Soc Trang to host major investment promotion conference

The major investment promotion conference will take hold in Soc Trang city

Early this week, Deputy Chairman of the Soc Trang People’s Committee Ngo Hung chaired the press conference on Soc Trang’s upcoming 2018 investment promotion and startup launch conference.

Accordingly, the event will take place on June 19 in the city of Soc Trang, attracting an estimated 500 participants, including representatives of diverse government agencies, foreign diplomatic organisations, domestic organisations working in finance-credit and investment and trade promotion, business associations, as well as domestic and foreign investors. Significantly, Prime Minister Nguyen Xuan Phuc will also address the conference.

According to the Organising Committee, the event aims to increase exposure of the province’s socioeconomic achievements, potential, advantages, and investment incentive policies, while calling for investment from home and abroad, striving for fast and sustainable development. The occasion also provides a platform for government and provincial leaders to directly meet investors and businesses wishing to invest in the province.

In the framework of the conference, provincial leaders will approve the investment proposals of several projects and will host the launching ceremonies of several major projects. Besides, the event will hail the launching of the provincial startup movement as well the establishment of Soc Trang's startup community.

According to deputy director of the Soc Trang Department of Planning and Investment Pham Tien Hai, the province has approved the provision of investment certificates and proposals and memoranda of understanding (MoUs) on investment cooperation for 47 projects valued at a total of VND122.8 trillion ($5.45 billion).

This includes VND22.646 trillion ($1 billion) of committed investment certificates and proposals and VND100.234 trillion ($4.45 billion) on committed MoUs.

Due to the time limit, the conference will only see investment certificates and proposals given to 11 projects valued at $143 million in total registered capital and 13 MoUs valued at $1.66 billion, while six projects will receive credit contracts worth VND420 billion ($18.6 million).

In the upcoming conference, Soc Trang will prioritise calling investment into 83 projects in diverse fields the province has distinct advantages in, such as renewable energy, high-tech agriculture, building infrastructure in the province’s industrial zones and industrial clusters, construction, trade and services, tourism, transport, and building markets and supermarkets.