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Hong Kong firm to invest in Hậu Giang

Update: January, 10/2018 - 09:15
Deputy Chairman of the provincial People’s Committee, Nguyễn Văn Tuấn (R) at a meeting with Dragon Joy on Tuesday. — Photo

HẬU GIANG — Hong Kong-based company Dragon Joy International Engineering is planning to invest in a steel rolling mill project and a solar power project in the southern province of Hậu Giang.

Hậu Giang Province People’s Committee on Tuesday discussed the investment opportunities with Dragon Joy.

The steel rolling mill, with a capacity of 150,000-200,000 tonnes per year will produce steel ingots, steel bars and steel wire for the Cửu Long (Mekong River) Delta market.

The solar power project will have an investment capital of VNĐ1.1 trillion (US$48.3 million) and a capacity of 66,000MW per year.

Deputy Chairman of the provincial People’s Committee, Nguyễn Văn Tuấn, said the southern province aimed at attracting investments to promote industrial production while protecting the environment.

Tuấn said Hậu Giang authorities had pledged to create favourable conditions for the investors.

Till date, the province has attracted 489 projects with domestic investment worth VNĐ123.4 trillion and 29 projects with foreign investment worth $809 million.

Dragon Joy has nine subsidiaries and seven joint ventures in four major businesses, including real estate, finance, industry and international trade. — VNS

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