Tra Vinh (VNA) – Improvements in investment climate have made the Mekong Delta province of Tra Vinh more magnetic to investors, said a local official.

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

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

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

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

Tra Vinh has announced preferential treatment for projects on high-tech shrimp farming, 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 in land policy, compensation, land clearance, infrastructure, recruitment and labour training.-VNA