Vinh Long lures VND48 trillion in key investment projects

My Thuan bridge. (Illustrative photo: truyenhinhdulich.vn)

The Vinh Long provincial Department of Planning and Investment has confirmed the information, adding that the 2019 investment promotion conference, themed “cooperation for sustainable development”, is slated for August 15.

At the event, the southern province plans to call for investment into 42 portfolios with a focus on agro-industrial production, tourism, housing, and education.

Nguyen Khac Nhu, deputy head of the provincial Department of Planning and Investment, said the conference aims to highlight the advantages and investment incentives which Vinh Long can provide for prospective investors.

Priority would be given to attracting capital into investment projects that act as the driving force of local socio-economic development, particularly those in the fields of ecological urban areas, trade and services, and entertainment.

Vinh Long will strive to drum up additional interest from private domestic firms and foreign investors in private investment projects, Nhu noted. In addition, the opinions and proposals of investors will be collected and reviewed so that the province could make proper adjustments to its socio-economic development plan.

In recent years, the province has been named among the top ten localities nationwide in terms of Provincial Competitiveness Index (PCI).

At the 2018 investment promotion conference, it granted investment permits to 32 projects totally valued at VND24 trillion (US$1.03 billion). Half of these projects have been completed and have seen investment procedures executed.