It is estimated that in 2024, Kien Giang province will grant investment registration to 14 projects, with a total registered capital of VND 6,512 billion; 13 projects will adjust investment capital, with a total investment capital increase of VND 23,365 billion.
According to the Department of Planning and Investment of Kien Giang, it is estimated that in 2024, the province will issue investment registration certificates for 14 projects, with a total registered capital of VND 6,512 billion. Compared to the same period last year, the number of projects increased 2.3 times, and the capital increased 5.5 times.
In addition, the province adjusted investment registration for 104 projects, including 13 projects with adjusted investment capital, with a total investment capital increase of VND 23,365 billion.
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| Kien Giang focuses on attracting investment in industrial parks and clusters. In the photo: Thanh Loc Industrial Park is located in Chau Thanh district, Kien Giang province. |
Up to now, Kien Giang province has granted investment policies to 746 projects to investors, with a total investment capital of nearly VND936,950 billion. Of these, there are 56 foreign direct investment (FDI) projects, with a total registered investment capital of nearly USD2.780 billion (44 projects have been put into operation, with a total registered capital of USD552 million). Of these, Phu Quoc Economic Zone Management Board has granted investment registration to 311 projects with a total registered investment capital of VND428,669 billion (of which, there are 35 FDI projects with a total registered capital of about USD163 million).
Regarding business development, it is estimated that in 2024, Kien Giang province will have 1,500 newly established enterprises (down 4% compared to the same period in 2023), with a total registered capital of VND 11,000 billion (down 35% compared to the same period in 2023), the average registered capital of a newly established enterprise is VND 7.3 billion/enterprise. The number of dissolved and revoked enterprises is 1,000, an increase of 1.3% compared to the same period in 2023. Up to now, the province has a total of 12,716 enterprises with a registered charter capital of VND 215,467.4 billion.
Despite positive changes, attracting investment in Kien Giang province still faces some obstacles such as: Planning and calling for investment are still slow, clean land fund is still limited, so it has not attracted many investment projects to the province, especially projects for tourism , trade, urban and industrial development. Some large projects have been approved for investment but are behind schedule or operating ineffectively, stopping production, which has had a certain impact on the investment environment of the province...
In 2025, Kien Giang province plans to attract investment in 9 projects, with a total registered capital of 16,500 billion VND; the disbursement plan for non-budget investment projects in the province is about 23,000 billion VND; the number of newly established enterprises is 1,500 enterprises with a total registered capital of 12,000 billion VND.
To effectively attract investment, Kien Giang has proposed many solutions; including identifying key projects in the coming time, with the goal of exploiting the potential and advantages of the locality, in line with the province's socio-economic development investment policy, building a list of investment attraction projects in 2025 and the period 2026-2030. Continuously review and update the project list to call for investment in accordance with new conditions, meeting development needs, focusing on projects with the province's strengths to call for and attract potential investors.
Continue to synchronously and effectively implement appropriate policies and solutions to support people, businesses, and workers, especially small and medium-sized enterprises, to overcome difficulties, quickly restore and develop the socio-economy; simplify administrative procedures, improve the investment and business environment, focus on resolving bottlenecks and shortcomings, and create conditions for investors to implement investment projects.
Along with that, promote and attract investment in industrial parks and industrial clusters with advantages in the province. Especially attract investors to build and operate infrastructure of industrial parks and industrial clusters, secondary investors with capacity and experience to invest in Thanh Loc, Thuan Yen, Xeo Ro Industrial Parks, Long Thanh Industrial Cluster, Ha Giang Industrial Cluster, etc.
Source: https://baodautu.vn/kien-giang-thu-hut-von-dau-tu-29877-ty-dong-trong-nam-2024-d231476.html
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