Following Governor Corazon N. Malanyaon’s historic meeting with His Excellency Vuong Dinh Hue, President and Chairman of the National Assembly of Vietnam, for the proposed sisterhood agreement with Hau Giang province in Vietnam, Davao Oriental Governor Corazon Nuñez Malanyaon recently brought foreign investors to the province of Davao Oriental to personally showcase Davao Oriental’s investment potentials.
During a three-day Investment Tour on November 26–28, 2022, Governor Malanyaon toured the foreign investors, mostly Chinese Nationals led by Mr. Donny Yeung of the Yeung Marine Holdings, Inc., to the two Congressional Districts of Davao Oriental to explore potential investment areas and partners.
The group, who are interested in investing in agri-fishery and renewable energy, visited on their first day the municipalities of Banaybanay, Lupon, and some parts of the City of Mati, wherein they explored rice farms, a fish pond owned by Sangguniang Panlalwigan Board Member Sheila Go, and a vannamei farm. The investors also took the time to discuss with the local farmers about their operations and their investment bids in these towns.
On Day 2, Mati City hosted the group on a tour of the city’s enterprise hubs, which include the Dairy Box Processing Plant and Marketing Outlet, the Mati Dressing Plant, and Tierra Anselma Aqua Farm owned by the Gamalong Family.
The group also went to Mati City’s Fish Port, which is expected to be completed by the end of 2022. Mayor Michelle Rabat of Mati, who led the city’s investment presentation, expressed her enthusiastic support for these endeavors to achieve phenomenal growth and for more developments not only in Mati but also throughout Davao Oriental.
The third and final day of the Investment Tour began with a visit to a catfish farm in San Luis, Caraga operated by the SALUFA cooperative. The team then proceeded to the sprawling 13-hectare vannamei Aqua Farm in Baganga, Davao Oriental owned by local entrepreneur Mr. Raul Tambilawan.
The Local Governments of Baganga and Cateel presented their investment profile to entice the visiting investors to make further investments in their localities. The group also visited the Cateel River and Aliwagwag Falls in Cateel, both of which are excellent sources of renewable hydroelectric energy.
𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀’ 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲𝘀 𝗮𝗻𝗱 𝗣𝗹𝗮𝗻𝘀
Mr. Donny Yeung, representing the group of visiting foreign investors, presented possible investment ventures that their group is willing to undertake in the province during the Governor’s Night held at the Provincial Tourism Complex on November 26, 2022.
His company, Yeung Marine Holdings Inc., a group of companies of five major business entities, is keen on bringing multisectoral business ventures to the Province of Davao Oriental with a focus on scalable sourcing of high-quality seafood and developing renewable energy sources for a more sustainable food chain value.
His team underscored the great potential of the province for Solar Farming in which the team bared plans to simultaneously put into play a 3-year scheme of renewable energy projects that would include solar and hydropower.
Their sustainable food chain supply chain projects include irrigation, aquaculture, livestock, and poultry farming. All these said projects employ sustainable practices for the benefit of the environment and the local manufacturers as well.
Mr. Yeung thanked Governor Corazon Malanyaon and the entire Provincial Government, as well as the Local Government officials who set in motion and participated in this endeavor. He and his team emphasized that they are eager to see these efforts bear fruit and support Governor Malanyaon’s initiatives to provide a more sustainable life and a better future for the people of Davao Oriental.
Governor Malanyaon reaffirmed the foreign investors from China and Hongkong with ties from Vietnam, of how equipped and capable her province is for more projects and investments. The governor indicated that her status of confidence is motivated by the recent declaration of Davao Oriental, together with the entire Davao Region, as an “investment and tourism-ready destination,” as well as the province’s pronouncement as “insurgency-free.”
Governor Malanyaon also reiterated her mandate to ensure the ease of doing business in all aspects of government services in order to entice more investments in the province. This, combined with the implementation of convergence initiatives between government units and agencies to expedite development projects. By Francis Moyoko Butulan | Photos by Mark Oliver Alvite
