AusCham seeks investment opportunities in Hau Giang

The Australian Chamber of Commerce in Vietnam (AusCham) wishes to learn more about the southern province of Hau Giang and the investment opportunities within the province.

Phil Johns, National Executive Director of AusCham Ho Chi Minh City Office, made the remark at a working session with the People's Committee of Hau Giang province on June 26.

Phil Johns said that AusCham has signed several Memorandum of Understanding (MoU) with Nghe An province and also wishes to sign a MoU with Hau Giang province.

Vice Chairman of Hau Giang provincial People's Committee, Truong Canh Tuyen, informed AusCham about the socio-economic situation of the province, its potential, as well as the preferential policies enterprises would receive while investing in the province.

Tuyen said that Hau Giang is currently calling for investment in high technology agriculture and the processing industry of agricultural products, with the hope that AusCham will help to appeal to Australian enterprises to invest in these areas.

Hau Giang also wishes to co-operate with AusCham in seeking ODA investment from Australian enterprises in the areas of environment, climate change adaptation and health, Tuyen added.

In Hau Giang, cultivation accounts for 70% of the agricultural structure, while breeding occupies 20% and aquaculture accounts for 10%.

Regarding the industry sector, Hau Giang has two industrial zones and four industrial clusters which are attracting investment in seafood and food processing, as well as footwear production.

Investors will be given incentives in terms of corporate income tax, land tax and import tax for fixed assets, amongst others.

Source VNA