Tra Vinh strives to attract 2.6 billion USD in five years

The Mekong Delta province of Tra Vinh has set to attract about 59 trillion VND (2.6 billion USD) of investment in the 2016-2020 period, said a provincial official.

     Workers at Taiwan-invested My Phong footware company of Tra Vinh province. (Source: VNA)

Tran Anh Dung, Vice Chairman of the provincial People’s Committee, said that the province expects 960 billion VND from State businesses, 49.56 trillion VND from private enterprises and 8.4 trillion VND from foreign direct investment (FDI) sector. To fulfill the target, the locality will apply a number of measures, including fostering connection between authorities and businesses in investment promotion and calling for investment in transport, economic and industrial zone infrastructure. Tra Vinh will review and build support and preferential policies for investors, while creating a smooth, transparent and competitive investment environment and speeding up the administrative reform, he said. At the same time, it will create all favourable conditions for businesses to access capital and land, while implementing support policies for both enterprises and individuals during their investment and ensuring social security and order in the locality. Tra Vinh will also make public its land fund, detail planning, and prioritised projects to encourage investment, said Dung. Meanwhile, the province will improve the quality of training for labourers, especially those in rural areas, in addition to enhancing local officials’ capacity, he added. So far, Tra Vinh has attracted 48 projects with a total registered capital of more than 151 trillion VND (6.6 billion USD), including 16 FDI projects worth over 2.88 billion USD. Investors in Tra Vinh are mostly from Malaysia, the Republic of Korea, Japan, Canada and Taiwan (China).

Source: VNA