- 28 July 2021
25% of public investment capital disbursed by Hau Giang
In 2021, the total planned detailed allocation of public investment capital to projects in Hau Giang province is VND 2,232.68 billion. In the first five months of this year, the total executed volume was 570,88 billion VND, reaching 25.57%, decreases 10.71% over the same period. Disbursed value was 553,96 billion VND, 24.81%, reduce 11.43% over the same period.
Hau Giang is trying to improve the investment and business environment. Hau Giang currently has two industrial zones and eight industrial clusters with an occupancy rate of 50%. To attract investment and develop enterprises, the province has issued many preferential policies, such as exemption and reduction of corporate income tax, exemption and reduction of land rent, tax rate exemption and decline, and support for technical infrastructure development. At the same time, implementing many policies and solutions to mobilize and attract investment resources, promote responsibility, improve authorities’ management and administration capacity at all levels, build many dialogue channels with businesses, investors, and people.
Many people think that although Hau Giang has potential advantages for industrial development, especially processing. But the water transport system and infrastructure are not developed properly. The local government also realizes that issue, so Hau Giang will focus on investing in infrastructure for industrial development and preferential policies to attract investors.
Mobilizing resources, increasing budget expenditure, enlisting the support of the Government and international organizations to implement well the work of investment preparation, infrastructure, creation of a clean land fund, planning, and construction. Material areas to support and create the most favorable conditions for investors. Review and adjust master plans on land use, or investment locations for the list of projects attracting investment of the province, ensuring that land conditions are met for investors to deploy the project. Formulate a Human Resource Development Program for the period of 2021 – 2025, priority is to strongly attract high-quality human resources with ethical qualities, dedication, capacity, and qualifications to meet requirements in the coming new situation.
According to the People’s Committee of Hau Giang province, in Q1/2021, investors focus on completing administrative procedures, so the disbursement value is not high. Following the direction of the Government, the province is accelerating the disbursement of capital to achieve the set target.