The permanent deputy head of the Steering Committee for the Southwestern Region, Nguyen Phong Quang, was received by the Secretary of the Development Bureau of Hong Kong (China), Paul Chan, and met representatives of the territory’s General Chamber of Commerce on May 26.

Quang briefed the hosts on the outstanding achievements gained by Mekong Delta localities, affirming that the region holds an extremely important position in Vietnam’s socio-economic development strategy.

The Mekong Delta region needs foreign investments to develop agriculture in order to promote its advantage as Vietnam’s largest rice granary, he stated.

The Vietnamese official mentioned the master plan to build Phu Quoc Island in Kien Giang province into a special economic zone. This drew the attention of many Hong Kong businesses.

President of the General Chamber of Commerce, Jonathan Choi, and business representatives questioned Quang about investment in Phu Quoc, declaring that this could be a very good opportunity for Hong Kong companies.

Quang thanked them for their interest and introduced them to Vietnam’s preferential policies for investors in the Mekong Delta region and Phu Quoc; particularly those related to entry procedures and corporate income tax.-VNA