Economy
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| The Thạnh Lộc Industrial Park in Kiên Giang Province. The province is offering incentives to investors to invest in IPs. — VNA/VNS Photo |
Viet Nam News
HCM CITY — The Cửu Long (Mekong) Delta Province of Kiên Giang is soliciting investment in industrial parks and other projects as a means to boost socio-economic development.
It is eyeing investment, especially in infrastructure, in the Thạnh Lộc, Thuận Yên, Xẻo Rô, Tắc Cậu, and Kiên Lương II industrial parks, workers’housing, and a service and trading area at the Thạnh Lộc IP.
It is also seeking investment in farm produce and fisheries processing and preservation, food and beverages, consumer goods, packaging, wood processing, electronics, garment and textile, footwear, construction materials, plastic, glass, and other projects that could exploit the province’s raw materials and other strengths.
According to the Kiên Giang Economic Zone Authority, the province’s IPs are mostly located in deprived areas, and so investors there will enjoy the most generous incentives for land lease and use, taxes, and credit and labour training support.
It said conditions would also be created to ensure their long-term stability.
Land rents in the province’s IPs are lower than elsewhere in the Mekong Delta, it said.
Local authorities said Kiên Giang enjoys advantages like availability of raw materials for agro-forestry and fisheries and construction.
It also has an abundant workforce with over 1.1 million young workers, they said.
Besides, the Thạnh Lộc IP is only 5km from Rạch Giá city and the airport and the Thuận Yến IP is 6km from Hà Tiên town, making them very convenient for investors. The remaining IPs too are well located in terms of access.
Thạnh Lộc (Châu Thành) and Thuận Yên (Hà Tiên) parks have attracted 25 projects with a total investment of more than VNĐ6.24 trillion (US$274.6 million), including some large ones such as a VNĐ1.49 trillion MDF wood processing project, a VNĐ1.01 trillion beer plant, and a VNĐ761 billion footwear factory.
Chairman of the province People’s Committee, Phạm Vũ Hồng, said Kiên Giang would create the most conducive conditions for enterprises.
With its motto of "Potential and economic strength of Kiện Giang is an opportunity for enterprises", the province is committed to consistently supporting enterprises under all circumstances. — VNS
