Hau Giang seeks investments for 33 projects

Hau Giang (VNA) – The Mekong Delta province of Hau Giang is calling for investment in 33 projects, especially in farm and food products, hi-tech agriculture, and trade and tourism development, said Chairman of the provincial People’s Committee Lu Van Hung.

Hung revealed this at an investment promotion conference held in the locality on July 11 in the framework of the ongoing Mekong Delta Economic Cooperation (MDEC) Forum.

He said the local authorities are giving priority to investment projects related to development of high-quality farm product markets, high-tech industrial parks, and concentrated breeding and fresh-water aquaculture areas, fruit preservation and processing and in eco-tourism.

The event offered a good chance for investors to seek cooperation opportunities and partners in all fields, thus promoting sustainable economic development in the locality in the future, he noted.

The province has directed its departments and sectors to facilitate businesses’ operation and apply preferential policies in disadvantaged economic areas, he added.

According to Tran Huu Hiep from the Steering Committee for the Southwest Region, the province should pay more attention to improving its competitiveness and boosting regional links.

At the conference, the province’s officials presented investment decisions to four projects with a total capital of over 4 trillion VND (180 million USD).

Hau Giang lured 3,710 enterprises with a total investment of over 43 trillion VND (over 1.9 billion USD) during the last 12 years. It recorded 310 newly established businesses every year, mainly in trade, service and construction.

To date, the province is home to nearly 500 domestic projects worth 120 trillion VND (5.4 billion USD), up 7.4 times against 2004. The number of foreign-invested projects in the locality is 27, with a total investment capital of 800 million USD.-VNA