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|A raft of investment activity has taken place over the last year in An Giang province, and authorities are taking appropriate action for further support|
In January, Nam Viet Binh Phu Aquaculture Co., Ltd., a member of the privately-held Nam Viet Group, began its high-tech aquaculture project in Chau Phu district, encompassing over 600 hectares with total investment value touching VND4 trillion ($174 million).
This is one of the projects which were awarded investment proposal approval at the An Giang Investment Promotion Conference 2018. Similarly, a string of other projects which received investment certificates at last year’s conference have been in full tilt to speed up construction.
The solar power plants Van Giao 1 and Van Giao 2 in Tinh Bien district, both consisting of over 60ha space with an annual capacity of 50MWP, developed by Van Giao Solar Power JSC, and valued a combined VND2.28 trillion ($99 million) have launched.
A high-tech agriculture zone in Tri Ton district, developed by Lu Gia Green Agriculture Ltd., enjoying over 500ha space and valued at VND2 trillion ($87 million), commenced partial operation, with work continuing in other parts.
Hanh Phuc Rice JSC are in the land acquisition phase of their plan to build an export rice processing plant in Tri Ton district. The plant will cover an area of over 16ha, and is valued at VND1.1 trillion ($47.8 million).
Meanwhile, a high-tech 160ha seafood breed facility costing VND200 billion ($8.7 million) initiated by Viet Uc Tra Fish JSC is now under construction in Tan Chau.
According to An Giang Department of Planning and Investment, at the province’s major investment conference last December, the province conferred investment proposal approvals on 26 projects valued at a combined VND27 trillion ($1.17 billion).
Of the projects, two have commenced operation, whereas seven projects with a combined value of VND4.8 trillion ($210 million) have completed legal setup and are under construction.
Four projects worth VND3.7 trillion ($161 million) have completed land acquisition, have engaged in making land procedures, and are waiting for construction permits. Another 12 projects, valued at VND12.3 trillion ($533 million) are in the land acquisition and legal setup stage.
Ten other projects which had their investment undertakings signed at last year’s investment promotion conference, with total investment value amounting to VND105 trillion ($4.56 billion) have also reported positive performances.
Most investors are proactive in facilitating investment procedures with support from provincial leaders and local authorised management agencies.
According to Pham Thanh Nhon, deputy director of An Giang Department of Planning and Investment, after the success of last year’s event, the provincial management has paid close attention to increasing the pace of projects getting investment proposal approval and signing MoUs. At the same time, the relevant management agencies have been urged to take effective measures to make the province more appealing to investors.
Furthermore, the chairman of An Giang People’s Committee last year enacted Decision No.237/QD-UBND on the establishment of a working group to facilitate projects’ implementation in the province. He acts as head of the working group, with committee standing members acting as deputy heads.
Meanwhile, the working group’s members are leaders of relevant management agencies and chairmen of district and town people’s committees, whose major duties are facilitating projects’ execution and solving investors’ problems in a timely manner.
In addition, An Giang Department of Planning and Investment recently submitted Plan No.309/KH-UBND to the provincial People’s Committee, with the intention of supporting investors who plan to make inroads into the province.
Each particular agency has been assigned to certain phases in the investment process to aid investors effectively, oversee the projects’ implementation, and make periodical reports to the provincial leaders.
Under guidance from the provincial leaders, the three departments of Planning and Investment, Natural Resources and Environment, and Construction were directed to set up consultancy and support teams to help investors address issues.
“These achievements come from a strong commitment of the whole political system, as well as the message of An Giang government to investors: businesses’ success is the province’s success, therefore the province will do its utmost to accompany investors’ in the journey to success,” said Nhon.