Business

Tien Giang province secures additional 5.4 trln VND in investment

The Mekong Delta province of Tien Giang lured 5.4 trillion VND (233.7 million USD) in two projects in its industrial parks during January-February, or 19.65 times higher than the same time last year, according to deputy head of the provincial management board for industrial zones Nguyen Thanh Liem.
Tien Giang province secures additional 5.4 trln VND in investment ảnh 1Soai Rap Industrial Park in Tien Giang province
(Photo: baodauthau.vn)

Tien Giang (VNA) – The Mekong Delta province of Tien Giang lured5.4 trillion VND (233.7 million USD) in two projects in its industrial parksduring January-February, or 19.65 times higher than the same time last year,according to deputy head of the provincial management board for industrialzones Nguyen Thanh Liem.

By February, the locality had attracted 101 investment projects in itsindustrial parks with total registered capital of 47.81 trillion VND (2 billionUSD), he said, adding that total land lease now reaches 529 hectares,accounting for 69.15 percent of total area offered at local industrial parks.

The province is home to four operating industrial parks in the province, namelyMy Tho, Long Giang, Soai Rap and Tan Huong. Of which, My Tho and Tan Huong arenow fully occupied.

As the province expects to attract ten more projects in the remainingindustrial parks in 2019, local authorities are working to improve businessclimate, simplify administrative procedures, provide online public services aswell as complete infrastructure at the parks to facilitate investors’operations.

Besides, it will remove bottlenecks for local firms, helping them run effectivebusiness and contribute more to local socio-economy.

In the two-month period, companies in the local industrial parks reported atotal industrial production value of more than 12.29 trillion VND (531.9million USD), 14.56 percent higher than that of the same time in 2018.Meanwhile, their export revenue increased 8.06 percent to 423 million USD.

This year, the firms target 77.36 trillion VND (3.35 billion) in industrialproduction value, and more than 2.74 billion USD in export turnover.-VNA  
VNA
#Mekong Delta province of Tien Giang #industrial parks #two projects #5.4 trillion VND #management board for industrial zones #administrative procedures #online public services #local socio-economy #Vietnam News Agency #Vietnamplus
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