Tien Giang takes steps to attract more investment

The Mekong Delta province of Tien Giang is soliciting investment in clean industry projects and high added-value projects that use modern technologies and are less labour-intensive, according to the provincial Department of Planning and Investment.
Tien Giang takes steps to attract more investment ảnh 1A corner of Tien Giang (Photo: VNA)
TienGiang (VNS/VNA) - The Mekong Delta province of Tien Giangis soliciting investment in clean industry projects and highadded-value projects that use modern technologies and are less labour-intensive,according to the provincial Department of Planning and Investment.

Itis planning to attract investment in agricultural farming and processingprojects, and hi-tech agricultural and aquaculture projects in Tan Phuoc,Chau Thanh and Tan Phu Dong districts. 

Inaddition, it also wants to call for investment in an eco-spiritual tourismproject in Tan Phuoc district, industrial park infrastructure development in TanPhuoc and Go Cong Dong districts, and projects in the financial andbanking sectors in My Tho city and the logistics sector in Go Cong Dong district.

Accordingto Nguyen Dinh Thong, the department’s acting director, the provincehas targeted attracting 30 projects with total investment capital ofnearly 11.17 trillion VND (493.7 million USD) to its three key economicareas.

Inaddition, it will help investors to complete a number of key projectsand put them into operation this year. 

Despitethe COVID-19 pandemic and saltwater intrusion, the province has achievedpositive results in investment attraction.

Inthe first seven months of the year, it attracted 24 projects, an increaseof 11 projects over the same period last year, with total new investmentcapital of 10.334 trillion VND (447.8 million USD), or 93.6 percent of thesame period last year.

About5,980 businesses were operating in the province by the end of July. Of thenumber, 454 were newly established this year.

PhamAnh Tuan, Vice Chairman of the provincial People's Committee, said withits motto 'Tien Giang investment opportunities and partner fordevelopment', the province hadapproached businesses in innovativeways, developed policies to support investors, andstreamlined administrative procedures.

Provincialleaders also regularly met with investors to promptly solve difficulties facedby them.

Locatedin the southern key economic region and on the gateway connecting the MekongDelta with HCM City and the southeastern region, Tien Giang hasmultiple competitive advantages, especially regional linkages.

It haslarge fruit cultivation areas and favourable conditions for thedevelopment of processed industry, tourism services and other sectors.

Basedon such potential, the province has developed priority policies to callfor investment, focusing on improving the investment environment andimproving provincial competitiveness and boosting administrative reform,according to Thong.

Fromthe investor's perspective, Dinh Cao Khue, Chairman of Dong Giao Food ExportJSC (DOVECO), said Tien Giang had concentrated fruit-growing areas andtransport convenience, and an abundant labour force. These advantageswould help to attract investors when they are considering theirinvestment destinations, he said.

Inaddition, the provincial leaders pledged to create favourable conditions forenterprises to invest in building fruit and vegetable processing factories,and to ensure sufficient supply of electricity and water, and trafficconnections for businesses to operate.

Atthe same time, the province also pledged to create a zoning plan formaterial cultivation areas to meet production needs of the processing plants.

In thecoming time, the company plans to invest in a factory to process, preserve andpack fresh fruits for export and a vegetable and fruit processing factory in MyPhuoc commune in Tan Phuoc district.

Itwill have an estimated design capacity of about 200,000 tonnes of freshfruit for export, and 150,000 tonnes of processed products.

TienGiang has four industrial parks with over 1,101ha located in convenientpositions. It also has four operating industrial clusters - An Thanh 1,Trung An, Tan My Chanh, and Song Thuan.

Notall industrial parks are fully occupied, and there is still a significant areaof land available to investors./.
VNA

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