Prime Minister Nguyen Xuan Phuc attends an investment promotion conference in An Giang

Nam Viet Binh Phu Company invested VND 4,000 billion to raise 600 ha of catfish using high technology.

Prime Minister Nguyen Xuan Phuc visited the Ranee high-class cooking oil booth (products of Sao Mai Group)

(DTTCO) – This morning, December 15, in Long Xuyen City, An Giang Provincial People’s Committee held an investment promotion conference in 2018 with the theme “Opportunities opening – Successful cooperation”.

Prime Minister Nguyen Xuan Phuc attended and directed the conference. Attending the meeting were Mr. Le Hong Anh, former Standing Secretary of the Secretariat; Permanent Deputy Prime Minister Truong Hoa Binh; together with leaders of ministries, committees and central branches; leaders of provinces, many investors, domestic and international businesses…

At the conference, leaders of An Giang Provincial People’s Committee said: An Giang has had favorable conditions to develop agriculture with the output of freshwater rice and seafood in the group of the highest provinces in the country. The production of agriculture, forestry, and fisheries in 2018 is estimated at VND 42,785 billion, increasing VND 1,436 billion compared to that of 2017. Tourism resources of An Giang are diverse with many tourist sites and monuments designated a national level. In 2018, An Giang attracted about 8.5 million visitors to visit, travel, up 16.44% over the same period. In particular, international visitors were estimated at 100,000 people, up 33.3% over the same period. Total revenue from tourism activities reached VND 4,800 billion, increasing nearly 30%.

According to Mr. Huynh Van Thon, Chairman of the Loc Troi Group, An Giang province is creating many opportunities to attract businesses to long-term investment, especially in the field of agriculture and tourism. Loc Troi has considerable experience and ability in agricultural development, especially clean agriculture, high-tech agriculture and a strong will to cooperate with investors … with the goal of bringing An Giang agriculture to higher level.

Prime Minister Nguyen Xuan Phuc was seeing agricultural products in An Giang.

Speaking at the conference, Prime Minister Nguyen Xuan Phuc was happy to return to the legendary land with many historical and cultural values such as An Giang. The Prime Minister highly appreciated An Giang province in implementing to achieve 12/13 targets of 2018. An Giang has the highest growth in the last 3 years, with a budget of VND 6,000 billion. Poverty reduction is achieved as well as good training of human resources and good labor quality. The number of tourists has increased sharply, which leads people’s lives to a constant improvement…

An Giang has many successful corporations and businesses like Loc Troi with up to 1,300 engineers staying, eating, working together with farmers … or like Nam Viet Corporation, Sao Mai Group, Viet – Uc Group … are doing well on An Giang land, which shows that An Giang has a clear development orientation. Being the most populous province in the region and at the head of the Mekong River, the success of An Giang is very important. At this point, the province needs to attract many large enterprises to promote the development and branding, create more jobs for society. An Giang needs to pay attention to training the quality of human resources; promote regionalconnection. Agricultural advantages need to be promoted in the direction of cooperation and association.

An Giang provincial leaders gave investment decisions to representatives of Nam Viet Binh Phu Company.

Also at the conference, An Giang has successfully connected 26 projects awarded investment policy decisions with a total investment of over VND 27,600 billion while connecting opportunities for 5 proposals to memorize investment with total investment capital of over VND 35,500 billion and 4 investment memorandum with total investment of nearly VND 69,500 billion. In particular, leaders of An Giang province awarded the investment policy decision to Nam Viet Binh Phu Company (An Giang) to invest 600ha of high-tech Pangasius farming in Chau Phu district, with a capital of about VND 4,000 billion.

According to Mr. Doan Toi, Chairman of Nam Viet Corporation (Navico – An Giang), Navico’s Pangasius export situation is very advantegeous. It is expected that the export turnover will reach about 145-150 million USD in 2018. In November 2016, the Board of Directors of Navico decided to invest 540 billion dong to contribute 100% capital to Nam Viet Binh Phu Aquaculture Co., Ltd. This is a strategy to expand the farming area of Nam Viet and help ensure the supply of raw fish for the plan to expand the export market.

The company will carry out high-tech aquaculture activities to provide seed sources for catfish farming. Currently, Navico has a total of 330ha of farming area, supplying 95,000 tons of raw catfish each year and the capacity will be raised to 120,000 tons per year after Nam Viet Binh Phu comes into operation in the fourth quarter of 2019. In addition, Navico will enjoy tax exemption and reduction thanks to high-tech aquaculture.