Ca Mau moves to promote investment links with foreign countries
Authorities in the southernmost province of Ca Mau have exerted every effort to promote direct connections with trade and investment associations and organisations of countries investing strongly in Vietnam and the Mekong Delta region, according to Director of the Ca Mau Investment Promotion and Enterprise Support Centre (iPEC) Quach Van An.
Ca Mau power-fertilizer-gas complex (Source: camau.gov.vn)
Ca Mau (VNA) - Authorities in the southernmost province of Ca Mau have exerted every effort to promote direct connectionswith trade and investment associations and organisations of countries investingstrongly in Vietnam and the Mekong Delta region, according to Director of the CaMau Investment Promotion and Enterprise Support Centre (iPEC) Quach Van An.
Provincial authorities will work with organisations, businessassociations, and investors in a number of other localities nationwide and holddialogues with foreign partners to enhance connections and investment promotion,An said.
iPEC was assigned to monitor and support 38 investment projects in theprovince and provide assistance and consultation to investors exploring businessopportunities in the locality, he added.
Local authorities have created the most favourable conditions possible fordomestic and foreign enterprises and investors to study and propose investmentprojects in Ca Mau, notably those with experience and large resources such as TTC Group, FLC, TNG Holdings, Central Group, B.Grimm Power, Mitsubishi, andthe Japan External Trade Organisation.
He also mentioned the difficulties facing investment promotionactivities in the locality, adding that site clearance remains slow and administrative procedures are complicated.
As of last December, Ca Mau was home to 10 foreign-invested projects with total registeredcapital of over 393 million USD, and 343 domestic projects with over 121.9trillion VND (5.2 billion USD).
Of note, it has attracted 188 domesticprojects in the last five years with registered capital of over 50.3 trillionVND, up 75 percent in project numbers and 21 percent in capital compared to the2011-2015 period.
Thelocality is calling for investment in technical infrastructure development, especially in key projects, with the aim of creating momentumfor its socio-economic development./.
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Ca Mau power-fertilizer-gas complex (Source: camau.gov.vn) 
