ID :
21348
Fri, 09/26/2008 - 11:08
Auther :
Shortlink :
http://m.oananews.org//node/21348
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Vinh Long province targets major investments
HCM City (VNA) - For the past two years, authorities of the Mekong Delta province of Vinh Long have focused on large-scale investment projects as a driving force for the area's socio-economic growth, said a local investment official.
Pham Thanh Khon, deputy director of the provincial Department of Planning
and Investment, said the province has succeeded in luring both domestic and
foreign investment for higher growth.
In 2007, provincial authorities netted 20 domestic and foreign investment
projects with a total registered capital of 3 trillion VND (181.5 million
USD).
Among them, major projects include the Sai Gon-Vinh Long Brewery, with an
investment capital of 1.2 trillion VND (73million USD), a Binh Minh
satellite urban area project with a registered capital of 800 billion VND
(49 million USD) and the My Thuan Hi-Tech Services Company worth 350 billion
VND (21 million USD).
In the first eight months of the year, local authorities licensed nine
investment projects including a hi-tech general hospital valued at 500
billion VND (30 million USD) and a marine product processing and aquaculture
plant worth 1.66 trillion VND (100.4 million USD).
So far this year, 2,000 domestic businesses worth 4.2 trillion VND (254
million USD) and 14 foreign investment projects worth 66.7 million VND set
up shop in Vinh Long, up 43 percent over the whole of 2007.
The province's effort to attract investment in building infrastructure for
industrial clusters has paid off. Despite banks limiting credits, the
province has attracted four investment projects to build infrastructure for
the industrial areas to meet its 2008 investment goal.
In the next two years, the province plans to invite infrastructure
investment in 13 industrial clusters covering 546 ha.
In other efforts to attract investment in the coming years, authorities have
teamed up with various agencies to introduce local economic potential to
investors and offer incentive policies involving land, tax and licensing
procedures.-Enditem
Pham Thanh Khon, deputy director of the provincial Department of Planning
and Investment, said the province has succeeded in luring both domestic and
foreign investment for higher growth.
In 2007, provincial authorities netted 20 domestic and foreign investment
projects with a total registered capital of 3 trillion VND (181.5 million
USD).
Among them, major projects include the Sai Gon-Vinh Long Brewery, with an
investment capital of 1.2 trillion VND (73million USD), a Binh Minh
satellite urban area project with a registered capital of 800 billion VND
(49 million USD) and the My Thuan Hi-Tech Services Company worth 350 billion
VND (21 million USD).
In the first eight months of the year, local authorities licensed nine
investment projects including a hi-tech general hospital valued at 500
billion VND (30 million USD) and a marine product processing and aquaculture
plant worth 1.66 trillion VND (100.4 million USD).
So far this year, 2,000 domestic businesses worth 4.2 trillion VND (254
million USD) and 14 foreign investment projects worth 66.7 million VND set
up shop in Vinh Long, up 43 percent over the whole of 2007.
The province's effort to attract investment in building infrastructure for
industrial clusters has paid off. Despite banks limiting credits, the
province has attracted four investment projects to build infrastructure for
the industrial areas to meet its 2008 investment goal.
In the next two years, the province plans to invite infrastructure
investment in 13 industrial clusters covering 546 ha.
In other efforts to attract investment in the coming years, authorities have
teamed up with various agencies to introduce local economic potential to
investors and offer incentive policies involving land, tax and licensing
procedures.-Enditem
