An Giang Boosts Investment Promotion

 

According to the provincial industrial park management board said the province has concentrated on speeding up implementation pace of the two local industrial parks (IPs) of Binh Long and Binh Hoa after a two-year period of site clearance in 2007-2008 period.

 

Previously, construction on the two IPs ever faced stagnation due to contractors’ limited capacity. However, to date, the province has created an 85-hectare space to welcome investors to come to the IPs. Of the area, 18 hectares have been filled with factories. This year, Binh Long IP is expected to complete technical infrastructure for 28.56 hectares, including 19 hectares for investors and Binh Hoa IP will complete site clearance for 132 hectares and is ready to serve investors from now to late year. Its infrastructure construction will be completed next year. Besides, to create more land, the province has built Vam Cong IP covering a total area of 198.83 hectares.

 

However, investors said, An Giang is quite far from the centre of Ho Chi Minh City. Meanwhile, its road network has not yet been upgraded, causing difficulties for investors. To publicise investment procedures and processes, the provincial industrial park management board signed Decision 08/QD-KCN on March 9, 2009 on issuing investment procedures at industrial parks. To date, the province has licensed 10 investors with 12 projects. Particularly, after the investment promotion conference held in HCM City in March, lots of local and foreign investors have come to An Giang to seek opportunities and show high interest in the province’s IPs. The province granted licensed seven investment certificates for projects worth VND575 billion at Binh Hoa IP. The projects included a four-hectare concrete-mixer station of Phuoc Thanh Ltd. Co., a VND68-billion refrigeration and steel component project Delta AGF Investment and Construction Company and a US$13-million seafood processing factory by Taiwan’s GreenBank with an annual capacity of 19,000 tonnes of products per year. At Binh Long IP, the province granted investment licensed for four investors with a total investment capital of VND697 billion. As planned, several plants will be put into operation this year, including a water supply plant with a daily capacity of 2,000 cubic metres per day and an aquatic processing factory with a yearly capacity of 10,800 tonnes.

 

According to the industrial park management board, the province will focus on investment promotion in projects which are the province’s strength. An Giang will seek the government’s financial support for transport infrastructure construction as well as power and post and telecom infrastructure at some import traffic spots linking Ho Chi Minh City, Vietnam-Cambodia border gates TP.HCM and key economic areas. The locality will build an investment attraction programme and raise cadres’ investment promotion capacity along with implementing investment priority programmes to help investors in project implementation. It is also building human resource training centres to meet investors’ demand for labour force.