Tra Vinh lures more than 188 million USD of investment in May

The Mekong Delta province of Tra Vinh issued investment licences to six domestically-funded and one foreign-invested project worth some 188 million USD in May.
Tra Vinh lures more than 188 million USD of investment in May ảnh 1Illustrative image (Source: VNA)
Tra Vinh (VNA) – The Mekong Delta province of TraVinh issued investment licences to six domestically-funded and oneforeign-invested project worth some 188 million USD in May.

So far this year, the province has lured 20 domestically-investedprojects with combined capital of 5.83 trillion VND (250.69 million USD) and twoforeign-invested ones valued at more than 100 million USD.

The province is hosting a total 319 projects, including 40foreign-invested projects with total capital of 3.11 billion USD, along with279 domestically-funded projects worth over 105.52 trillion VND (4.53 billionUSD).

According to Chairman of the provincial People’s CommitteeDong Van Lam, the improvement of the local investment environment has helpedthe province attract more investment.

The province has focused on administrative reform, whilepublicising priotitised projects for investment attraction, he said.

Along with applying national preferential policies, theprovince has also given investors support for ground clearance and technicalinfrastructure development, as well as assistance in production and business inindustrial clusters, and labourer training.

The province has also launched the one-stop-shop mechanism,cutting the processing time by one half for 1,644 administrative procedures andby one third for 68 others, said Lam.

He said the province has made it possible to process 1,279administrative procedures via post.

Lam revealed that Tra Vinh has announced 59 projects entitledto preferential policies in agriculture and industry.-VNA 
VNA

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