Over the past years, Hau Giang has implemented a number of steps to attract investment, the official said, adding the province would spare no effort to address the existing shortcomings and improve the local business climate in a more drastic fashion.
Vo Tan Thanh, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) and Director of the VCCI, Ho Chi Minh City Branch, stated Hau Giang possesses huge potential in terms of its labour force, while asking the province to change its mindset in making use of the labour force from exploiting the low labour costs to improving the quality of human resources.
Hau Giang should also focus on the fields of comparative advantages, specifically high-tech agriculture and eco-tourism, and issue policies to encourage firms to invest in these two areas, Thanh added.
At present, the Mekong Delta province is calling for investment in industry, handicrafts and small industry, commercial services, tourism, agriculture, and fisheries.
Once investing in Hau Giang, enterprises will enjoy the optimal incentives concerning corporate income tax, import tariffs for machines and equipment, ground rent, water surface rent, and the costs for changing the land use purpose in specific circumstances.
