Ca Mau promises red carpet for investors hinh anh 1Nguyen Tien Hai, the province’s deputy Party Secretary and Chairman, pledged continued administrative reform and offered the most beneficial policies for investors (Source: VNA)

HCM City (VNA) - Authorities in the southernmost province of Ca Mau have pledged to continue with administrative reform and offer the most beneficial policies for investors.

Speaking at a conference in HCM City on December 16 titled Investment Potential and Opportunities in Ca Mau, Nguyen Tien Hai, the province’s deputy Party Secretary and Chairman, said Ca Mau is one of the four provinces and cities in the Key Economic Zone of the Mekong River Delta and is surrounded by the ocean on three sides.

Its forest and marine resources provide it with unique advantages to develop fisheries, agriculture, forestry, services, tourism, exploitation of gas and oil and seaports, he said.

Besides, it also has advantages with respect to aquaculture, high-quality seafood processing and exports.

This year the province has attracted 6.63 trillion VND (293 million USD) worth of investment in 30 projects.

It is now home to 205 projects with total registered capital of  83 trillion VND, including some major projects like the B - O Mon gas pipeline, power plants, and nitrogenous fertiliser plants.

“The province is soliciting investment in agriculture, manufacturing, trading, services, tourism, infrastructure in economic zones and industrial parks, and transport infrastructure,” Hai said.

The province took the occasion to table a list of more than 30 projects in which it is seeking investment.

They include the 3.5 billion USD Hon Khoai Seaport Complex, the 1 trillion VND Ca Mau Cape Tourism and Culture Park, and a 1 trillion VND residential-service-trading area at Nam Can Economic Zone.

“To attract more domestic and foreign investment in the province, Ca Mau will continue to prioritise investment in infrastructure and worker training, drastically improve administrative procedures to create a transparent and favourable business and investment environment,” Hai said.

Mai Huu Chinh, director of the province Department of Planning and Investment, said in addition to incentives in line with the Investment Law, the province will also have support policies with respect to land acquisition and investment in infrastructure like roads and power system in industrial parks.

Hai said investors will be supported with advertising in the province’s portal, investment and trade promotion, technology transfer, credit, brand building and development and human resource training.

Authorities will promptly act on feedback and complaints from investors to resolve them, and provincial leaders would hold regular meetings and direct exchanges with investors to address their difficulties, he said.

At the conference, the provincial government handed over licences for five projects with total registered capital of 5.984 trillion VND (264.77 million USD).

Among them was the Cong Ly Construction-Trading-Tourism Co., Ltd, which has invested 5.5 trillion VD in a wind power plant in the province.

The province also signed five memorandums of understanding with investors for building malls and a wind power plant and other projects. — VNA