Business

Sound investment climate makes Tra Vinh more attractive

Improvements in investment climate have made the Mekong Delta province of Tra Vinh more magnetic to investors, said a local official.
Sound investment climate makes Tra Vinh more attractive ảnh 1Long Duc Industrial Zone in Tra Vinh province (Photo: VNA)

Tra Vinh (VNA) – Improvements in investment climate have made theMekong Delta province of Tra Vinh more magnetic to investors, said a localofficial.

Chairman of the provincial People’s Committee Dong Van Lam said that theprovince lured 66 projects with total investment of 233 million USD in thefirst eight months of the year, up 17 projects as compared to the same timelast year.

The province is currently housing 274 valid projects, 236 of which have beeninvested by domestic investors with total capital of more than 101.6 trillionVND (4.37 billion USD), and 38 projects worth nearly 3.3 billion USD byforeigners.

Most of the projects are in agricultural processing, wind power, and shipbuilding.

According to Lam, the province has accelerated administrative procedure reformsto invite investors to land high-tech projects, and inject money into thefields of its strength.

Tra Vinh has announced preferential treatment for projects on high-tech shrimpfarming, eco-shrimp cultivation, processing and selling coconut-based products,fruit processing, ship building, and cultural and tourism site development,among others.

Accordingly, those who invest in these fields will enjoy various preferences inland policy, compensation, land clearance, infrastructure, recruitment andlabour training.-VNA 
VNA
# investment climate #Mekong Delta province of Tra Vinh #high-tech projects #preferences #administrative procedure reforms #Vietnam News Agency #Vietnamplus
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