Trang tiếng Việt
Hau Giang calls for investment Print
Thursday, 21 September 2017 11:30

VIETRADE - The southern province of Hau Giang is seeking for domestic and foreign investment in seven key projects, expected to cost US$300 million, local authorities have announced.

 

The seven projects are a high quality rice processing area for exports, infrastructure development of the first phase of the Dong Phu concentrated industrial cluster, infrastructure construction of the Nhon Nghia A industrial complex and the third phase of Phu Huu A industrial cluster, besides to Vi Thanh City’s residential area, the Lung Ngoc Hoang eco-tourism area and the Hau Giang hi-tech agriculture zone.

 

Located 240km from the southern socio-economic hub of HCM City, Hau Giang has focused on improving transport facilities while pumping more  investment in high quality agriculture processing zones of sugarcane, pineapple and rice.

 

The province has drawn up investment incentive policies to attract more investment capital from domestic and foreign businesses.

 

It is offering corporate income tax exemption and reduction in two to four years, reducing by half the taxes to be paid in the following four to nine years, with preferential lending interest rate of 10-17% per year.

 

Notably, investors who implement agricultural projects are part of the province’s plans will enjoy 50% reduction in their land rental fees.

 

Supports in human resource training, market development, science and technology appliance and consultancy services are among others.

 

In a move to attract more investment capital, the province will organize an investment promotion conference on September 27, according to the provincial Department of Information and Communication.

 

The forthcoming conference aims to advertise the province’s potential, strengths, key projects which prioritize for investment attraction as well as its investment incentives to both local and foreign investors, the department said.

 

The event will also be a good opportunity for organizations, investors, businesses and State management agencies to exchange ideas on policies and investment environment for socio-economic development, it added.

 

On this occasion, the province will also grant investment certificates to the investors, as well as sign memoranda of understanding with local and international enterprises.

 

Other related activities, such as the trade fair, will be held on the sideline of the upcoming event, expected to draw the participation of some 300 firms.

 

Statistics from Hau Giang Department of Planning and Investment showed out that the province has to date attracted 488 projects with a combined investment capital of VND123 trillion (US$5.39 billion). Of them, 29 are foreign-invested projects, capitalized at US$808 million.

 

Hau Giang’s socio-economic development plan by 2020

 

  • Achieving GDP of 14.4% per year with industry and construction ratio accounting for 40% of the province’s GDP; services 48% and agriculture-forestry-fishery 12%
  • Annual average growth for specific industries: agriculture-forestry-fishery 6.6%; industry and construction 15.2% and services 18%
  • Gaining export turnover of US$942 million by 2020 with an annual growth rate of 12.8%
  • Average capital income to reach US$2,153
  • Creating 20,000-25,000 jobs annually including 2,000-3,000 exported laborers, unemployment rate less than 5%
  • Implementing strategy of human resource training as planned with trained laborers making up about 41.6% of people of working age by 2020
  • Increasing the percentage of households using electricity up to 99%, particularly 95% among rural households
  • Increasing the rate of households having access to clean water  to 87.4%, particularly 100% among urban households and 80% among rural households

 

(Source: Ministry of Planning and Investment)


Hau Giang’s socio-economic development plan by 2020

 

·        Achieving GDP of 14.4% per year with industry and construction ratio accounting for 40% of the province’s GDP; services 48% and agriculture-forestry-fishery 12%

·        Annual average growth for specific industries: agriculture-forestry-fishery 6.6%; industry and construction 15.2% and services 18%

·        Gaining export turnover of US$942 million by 2020 with an annual growth rate of 12.8%

·        Average capital income to reach US$2,153

·        Creating 20,000-25,000 jobs annually including 2,000-3,000 exported laborers, unemployment rate less than 5%

·        Implementing strategy of human resource training as planned with trained laborers making up about 41.6% of people of working age by 2020

·        Increasing the percentage of households using electricity up to 99%, particularly 95% among rural households

·        Increasing the rate of households having access to clean water  to 87.4%, particularly 100% among urban households and 80% among rural households

 

(Source: Ministry of Planning and Investment)

 
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