Ample Opportunities to Invest in Hau Giang Province

12:52:31 PM | 25/5/2022

“Success of businesses is also Hau Giang’s success,” affirmed Chairman of Hau Giang Provincial People's Committee Dong Van Thanh at the press conference on Hau Giang Investment Promotion Conference 2022. This affirmation is a strong commitment of the provincial government to the domestic and international business communities doing business in Hau Giang province.

Speaking at the press conference, Mr. Tran Ngoc Hung, Director of Hau Giang Department of Planning and Investment, said, Hau Giang province has defined investment attraction as one of key solutions and leverages to boost socioeconomic development. It is expecting to draw more private and foreign investment funds to create a driving force for sustainable local socioeconomic development. The Provincial People's Committee will open the Hau Giang Investment Promotion Conference 2022 to introduce prioritized industrial, agricultural, urbanization and tourism projects seeking investment funds. In addition, the conference is a channel for trade and tourism promotion to recommend local potential strengths, and facilitate potential domestic and foreign investors to approach and study local investment incentive policies and mechanisms.

Regarding potential advantages for investment attraction, traffic to Hau Giang is very convenient, both by waterway and by road, he said. In order to create momentum for Mekong Delta economic development, the Government, the National Assembly and the Politburo have given top priority to transport infrastructure development here, especially expressways. According to approved plans, Hau Giang will have three passing highways (Can Tho - Ca Mau, Chau Doc - Can Tho - Tran De (Soc Trang) and Ha Tien - Rach Gia - Bac Lieu), opening up great opportunities for its investment attraction and economic development. With this golden opportunity and the Investment Promotion Conference in 2022, Hau Giang hopes to attract investors into its locally advantageous fields such as industrial zone infrastructure development, green industrial production, high-tech organic agriculture, urbanization and tourism. Licensed projects must be influential, high-tech and environmentally friendly. In addition, the province gives priority to renewable energy projects (e.g. wind power and solar power).

According to a report by the Ministry of Finance, Hau Giang was one of seven localities with the highest investment disbursement rate in the country in the first quarter of 2022. This result showed that Hau Giang had seriously carried out the Government's regulations on disbursement and determined accelerated disbursement of public investment as a key political task in 2022. The province is always open to welcome and actively support investors. After working with several large potential domestic corporations such as Him Lam Group and Novahome Group, Hau Giang launched a mission to study successful experience in investment promotion in the Northern region (e.g. to Bac Ninh, Bac Giang, Quang Ninh and Hai Phong) and successfully attracted some investors. This good sign is showing that Hau Giang's efforts to diversify investment promotion forms have brought practical effect.

Highlighting the province’s support efforts and commitments to investors, Chairman of the Provincial People's Committee Dong Van Thanh said that Hau Giang is attracting investment funds into locally strong fields such as agriculture, industry, urbanization, tourism and energy. The province always rolls out the red carpet to welcome and actively support and facilitate them to cooperate in business investment because their success is also the success of Hau Giang province. For that reason, the Provincial People's Committee decided to establish the Steering Committee for Investment Promotion and Support in charge of advising, and providing businesses and investors with necessary information on local investment; guiding and quickly supporting them to deal with investment administrative procedures; and promptly assisting them to tackle emerging difficulties.

“Through this Investment Promotion Conference, we expect investors to transparently and specifically approach local advantages, potential and key projects. The event also is an opportunity for the provincial government to show its strong will and determination to lead Hau Giang to a trajectory of rapid and sustainable development, to be a relatively developed province of the Mekong Delta and the whole country,” Chairman Dong Van Thanh stressed.

Hau Giang Province Investment Promotion Conference 2022 is scheduled for June 16-17, 2022 at the Provincial Convention Center. The Prime Minister is expected to attend and address the conference. The event will also receive representatives of central governmental agencies; representatives from Hanoi, Ho Chi Minh City and 13 Mekong Delta provinces and cities, and domestic and foreign companies.

The conference will include many large-scale activities including the Digital Transformation Week for Regional Economic Development in 2022; Hau Giang Trade Fair; and five workshops on Hau Giang potential and development investment opportunities in industry, agriculture, urbanization, tourism and information technology.

 By My Chau, Vietnam Business Forum