In the latest two years, An Giang province has paid particular attention to trade and investment promotion programmes and introduced generous incentives and support measures to catch the fancy of investors.
At present, An Giang province has three Prime Minister-approved industrial parks with a total area of 231.89 ha. Particularly, Binh Long Industrial Park has granted investment licences to seven projects which registered to lease 16.24 ha of land or 84.66 percent of rentable area. Investors mainly focused on fish processing, fish feed production, water supply, sweet potato processing, and vermicelli production. The total registered capital of investors was VND1,181 billion. Currently, Binh Hoa Industrial Park has basically completed technical infrastructure items like roads, water drainage systems, power supply systems and water supply plant with a first-phase daily capacity of 5,000 cubic metres. To date, six projects were licensed on 17.4 ha of land in the industrial park, accounting for 17.4 percent of leasable area, including one foreign investment project. These projects are mainly engaged in steel lamination and casting, concrete production and export garment production. The total registered investment capital was VND324 billion. An Giang Border Gate Economic Zone granted investment licences to two foreign projects, which registered to invest VND103.35 million and use 60.9 ha of land. Located in Xuan To Industrial Park, they specialise in export garment production and outsourcing. Presently, only 30 percent of commercial land in industrial zones has been leased out.
So, in the coming time, the province will specially encourage developers to speed up infrastructure construction in industrial parks and economic zones to provide the best premises for investors to do business. It will also enhance administrative apparatus capacity and strengthen professional training in investment promotion and management.
For years, the An Giang Economic Zone Authority has actively coordinated with relevant departments to attract investors into Binh Hoa Industrial Park and An Giang Economic Zone. It has also introduced Vam Cong, Hoi An, Binh Hoa (expanded) and Binh Long (expanded) industrial parks to infrastructure developers, as well as secondary investors.
Nguyen Minh Phong, Director of An Giang Economic Zone Authority, said the province has focused on selecting best investors and offered them the highest incentives like corporate income tax reduction, land rent, water surface rent and import duties.
He also recommended that the provincial authority encourage operational businesses to replace backward production machinery, equipment and technologies and call medium and big projects to locate in centralised industrial zones. With above-mentioned practical policies and actions, industrial and economic zones in the province are confident to achieve substantial successes in the coming time.
Vietnamese
