Southern Vietnam province Kien Giang seeks private investment for 40 key projects

The Mekong Deleta province of Kien Giang has announced a list of 40 projects calling for private investment in 2025, with total capital of over VND226.7 trillion ($8.7 billion).

The projects span infrastructure, marine farming, industry, and tourism. Notably, the province is inviting investment in 12 major projects tied to the 2027 APEC Economic Leaders' Meeting in the island city of Phu Quoc, including a project to expand Phu Quoc International Airport and another to build the APEC conference center.

In a project worth VND22 trillion ($844.16 million), Phu Quoc International Airport will be expanded to cover 1,050 ha and meet category 4E of the International Civil Aviation Organisation (ICAO), capable of serving 18 million passengers per year.

Meanwhile, the APEC conference center is expected to have total investment of VND21.86 trillion and cover 28 ha, featuring a 3,500-seat convention centre, a 3,000-seat press centre, and accompanying facilities.

Eight hi-tech marine farming projects are on offer, such as pearl farming connected with marine ecosystem services and multi-crop aquaculture in Phu Quoc city, Ha Tien town, and Kien Hai district.

Kien Giang is also seeking investors for 13 industrial and processing projects, including rice and seafood processing, animal feed production, farm produce and forestry product processing, and biochar production.

Meanwhile, seven other projects have been proposed by investors, with six in Phu Quoc, including an electric train line, two roads, an international seaport, an eco-tourism and resort complex, and a 36-hole golf course.

Kien Giang is prioritizing environmentally friendly and hi-tech investments generating high value added. It is stepping up efforts to attract strategic investors through business associations, international organisations, investment funds, and influential persons.

The province is making efforts to improve its business climate, tackling hurdles to projects, offering incentives, and expanding international partnerships.

It hopes that the new projects will give a strong boost to economic growth, generate jobs and stable income for locals, improve infrastructure, and better the life quality for residents.