In the first quarter of 2025, An Giang province saw 291 businesses registered for establishment, with a total capital of VND 1,280 billion; 143 businesses resumed operations. Compared to the same period in 2024, the number of registered businesses increased by 7.78%, registered capital increased by 1.27%, and the number of businesses resuming operations increased by 18.18%. This shows that the investment and business environment in An Giang is improving, attracting businesses to invest there.
A recent example is the official commencement of construction by Vinh Thien Da Nang Co., Ltd. (a member of T&T Group ) for a hotel, shopping mall, and convention center within the mixed-use residential and commercial complex project (My Binh Ward, Long Xuyen City). The project covers 3.5 hectares, with a total investment of nearly 2,300 billion VND, and will be 20 stories high. It will include 260 hotel rooms in Tower A and 284 serviced apartments in Tower B, and will be managed by Hilton, a leading global hotel group.
Regarding the Vam Cong Industrial Park infrastructure development project, covering an area of 193.31 hectares with a total investment of VND 2,457 billion, the investor, T&T Group Joint Stock Company, was granted its initial investment registration certificate in 2024. The Long Xuyen City People's Committee is currently carrying out land compensation and clearance work to hand over the land to the investor.
Construction has begun on a hotel, shopping mall, and convention center project with a total investment of 2,300 billion VND.
For the expanded Dinh Thanh and Binh Hoa Industrial Parks, and the Binh Long Industrial Park, the An Giang Economic Zone Management Board is seeking approval to establish new or adjust the zoning plan as a basis for attracting investment and developing infrastructure to create clean land for attracting secondary investors. In particular, FDI projects are increasingly shifting to localities with low rental costs, abundant labor, and developing infrastructure, such as An Giang province, to boost industrial development within the province.
According to the Provincial People's Committee, to date, industrial parks and border economic zones in the province have attracted 47 projects, with 8 projects of 100% foreign capital, including: South Korea (3), Thailand (2), Singapore (1), Denmark (1), Taiwan (1) and 1 project with a South Korean foreign investor as a member, with a total registered investment capital of about 7,500 billion VND. The total leased land area is 148ha. Currently, there are about 19,000 workers working in enterprises in industrial parks and border economic zones.
Specifically, the Binh Hoa Industrial Park currently has 14 out of 18 projects in operation, providing employment for approximately 18,000 workers. One project is undergoing land lease procedures, and one project is under construction. The Binh Long Industrial Park has 8 out of 9 projects in operation, providing employment for approximately 1,029 workers. The Xuan To Industrial Park has 2 projects with valid investment approval decisions and investment registration certificates, one of which is under construction. The Tinh Bien International Border Gate area has 10 projects with valid investment registration certificates. The Khanh Binh Border Gate area has 6 out of 7 projects in operation, and one project under construction. The Vinh Xuong International Border Gate area has 1 project with a valid investment registration certificate.
T&T Group's Deputy General Director, Nguyen Anh Tuan, stated: “The commencement of construction on the Hotel - Commercial Center - Conference Center project affirms T&T Group's commitment to investment. This is also the result of sound leadership and management, creating a favorable environment to attract investment, and demonstrating the support of the Provincial Party Committee, the Provincial People's Committee, Long Xuyen City, and provincial departments and agencies. This iconic project, the first of its kind in Long Xuyen City, harmoniously combines Vietnamese cultural identity with global excellence. T&T Group's mixed-use residential, commercial, and service complex will create "A magnificent European street along the Hau Giang River," highlighted by a central square with a lotus flower symbol and a 5-star international standard hotel.”
“The Hotel - Commercial Center - Convention Center project invested by T&T Group is a clear example of the close cooperation between the local government and businesses in urban development and improving the quality of life for the people. An Giang is continuing to promote administrative reform, improve the investment and business environment, develop infrastructure, offer tax incentives, digital transformation, and improve its business environment index... to make the investment environment more attractive,” said Le Van Phuoc, Vice Chairman of the People's Committee of An Giang province.
Source: https://baoangiang.com.vn/an-giang-24-gio/thoi-su/an-giang-trai-tham-moi-goi-dau-tu-a418372.html
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