An Giang Province to allocate VND35 billion for investments

The Mekong delta province of An Giang is planning to set aside around VND35 billion for investments in the province for 2012, about VND22-23 billion of which will come from local firms; VND7 billion from the provincial budget; VND3-4 billion from the local budget of its districts and towns; and VND2-3 billion from the state budget.

In 2011, promotional efforts made by the province saw positive results whereby the province succeeded in attracting more investors. By the end of 2011, the province had granted investment licenses for 59 projects worth more than VND8.4 trillion, of which six were foreign investments worth more than VND825 billion.

By actively promoting investments and trade, retail sales and services in the province reached US$3 billion in 2011, up by 28 per cent over the previous year. Exports topped $830 billion, an increase of 18.6 per cent compared to the previous year and border trade was around $770 billion, up by 32 per cent.

By Huynh Loi – Translated by Thuy Doan

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