Thursday, November 26 2020


Kiên Giang approves 20 projects worth total $2 billion

Update: July, 31/2019 - 15:17


Children play on Nam Du Island, Kiên Giang Province. The provincial authority has approved 20 more projects worth $2 billion. — Photo

HÀ NỘI  Twenty projects worth combined a VNĐ43.4 trillion (roughly US$2 billion) were granted investment licences by Kiên Giang People Committee on Monday.

The Mekong Delta province’s authority also signed investment co-operation agreements with 25 investors for 36 projects with total registered capital of more than VNĐ150 trillion.

Key projects include a limestone and clay mining project and a clinker kiln one, both for cement production, run by Siam City Cement Vietnam – a subsidiary of Thailand-based Siam City Group – in Kiên Lương District with combined investment of VNĐ10.9 trillion ($467.8 million).

Sun Phú Quốc Co Ltd was approved to build An Thới Eco Urban Area, Suối Lớn reservoir and a water treatment plant, worth a total of VNĐ5.1 trillion.

The newly-approved projects also include Rạch Tràm eco-tourism complex and residential zone invested by CityLand Phú Quốc, worth VNĐ4.9 trillion; and Resident Hill Phú Quốc which costs VNĐ2 trillion.

Kiên Giang pledged to improve the local business climate and legal framework for investors. It also vowed to remove barriers in public administration schemes and provide investors with preferential policies.

The province aims to create a dynamic, creative and efficient business environment for investors as it sees their success as its own, said Secretary of the provincial Party’s Committee Nguyễn Thanh Nghị.

Kiên Giang will be consistent in implementing investment policies and ensure supply of human resources and services for investors. Additionally, it will hold dialogues between local authorities and businesses to address problems in a timely manner and help projects run on schedule, Nghị said. — VNS

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