DPRK delegation seeks investment opportunities in Hau Giang

Meeting Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Tran Cong Chanh on October 28, Minister Ri Ryong-nam said the visit is to seek business partners and foster friendship between the two countries.

The Hau Giang leader said the province is agriculture-reliant with 80 percent of its population living on farming. With 80 percent of land area used for farming, the province produces more than 1 million tonnes of food each year, including over 600,000 tonnes of rice.

Home to two industrial parks and four industrial clusters, Hau Giang has attracted enterprises operating in thermal power and paper plants, seafood processing, and beverages.

The province is compiling a list of projects calling for domestic and foreign investment, focusing on farming, trade-services, health care, environment, education-training and vocational training, he said.

During the stay, the DPRK delegation visited several fish farms in Nga Bay township and Vi Thanh city, the Casuco sugar plant and surveyed the local fisheries sector which produces and processes 1,900 tonnes annually.