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You are here: Home / Investing / Soc Trang’s efforts make it a new investment hub

Soc Trang’s efforts make it a new investment hub

June 17, 2018 vir Leave a Comment

Soc Trang’s leadership receive representatives from Japan’s Mitsubishi Corporation A lucrative target for investors Last year, the province met with and presented investment opportunities to 148 investors with projects in wide-ranging fields such as high-tech agriculture, industrial zone (IZ) and industrial cluster (IC) infrastructure development, hospitality industry, renewable energy, and others. This was an 85-per-cent jump on-year in the number of projects, reaching 242 per cent of the full-year plan. The province granted investment certificates and approved proposals of 29 projects, an increase of seven projects compared to the previous year, valued at more than VND4.15 trillion ($184.4 million), a 3.5-fold increase compared to 2016. The situation remained positive in the beginning of this year. As of May 31, Soc Trang had welcomed 60 investors seeking investment opportunities in 72 projects in the province, a 45-per-cent jump on-year. Twelve projects valued at VND2.806 trillion ($124 million) were given investment certificates and had their proposals approved during the period. Notably, major local and foreign players have landed in the province in increasing numbers. Some large-scale projects have been set in motion, including building a trade centre and an urban entertainment complex in the city of Soc Trang, developing high-tech agriculture and eco resorts in several provincial areas, and building a milk processing plant and high-tech dairy cow breeding zone, to name but a few. In addition to domestic investors, foreign businesses from all over the world have been flocking to the province. Eminent examples are Tata Group from India; C.P Vietnam… [Read full story]




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