An Giang province moves to lure further investment

An Giang province moves to lure further investment

The Mekong Delta province of An Giang will step up administrative reform, improve its investment climate, and enhance its competitive capacity to attract more domestic and foreign investment projects.
03:00, 15/04/2019
A view of An Giang. (Source:

A view of An Giang. (Source:

Director of the provincial Department of Planning and Investment Le Van Phuoc said that the province will focus on building a level playing field for both Vietnamese and foreign investors. They will receive preferences in tax and land lease, credit support, among others.

The provincial People’s Committee has maintained its weekly “business coffee break” model to dialogue with local enterprises, helping to remove bottlenecks in their operations.

An Giang is now calling for investment to 60 projects, with priority given to such sectors as high-tech agriculture, eco-tourism, resort tourism, the processing industry, and the support industry.

The province secured 795 billion VND (34.3 million USD) in 14 new projects in this year’s first quarter, including three in agriculture, five in realty, two in industry, and four in trade and service.

However, it drew no foreign direct investment (FDI) projects during the period. To date, the province is home to 37 valid FDI projects.

According to the Department of Planning and Investment, the province saw 177 newly-established enterprises with a total registered capital of nearly 1.45 trillion VND from the outset of the year, up 5.98 percent in the number of business but down 0.27 percent in terms of capital against Q1 in 2018.

From January to March, 29 companies completed dissolution procedures and 119 others ceased operations, dropping 6.45 percent and 0.83 percent respectively.

The number of enterprises in the locality now totals 9,544, which altogether registered a combined 57 trillion VND for their business operation.

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