Thursday, May 25, 2017 - 8:16:13

PM: Tra Vinh expected to become new trading centre

VNA Print

Prime Minister Nguyen Xuan Phuc meets foreign entrepreneurs at the investment promotion conference in Tra Vinh (Photo: VNA)

Tra Vinh (VNA) – With its fertile soil and great development potential, Tra Vinh province is expected to become a new centre for trading, aquatic product processing and high-value agriculture of the southern region and the whole country in the near future, said Prime Minister Nguyen Xuan Phuc.

PM Phuc made the remarks while addressing a conference promoting investment, trade and tourism in the Mekong Delta province of Tra Vinh on April 24, which saw the participation of central and local officials, along with representatives of hundreds of Vietnamese and foreign businesses.

He said that this prospect is achievable since Tra Vinh owns synchronous infrastructure, including National Highways 53, 54 and 60, and a big seaport capable of handling 20 million tonnes of cargo each year and receiving container vessels of up to 50,000 DWT.

Tra Vinh is located between the Tien and Hau Rivers, the two main branches of the Mekong River, which is convenient for connecting with other south-western provinces, Ho Chi Minh City and other countries, PM Phuc noted.

While there are certain advantages such as a long coast to develop wind and solar power, the local climate is also ideal for growing rice, coconut trees, sugar canes, peanut trees and fruit trees to provide materials for the processing industry.

The Government leader asked Tra Vinh to take breakthrough solutions and zone off industrial parks so that the industrial sector could serve agriculture and aquatic product processing while attracting investment in renewable energy development.

The province should help investors to gain a thorough understanding of local advantages, as well as cultural, historical and religious features, thereby capitalising on its agricultural, sea-based economic and tourism potential, he added.

The Government and provincial authorities want to listen to investors’ opinions so as to tackle obstacles hindering their operations, the PM stressed.

Chairman of the provincial People’s Committee Dong Van Lam said the province is offering a number of incentives for investors and will assist businesses during their operations here.

Tra Vinh has attracted 161 investment projects, including 32 foreign direct investment (FDI) ones. Twenty-two of the FDI projects have been put in operation, contributing 60 percent to Tra Vinh’s export revenues and providing jobs for more than 35,000 workers, he noted.

At the meeting, the provincial People’s Committee presented investment certificates and decisions to five Vietnamese enterprises and one foreign firm whose projects are worth 240.5 million USD in total.-VNA
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