VietNamNet Bridge – International and domestic investors and enterprises gathered at a recent conference in Soc Trang to talk with local authorities about economic development in the province.
Chairman of the provincial People’s Committee, Huyng Thanh Hiep, told conference participants that Soc Trang Province had drafted development strategies and introduced new incentives to lure more investment.
At the conference held by the people’s committees of Soc Trang Province and HCM City, 350 representatives of investors and enterprises heard about local investment incentives as well as developmental priorities at the province’s industrial zone (IZ) of An Nghiep.
The province is offering to support projects in acquiring land for business, carrying out vocational training and transferring technology. In addition, the province also offers free guidance for investors on investment and enterprise establishment procedures.
One of the biggest attractions for investors are the province’s quick and easy business licensing procedures.
Investors in An Nghiep IZ can also save costs by taking advantage of some of the lowest land prices in IZs across the country.
According to the Department of Planning and Investment, Soc Trang is calling for 18 projects in the fisheries, agriculture, industry, construction, commerce and tourism sectors.
Authorities have prioritised projects on processing and growing agricultural products and producing fodder for fisheries.
All potential projects are provided with detailed information on local labour, materials supplies and markets.
There is already a project on building a fisheries fodder factory with a capacity of 30,000 tonnes per year to meet part of local demand, but with the province planning to expand the fisheries sector, this demand is predicted to rise substantially.
The province is also calling for investment in projects to build catfish processing factories aimed at the export market with capacity of 30,000 tonnes per year in Cai Con IZ.
Investment is also needed in construction of Tran De shipyard and in local export-quality vegetables growing and processing zones in An Nghiep IZ.