PM lauds records in investment capital flows in Bac Lieu

PM Nguyen Xuan Phuc witnesses the province’s authorities granted investment certificates to 10 projects and investment licenses to more than 20 projects with a total investment capital of more than VND110,000 billion, Bac Lieu Province, January 30, 2018 - Photo: VGP/Quang Hieu

The PM suggested the province create a more favorable investment environment to attract more domestic and foreign investors and strive to achieve the set targets as it boasts huge economic and cultural potentials. 

Bac Lieu Province should promote green development in four pillars of agriculture with high-quality rice, aquaculture processing and production with the focus of shrimps, development of renewable energy and tourism, he said. 

The province needs to closely cooperate with the Mekong Delta and Ho Chi Minh City, especially enhancing connections with three neighboring provinces of Kien Giang, Soc Trang and Ca Mau, he added.    

The Government chief supposed that Bac Lieu Province must complete infrastructure, especially logistics service and the quality of human resources as well as establish a tourist eco-system and improve the quality of tourist services. 

To attract more investment, he asked the province to accelerate transparency and administrative procedure reform, heading to standards of the Organization for Economic Co-operation and Development (OECD) on the investment environment. 

The province should develop all kinds of businesses, especially small and medium-sized enterprises, co-operatives and enhancement of start-up among youths and make plans to attract large corporations to the province, he said. 

At the meeting, the PM witnessed the province’s authorities granted investment certificates to 10 projects and investment licenses to more than 20 projects with a total investment capital of more than VND110,000 billion. 

The renewable energy sector took the lead with VND 81,000 billion. 

By Thuy Dung