Ben Tre Province attracts more investments

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SaiGon GP English - 31 month(s) ago 6 readings

Ben Tre Province attracts more investments

The People’s Committee in Ben Tre Province on April 7 held a meeting to promote further investments and also to grant investment licences to six projects worth around VND1,100 billion (US$53 million).

Third Coconut Festival opens in Ben Tre Province (Photo: SGGP)

The six projects that were granted licences are in the processing, agricultural products, exports and transportation sectors. Four out of these six projects are foreign direct investment projects.

To date, An Hiep and Giao Long industrial zones have attracted 24 projects with total registered capital of VND6,000 billion ($288.5 million), of which 12 are foreign direct investment projects.

Currently, the province is calling for investments in eight hectares of land in the industrial zones.

In addition, the province also wants investments of about VND4,300 billion ($206.7 million) in seven industrial zones with more than 813 hectares.

Cao Van Trong, deputy chairman of the People’s Committee of Ben Tre Province, has pledged to create advantageous conditions for investors to develop infrastructure in industrial zones. The province will give support for 30 per cent of land acquisition costs and offer free land lease for 15 years.

Earlier, the third ‘Coconut Festival’ opened in the Mekong Delta province of Ben Tre on April 5. The six-day event provides a good opportunity for domestic and international coconut growers to showcase their brands, discuss investments and promote new trading partners.

Ben Tre Province has the largest area under coconut farming in the country, covering about 52,000 hectares. Last year, more than 400 million coconuts were harvested in the province.

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