Bac Lieu pledges incentives for investors

Chairman of the People’s Committee of Bac Lieu province Pham Van Thieu has committed to creating the most transparent and fair investment environment for investors with the best incentives and the highest sense of responsibility.
Bac Lieu pledges incentives for investors ảnh 1Investment certificates are granted to enterprises. (Photo: baobaclieu.vn)

Bac Lieu (VNA) – Chairman of the People’s Committee of Bac Lieu province Pham Van Thieu has committed to creating the most transparent and fair investment environment for investors with the best incentives and the highest sense of responsibility.

Addressing the 2022 investment promotion conference in the Mekong Delta province on November 28, Thieu said with shrimp farming land accounting for nearly half of the total area, Bac Lieu has set aquaculture as a development spearhead and the high-tech agricultural park for shrimp development as a nucleus, thus becoming a hub for shrimp farming and processing.

The province will also give priority to forming linkages in rice production and trade and improving farm produce quality in an effort to promote agriculture and rural development and better farmers’ lives.

With favourable natural advantages like flat land, few natural disasters, sunny and windy weather almost all year round, especially in coastal regions, Bac Lieu is well-positioned to develop wind and solar power, he said.

The locality has so far drawn liquefied natural gas (LNG) projects with a total capacity of 3,200MW and eight wind power projects with a capacity of nearly 470MW, ranking third nationwide. By 2030, it targets becoming one of the country’s clean energy hubs, focusing on wind, solar and gas power.

Blessed with cultural and relic sites peculiar to Kinh, Khmer and Hoa ethnic groups, Bac Lieu is also on its way to becoming a tourism hub in the Mekong Delta.

To date, the province has attracted 184 projects, including 167 domestic ones worth over 53 trillion VND (2.3 billion USD), and 17 foreign-invested valued at over 4.5 billion USD.

It has set a goal of becoming an upper middle income province in the Mekong Delta by 2025 and in the country by 2030.

At the event, Bac Lieu invited investment in 195 projects in industry, agriculture, trade-housing, culture-sport-tourism, infrastructure, healthcare, education and environment. It also granted investment certificates to 13 projects with total capital of nearly 17 trillion VND and signed memoranda of understanding on investment cooperation.

Speaking at the event, Deputy Prime Minister Vu Duc Dam agreed with the province’s policy of focusing on five pillars for socio-economic development.

He asked for difficulties faced by investors to be removed to create a new driving force for the development of Bac Lieu, Ca Mau peninsula and the Mekong Delta as a whole./.

VNA

See more

Hideaki Egashira revealed plans to expand Idemitsu's investment in Vietnam. (Photo: tapchicongthuong.vn)

Idemitsu to expand investment in Vietnam

Hideaki Egashira, General Director of Idemitsu Vietnam Co Ltd, a subsidiary of Japanese petroleum company Idemitsu Kosan, has revealed plans to expand the company's investment portfolio in Vietnam.

Illustrative image (Photo: VNA)

Over 56% of Japanese firms looking to expand investment in Vietnam: Survey

According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.

Vietnam’s rice exports to Singapore surge (Photo: VNA)

Vietnam’s rice exports to Singapore surge

Vietnam’s rice exports to Singapore recorded significant growth in 2024, cementing Vietnam’s position as the third-largest rice supplier of the city state, according to the Vietnam Trade Office in Singapore.

The 21st conference of the 17th Hanoi Party Committee on January 21 (Photo: VNA)

Hanoi sets ambitious growth targets for 2025-2030

Hanoi has set a goal of achieving an annual growth rate of 10.5-11% during the 2025-2030 period, focusing on bolstering traditional economic drivers while implementing innovative solutions to promote new ones.

Minister of Industry and Trade Nguyen Hong Dien (Photo: VNA)

Vietnam commits to supporting Czech investors: Minister

Minister of Industry and Trade Nguyen Hong Dien pledged Vietnam’s support to Czech businesses and investors while addressing the bilateral business forum held in Prague on January 20 as part of Prime Minister Pham Minh Chinh’s official visit to the European country.

Processing mango products for export at the factory of An Giang Fruit and Vegetables JSC. in Lam Dong province (Photo: VNA)

UNCTAD leader highlights Vietnam’s role in global trade

Vietnam has emerged as a remarkable example of how trade and investment can fuel inclusive growth and development, according to Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD).

Le Anh Quan, Standing Vice Chairman of the municipal People's Committee and Chairman of the Vietnam-Korea Friendship Association delivers speech at the event. (Photo: VNA)

Vietnam, RoK strengthen friendship, cooperation

The Vietnam-Korea Friendship Association (VKFA) and the Korean Association in the northern city of Hai Phong hosted a friendship exchange on January 20 during which the Vietnam-Korea Business Club in Hai Phong was launched.

2025 - Year of acceleration, breakthroughs

2025 - Year of acceleration, breakthroughs

Prime Minister Pham Minh Chinh has instructed ministries, agencies, and local authorities to drastically and effectively implement three strategic breakthroughs, six key tasks, and 12 primary solutions, striving for double-digit growth in 2025, set to be the year of acceleration and breakthroughs, and laying the foundation for the 2026-2030 socio-economic development plan.