Bac Lieu grants investment certificate to 13 projects worth $740 million

The investors received the investment certificates as part of Bac Lieu province’s Investment Promotion Conference “Bac Lieu: Potentials and Aspiration for Development,” organised on November 28.

One of the outstanding projects is a complex of a hypermarket, cinemas, restaurants and a food court, and an entertainment area invested by Central Retail with a total investment capital of $17.4 million. The construction of the complex, which covers an area of 25,000 sq.m, is set to start construction and open a mall in December of next year.

BEDA T&C JSC was granted the investment certificates for five real estate projects with a total investment of $442.17 million. Its projects combine housing and apartment segments in collaboration with eco-park, trading, and service areas.

Also, Kosy JSC was licensed to develop an urban project with a total investment capital of $63.04 million.

Chairman of Bac Lieu People’s Committee Pham Van Thieu has committed to creating the most transparent and fair investment environment for investors with the best incentives and the highest sense of responsibility.

Bac Lieu has called for investment in 195 projects in industry, agriculture, trade-housing, culture-sport-tourism, infrastructure, healthcare, education, and the environment.

The largest investment project registered to invest in the province is the $4 billion LNG Bac Lieu project, invested by Delta Offshore Energy Pte., Ltd. (DOE). The investor has completed almost procedures to start the construction of the project. However, DOE is facing difficulties in negotiating the power purchase agreement with EVN as the parties have yet to reach a compromise over the selling price of power and the power purchase volume.

Haiphong People’s Committee granted the investment registration certificate for three projects with the total capital of over $150 million following an investment promotion conference organised in South Korea.

From October 27 to November 4, Hanoi’s Investment, Trade and Tourism Promotion Delegation headed to the United States and Belgium to foster promotion activities after a long period of interruption.

A conference on the government's action plan for socioeconomic development and assurance of defence and security in the southeast region by 2030 will take place on November 26.