Phu Quoc Island in Kien Giang province. Tourism is one of the province's prioritised sectors for calling investment by 2020. (Source: VNA) Kien Giang (VNA)- The Mekong Delta province of Kien Giang will hold a conferenceon July 26 and 27 in a bid to attract more investment.
The conference isexpected to attract 500 domestic and foreign enterprises and representativesfrom international organisations and agencies, baodautu.vn citedQuang Xuan Lua, Deputy Director of the provincial Centre for Trade, Investmentand Tourism Promotion, as saying.
During the event, KienGiang would introduce its socio-economic achievements, advantages,investment incentives and projects calling for investment, Lua said, addingthat discussions between local authorities, experts and investors on measuresto help the province lure investment sustainably would also beincluded.
The province wants tocall investment in 117 projects between now and 2020, the centre’s directorNguyen Duy Linh Thao told the online newspaper.
The province hasinvested to complete infrastructure for transport, electricity grids, watersupply and a drainage systems, and is continuing administrative reforms, all inan effort to woo investors.
It is also settingpreferential policies and providing assistance for investment based on theGovernment’s common policy framework and local policies.
To date, Kien Giang hasattracted 680 projects with total investment of more than 500 trillion VND (21.6 billionUSD). Of the total, 341 projects, worth 60.6 trillion VND areoperational, 68 projects, valued at 115 trillion VND, are underconstruction while the remainder are completing investment procedures.
The province aimsto mobilise 215 trillion VND for socio-economic development by 2020 and 1quadrillion VND by 2030.
It also targets to anaverage Gross Regional Domestic Product (GRDP) growth of 7.5-8 percent per yearby 2020 and 8-9 percent per year in 2020-2030 and an average income percapita of about 3,000 USD.-VNA
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