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Kon Tum seeks investment

Update: March, 17/2018 - 09:00
A corner of Kon Tum City. - Photo
Viet Nam News

HÀ NỘI – The central highland province of Kon Tum will call for investments during the forthcoming investment promotion conference to be held here on April 22.

Deputy director of Kon Tum Department of Planning and Investment Nguyễn Đình Bắc told that his province would advertise its potential to domestic and foreign investors while encouraging them to pump investments in a wide range of sectors, including hi-tech farming, urban infrastructure, and the pharmaceutical and tourism sectors.

Earlier, the provincial People’s Committee published a list of 108 projects, calling for investments until 2020 at a total investment capital of VNĐ84.73 trillion (US$3.71 billion).

Some 27 projects are involved in the agro-forestry sector, 26 in the industry sector and 34 to specialise in trade, services and tourism sectors, besides the 21 in urban infrastructure development.

Among the projects is a 1,000-ha Ngọc Linh ginseng growing project, expected to cost VNĐ2trillion, in Tu Mơ Rông District; a 200-ha hi-tech farm, worth VNĐ400 billion, in Kon Tum City, and the Tân Cảnh solar plant, valued at VNĐ2.3 trillion, in Đắk Tô District.

Others include the infrastructure development of Bờ Y Industrial Zone, capitalised at VNĐ7.9 trillion, and a VNĐ-1 trillion urban and tourism complex, covering 380ha in Kon Tum City, and the Đông Bắc urban area, expected to cost VNĐ3 trillion. 

As of February 2018, the province has lured only eight foreign-invested projects, worth $82.3 million, ranking 55th among 64 localities nation-wide, the latest report from the Ministry of Planning and Investment’s Foreign Investment Agency revealed.

Local authorities have vowed to take measures to remove barriers against investors, in line with the government guidelines. -VNS


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