Tra Vinh province resolved to revoke delayed projects hinh anh 1A corner of Tra Vinh province (Photo: VNA)
Tra Vinh (VNA) – The Mekong Delta province of Tra Vinh is resolved to revoke licences of delayed projects, while rolling out new measures to attract more investment in the locality.

The province will work to accelerate administration reform and improve the provincial competitiveness index, thus creating an attractive business climate.

The provincial authorities will also increase transparency and provide sufficient information about Tra Vinh’s policies and investment environment, as well as maintain dialogues between leaders and businesses.

Tra Vinh currently gives priority to infrastructure development projects in economic zones, industrial parks and those are suitable for its potential and advantages, among others.

Chairman of the Tra Vinh People’s Committee Dong Van Lam said the province put an end to or revoked investment licences of 13 sluggish projects in 2018. Meanwhile, the province attracted 89 new projects, up 37 projects as compared to the previous year.

In addition, Tra Vinh welcomed more than 80 delegations of domestic and foreign investors to study the local business environment, including those from Japan, the Republic of Korea, China, Germany, Belgium, Russia and Thailand.

The province is now home to 269 valid projects. Of which, there are 39 foreign-invested projects with total registered capital of 3.25 billion USD and 257 domestic ones worth more than 101.72 trillion VND (4.4 billion USD).-VNA