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Kien Giang looks to attract projects worth 182 million USD

The Mekong Delta province of Kien Giang aims to secure investment in six projects covering a total of 69ha, with a registered investment capital of approximately 4.3 trillion VND (182.2 million USD) in 2023.
Kien Giang looks to attract projects worth 182 million USD ảnh 1A luxury resort space in Ganh Dau commune, Phu Quoc city. (Photo: VNA)
Kien Giang (VNA) – The Mekong Delta province of Kien Giang aims tosecure investment in six projects covering a total of 69ha, with a registeredinvestment capital of approximately 4.3 trillion VND (182.2 million USD) in2023.

The province also strives to disburse capital out of budget to implementprojects at about 24 trillion VND.

Chairman of the provincial People's Committee Lam Minh Thanh emphasised thatthe province is focused on completing the planning of Kien Giang province inthe 2021–30 period, submitting it to the Government for approval and announcingthe plan according to regulations.

The province will review, update and supplement the list of projects callingfor investment of non-budget capital in the 2021–25 period to serve as a basisfor promoting investment attraction and granting a new decision to approve thepolicy for project investment.

The province will implement preferential policies to attract investment.

In addition, functional sectors will strengthen inspection and supervision ofoff-budget investment projects in association with urging investors to start theimplementation of projects which have completed investment procedures, landallocation and construction permits and speeding up the construction progressof ongoing projects.

The province will also promptly remove difficulties and obstacles for projectsdue to land acquisition by the State, speed up the progress of compensation andsite clearance, and allocate land to investors to implement projects that arestill behind schedule, especially projects in Phu Quoc city.

In addition, if investors prolong the implementation time, the provinceresolutely withdraws the project's policy, per regulations.

By the end of last year, the province had withdrawn 294 projects, with a totalarea of more than 11,866ha.

The province issued nine new decisions approving investment policies andregistration certificates, with a total area of more than 131ha and a totalregistered investment capital of over 8.38 trillion VND last year.

Compared to 2021, the number of decisions was reduced by eight and totalregistered investment capital increased by more than 5.3 trillion VND.

The province has attracted 775 projects, covering about 32,510ha, with a totalregistered capital investment of more than 606.9 billion VND.

According to the Vietnam Federation of Trade and Industry (VCCI), in the fieldof investment attraction, Kien Giang province is third in the Mekong Delta,only after Long An province and Can Tho city.

However, attracting investment and implementing projects in the province hasnot met the investment needs and exploited the full potential and advantages ofthe province.

A provincial leader pointed out that solving administrative procedures andcoordinating between departments, branches and localities in supporting andremoving difficulties for investors are still slow and time-consuming,affecting the project implementation progress and the number of newconstruction projects.

In addition, the implementation of compensation and site clearance faces manydifficulties. Therefore, the handover of the site to investors is prolonged.Some projects have had to adjust their completion schedule many times./.
VNA

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