The Mekong Delta province of Tra Vinh has attracted 13 domestic and foreign projects to Long Duc Industrial Park and other economic zones with registered investment of 25.6 trillion VND (over 1.17 billion USD) so far this year.

According to the Centre for Investment Promotion and Business Support under the provincial Department of Investment and Planning, a highlight is a 120 million USD wind-power plant project by the Republic of Korea (RoK). Other projects will produce clothing, footwear, seafood, agricultural products and automotive electronics for export.

The locality has adopted various investment incentives to improve the local business environment, such as a 30-100 percent reduction in business registration fees, reductions on land rent rates and fees paid for the use of infrastructure, and 2-7 years of corporate income tax exemptions plus a 50 percent reduction of income tax in the next 6-7 years.

Firms with over 500 permanent employees will be financially supported in staff training.

Thanks to its efforts, the province has been home to about 150 investment projects, including 30 foreign ones with a total investment of 303 million USD.-VNA