|
Give guests royal treatment and investors will flow to Tien Giang
Tien Giang province, is looking for external investors after it put $10.6 billion into developing facilities for business.
Tien Giang is the second locality in Vietnam, after Binh Dinh, that has organized an investment promotion conference in 2010. It introduced 117 projects with a total tentative investment capital of 10.6 billion dollar (192,095 billion dong).
Investors still thirsty for information
According to Tran The Ngoc, chairman of Tien Giang Province, the capital sum would be disbursed between now and 2020. These include 10 projects which are now under investment consideration, capitalized at 96,450 billion dong and 107 projects now calling for investment, totaling 95,465 billion dong.
Now, in 2010, Tien Giang hopes to successfully attract 20 percent of the investment capital it is calling for.
Nguyen Duy Quoc Tung, Deputy Chairman of Vinh Long Seafood Company, said that he came to the investment promotion conference to seek to understand about the investment incentives for energy production. However, the investor still could not get more information about the field.
Deputy Minister of Planning and Investment Dang Huy Dong said that the question his ministry always receives from investors is “which fields do you want us to invest in?”. Therefore, Dong said, carrying out administrative reforms also means introducing investment projects with all the requisite information needed by potential investors.
Dong cited a typical example to show the effect of good information. A Japanese investor, after receiving good information about a project in the north with initial investment capital of 230 million dollar, successfully persuaded the parent group in Japan to make an investment in the project with a capital of 450 million dollar.
Give royal treatment to guests, and investors will come
Tung from Vinh Long Seafood Company said that his company plans to invest in a biological oil factory that makes recreation energy in Tien Giang. The project is expected to cost tens of millions of dollars. Tung said that his company will consider tax incentives, procedures and clean land fund in Tien Giang to decide whether to invest here. However, he stressed that the treatment of the province will play an important role in the investor’s decision.
“I think that government agencies in Tien Giang need to establish good relations with investors to make them think that Tien Giang really is the place the investors want,” Tung said.
Deputy Minister of Planning and Investment Dang Van Dong noted that the site clearance and clean land fund will also be the important factors for investors to consider. The land fund in industrial and commercial hubs of HCM City, Ba Ria-Vung Tau and Binh Duong is running out. Therefore, Tien Giang will become the new destination for a new wave of investment.
According to Thai Van Xuan, Investment Director of Phuong Trang Transport Services and Real Estate, his company wants to invest in two industrial zones of Gia Thuan and Binh Dong. However, defining land prices for compensating for site clearance remains a problem. Xuan said that local authorities need to set up reasonable policies to help investors and people reach a common voice in the issue.
The Prime Minister in 2009 approved the master plan on socio-economic development of Tien Giang from now till 2020 to create a foundation for the province to become a developed socio-economic locality which can make its contribution to the development of the Mekong Delta.
“I suggest setting up a finance centre in Tien Giang province and selecting some outstanding enterprises to access the capital market which will serve billion-dong investment projects in the future. We commit to fund 2,000-3,000 billion dong for the calling investment projects in Tien Giang”.
Chairman of Sacom Finance Group Dang Van Thanh
Khanh Vy
vietnamnet
|
