupporting industries such as the production of automobile spare parts. This conformswith the province’s investment attraction orientation of improving capacity in industrialproduction.
Deputy Director of the provincial Department of Planning and Investment NguyenKhac Nhu said that besides the efforts of businesses, State support through policiesand mechanisms has made an important contribution to raising resources toinvest in developing production and business.
Local departments and sectors have actively coordinated with businessesand localities over the years to help businesses deal with any difficulties,with a focus on simplifying administrative procedures.
Vinh Long is calling for investment in five key pillars: industry,agriculture, culture - tourism, urban development housing, and trade - services,with total investment of over 24 trillion VND.
Le Minh Tan, Director of the province’s investment promotion andenterprise support centre, said the province is inviting investment in 10 keyprojects in different fields, including the Binh Tan Industrial Park projectworth some 2.9 trillion VND (125.8 million USD), an urban area developmentproject worth 7.5 trillion VND, and an agricultural production and processingproject worth 400 billion VND in Binh Minh town.
To improve the quality and effectiveness of foreign investment, it isworking to attract strategic investors from potential markets such as Japan,the Republic of Korea, Taiwan (China), Singapore, and the EU.
The RoK now has 18 investment projects worth nearly 90 million USD inVinh Long, Japan eight worth 102.5 million USD, and Taiwan (China) 11 worthsome 239.2 million USD.
The province also targets major projects and those that have high addedvalue and use advanced and environmentally-friendly technology, he said,especially agriculture-based industrial development, high-quality humanresources training, and agricultural tourism.
Local authorities will constantly create optimal conditions forinvestors to access key projects and learn about incentives while helping them tackleobstacles in project implementation, he added.
Vinh Long last year granted in principle approval and investmentcertificates to 26 projects with total registered capital of nearly 4.35 trillionVND and over 104 million USD, including six FDI projects./.
VNA
