Sunday, November 19 2017


Kiên Giang vows to attract investments

Update: December, 07/2016 - 09:00

HÀ NỘI – The southern Province of Kiên Giang said it would create favourable conditions to attract infrastructure investments in 2017.

According to Mai Văn Huỳnh, Deputy Chairman of the Provincial People’s Committee, the province aims to promote private investments through build-operate-transfers (BOT), build-transfer-operates (BTO), build-transfers (BT) and public-private partnerships (PPP).

Investment promotion would focus on sectors of the province’s advantages, such as the industry for part suppliers.

Huỳnh said that administrative reforms would be hastened together with incentives in tax, credit and land.

In addition, the province will speed up land clearance and infrastructure construction at industrial zones such as Thạnh Lộc, Tắc Cậu and Xẻo Rô  to create conditions for investors.

Investments in tourism

Kiên Giang Province will also promote tourism investment, especially for Phú Quốc Island.

The province’s statistics showed that Phú Quốc Island attracted 189 projects so far with a total value of more than VNĐ212.6 trillion (US$9.5 billion), nearly half of the total investments registered to in the province.

In the islands, 28 projects worth a total of VNĐ35 trillion had been put into operation, with 28 others under construction.

As many projects in the islands have been implemented slowly, Nguyễn Thống Nhất, head of the management board of Phú Quốc Economic Zone, said the provincial and island district authorities would work with investors of stagnant projects to hasten the construction.

Kiên Giang Province attracted 15 investment projects this year with a total registered capital of VNĐ2.5 trillion, bringing the total projects in the island to nearly 700 with a total investments of VNĐ450 trillion. More than 320 projects are operational. -- VNS

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