Nguyen Van Thang, vice chairman of the provincial People’s Committee, deliver the message at an investment promotion conference in Hau Giang on November 28. The conference is part of the first Vietnam Rice Festival held in the province the same day.

Introducing the province’s potential, Mr Thang said Hau Giang is located in the western part of the Hau River and it is famous for rice production, orchards, sugar plantation and aquaculture development.  

Hau Giang needs investment capital for agro-aquatic product processing projects for export, as well as investment in industrial and agricultural production and trade services, said Mr Thang.

He said the province has established industrial complexes along the Hau River and close to Can Tho City, which is very convenient for overland and waterway transport.

Five years after being split from a larger province, Hau Giang has attracted tens of thousands of billion of Vietnamese Dong to build infrastructure and invest in social development. It now houses nearly 1,500 enterprises and more than 400 investment projects capitalised at over VND40 trillion.

Deputy Minister of Planning and Investment Nguyen Bich Dat reminded the province to clarify investment incentives, focus on sustainable economic development projects and not license projects using obsolete technology. He also suggested that Hau Giang diversify investment sources and expand investment areas.

At the event, the provincial People’s Committee granted 11 investment and land rent licenses to investors with total capitalisation of over VND34.8 trillion.