Southern Bac Lieu is calling on domestic and foreign businesses to invest in key projects, especially in agricultural infrastructure.
The province has planned to develop its rural transport, irrigation, electricity and communication systems to serve local production and people’s daily life.
It will upgrade Ganh Hao port at a total cost of VND600 billion and build high-tech agricultural production zones valued at VND1,362 billion.
Nguyen Quoc Nam, vice director of the provincial Trade, Investment and Tourism Promotion Centre, said the province has offered a number of incentives for investors, such as financial preferences, land rental and corporate income tax, reduction and/or exemptions and employee training support. It has timely dealt with their difficulties to create the best environment for investors.
Despite difficulties, Bac Lieu province has achieved a relatively high economic growth rate of 11.87 per cent in the first half of this year.
Its industrial production value increased by 11.8 per cent to nearly VND1,600 billion.
The province harvested 346,100 tonnes of rice, up 13.38 per cent and 130,000 tonnes of aquatic products, up 18.6 per cent.