Investment promotion conference slated for Kiên Giang in July

July 04, 2019 - 16:48
The province wants investment in 117 projects between now and 2020.


Phú Quốc Island in Kiên Giang Province. Tourism is one of the province's prioritised sectors for calling investment by 2020. — Photo

KIÊN GIANG — The Cửu Long (Mekong) Delta province of Kiên Giang will hold a conference on July 26-27 to lure more investment to the locality.

The two-day conference is expected to attract 500 domestic and foreign enterprises and representatives from international organisations and agencies, cited Quảng Xuân Lụa, deputy director of the provincial Trade, Investment and Tourism Promotion Centre, as saying.

During the event, Kiên Giang would advertise its socio-economic achievements, advantages, investment incentives and projects calling for investment, Lụa said, adding that discussions between local authorities, experts and investors on measures to help the province lure investment sustainably would also be included.

The province wants investment in 117 projects between now and 2020, the centre’s director Nguyễn Duy Linh Thảo told the online newspaper.

The province has invested to complete infrastructure for transport, electricity grids, water supply and a drainage systems, and is continuing administrative reforms, all in an effort to woo investors.

It is also setting preferential policies and providing assistance for investment based on the Government’s common policy framework and local policies.

To date, Kiên Giang has attracted 680 projects with total investment of more than VNĐ500 trillion (US$21.6 billion). Of the total, 341 projects, worth VNĐ60.6 trillion are operational, 68 projects, valued at VNĐ115 trillion, are under construction while the remainder are completing investment procedures.

The province aims to mobilise VNĐ215 trillion for socio-economic development by 2020 and VNĐ1 quadrillion by 2030.

It also targets to an average Gross Regional Domestic Product (GRDP) growth of 7.5-8 per cent per year by 2020 and 8-9 per cent per year in 2020-30 and an average income per capita of about $3,000. — VNS