Mekong Delta province of Vinh Long lures investments of nearly US$51 million

SGGP
The People’s Committee of the Mekong Delta province of Vinh Long on August 15 gave investment certificates and signed investment memoranda of understanding for 12 projects at a conference to promote investment in the province in 2019.

12 projects are given investment certificates in Vinh Long Province. (Photo: SGGP)

12 projects are given investment certificates in Vinh Long Province. (Photo: SGGP)

At the conference, Mr. Lu Quang Ngoi, vice chairman of the People’s Committee of Vinh Long Province, said that succeeding the success of the investment promotion conference last year, 32 investment projects were invested in the province with total registered capital of above VND23.9 trillion. Up to now, eight projects have been put into operation, six were started construction and five projects are finishing procedures in order to start construction with total investment capital of around VND6.12 trillion.

Moreover, 12 other projects with total investment capital of VND16.67 trillion have been instructed to complete procedures relating to regulations of the Investment Law.

In the conference, the committee gave investment certificates to six projects with total capital of around VND9.6 billion and US$51 million and signed investment memoranda of understanding for six projects with investment capital of nearly VND47.96 trillion.

Mr. Vo Thanh Thong, deputy minister of the Ministry of Planning and Investment, said that in order for Vinh Long Province to continue to attract high quality investment projects and develop sustainably, the province should be consistent in economic development strategy based on long-term vision and build its own brand name attaching to its potential and advantages. The province should build project category with actual potentials and feasibility, especially change basically and comprehensively method of approach for investment promotion.

By Tin Huy – Translated by Thuy Doan

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