Over US$2 billion committed to invest in Vinh Long

Friday, 2019-08-16 11:34:42
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Secretary of Vinh Long provincial Party Committee Tran Van Ron grants investment decisions to investors. (Photo: sggp.org.vn)
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NDO – Over VND47 trillion (US$2.02 billion) and US$51 million were pledged by domestic and foreign investors to invest in the Mekong Delta province of Vinh Long at the Vinh Long Investment Promotion Conference held in Vinh Long City on August 15.

The event entitled “Cooperation for sustainable development” was jointly held by the Ministry of Foreign Affairs, the Ministry of Planning and Investment and the People’s Committee of Vinh Long province.

Addressing the conference, Deputy Minister of Planning and Investment Vo Thanh Thong said that Vinh Long is always in the top 10 provinces with high competitiveness due to efforts of administrative reforms and transparencyin management activities.

Thong noted that the province has a favourable geographical position in the Mekong Delta region with a stable business environment, favourable natural conditions, and high potential tourism.

In addition, when the Trung Luong - My Thuan expressway opens to traffic next year, the province will have even better conditions to take advantage of its potential and strengths, Thong added.

At the event, the People’s Committee of Vinh Long province granted investment decisions and investment certificates to six projects, worth a total ofVND99.6 billion (US$4.2 million) and US$52 million. The province also signed six Memoranda of Understanding (MoU) with investors, worth over VND46.9 trillion (US$2.01 billion).

Vinh Long province also introduced a list of 46 projects to call for investment in the 2019-2020 period, worth approximately VND32.3 trillion (US$1.38 billion).