Ca Mau seeks to woo investors

Nguyen Tien Hai, chairman of Ca Mau Province, said the local government would continue creating a transparent and favorable business and investment environment for domestic and international investors doing business in the southernmost province. To do so, provincial authorities will further invest in infrastructure, step up training for workers, and streamline administrative procedures among others, Hai told the conference “Ca Mau – Potentials and Investment Opportunities” organized in HCMC last week.

 

“Investors in the province will be offered the most favorable conditions for implementing their projects successfully,” Hai stressed.

 

With this investment promotion conference, Ca Mau wants to appeal to investors at home and abroad to explore business opportunities in the province.

 

Hai said investment processes and procedures would be transparent so as to facilitate business and investment activities.

 

The province will offer specific support policies such as site clearance for projects, and infrastructure facilities like roads and power systems in industrial parks.

 

The provincial government will also offer the lowest possible land rent that can be collected by installment or via deferred payment to ease capital pressure on enterprises.

 

In addition, investors will be assisted in investment and trade promotion, technology transfer, access to credit, and human resource training. Local authorities would promptly act on feedback and complaints from investors to resolve them, or report them to competent authorities in a timely manner.

 

Notably, Hai said, provincial leaders would hold regular meetings and direct dialogues with businesses to address their difficulties.

 

At the conference, the province invited potential investors to consider projects in agriculture, industry, trade and services, tourism, infrastructure in economic zones and industrial parks, and traffic infrastructure.

 

A major project awaiting investors is the Hon Khoai seaport project that has been approved in principle by the Government. The port should be developed to a capacity able to handle 250,000-DWT vessels. Hon Khoai Port will help create a major international sea route to neighboring countries such as Singapore, Malaysia, Indonesia, Thailand and Japan.

 

At the conference, leaders of Ca Mau Province inked five memorandums of understanding with investors for building two shopping malls, a wind farm and other projects, and awarded some investment and business registration certificates.

 

This year, the province has awarded investment certificates for 30 projects capitalized at over VND6 trillion. Currently, the province has 205 investment projects in manufacturing and trading with total registered capital of around VND83 trillion.