Investors in Hau Giang will enjoy many preferential policies. — Photo qdnd.vn Phuc Xuyen Co Ltd has sought an opportunity to build a canned juice processing factory in the southern province of Hau Giang. At a meeting with the local authority, company director Doan The Xuyen said his company was planning to invest VND170 billion (US$7.5 million) to build the factory on an area of 30,000sq.m. The factory would have a maximum designed capacity of producing 10,000 tonnes of canned juice per year, with inputs being fruits from the Mekong Delta provinces, especially pineapples. Besides serving the local demand, the company expects to export five to 10 containers of canned pineapples, condensed fruits and juices to EU and US markets, Xuyen said. Nguyen Huu Nghia, director of the provincial Department of Planning and Investment, said the investors would enjoy preferential policies such as land tax exemption from seven to 11 years, corporate tax exemption for at least two years and import tax exemption for production machinery and equipment. Xuyen said the Mekong Delta region was the country’s hub of tropical fruits. Hau Giang particularly had intensive farming areas producing high-value products. He suggested the province support enterprises in applying science and technology in production and in doing research and development to bring more added value to products. Nguyen Van Dong, director of the Department of Agriculture and Rural Development, said the province’s fruit cultivation covered an area of 39,800ha, with the production output reaching 324,470 tonnes. Of the total area,… [Read full story]
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