Hong Kong firm to invest in Hau Giang

Deputy Chairman of the provincial People’s Committee, Nguyen Van Tuan (R) at a meeting with Dragon Joy on Tuesday. — Photo baohaugiang.com.vn Hong Kong-based company Dragon Joy International Engineering is planning to invest in a steel rolling mill project and a solar power project in the southern province of Hau Giang. Hau Giang Province People’s Committee on Tuesday discussed the investment opportunities with Dragon Joy. The steel rolling mill, with a capacity of 150,000-200,000 tonnes per year will produce steel ingots, steel bars and steel wire for the Cuu Long (Mekong River) Delta market. The solar power project will have an investment capital of VND1.1 trillion (US$48.3 million) and a capacity of 66,000MW per year. Deputy Chairman of the provincial People’s Committee, Nguyen Van Tuan, said the southern province aimed at attracting investments to promote industrial production while protecting the environment. Tuan said Hau Giang authorities had pledged to create favourable conditions for the investors. Till date, the province has attracted 489 projects with domestic investment worth VND123.4 trillion and 29 projects with foreign investment worth $809 million. Dragon Joy has nine subsidiaries and seven joint ventures in four major businesses, including real estate, finance, industry and international trade. — VNS

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