A corner of Tra Vinh (Source: VNA)

Tra Vinh (VNA) – The Mekong Delta province of Tra Vinh has taken actions to attract more investors, especially foreign businesses.

In the first nine months of 2018, the province welcomed 60 domestic and foreign investors who came to learn about its investment environment, including seven foreign firms from Japan, the Republic of Korea, China, Germany, Belgium, Russia and Thailand.

Chairman of the provincial People’s Committee Dong Van Lam said that the province’s efforts in investment attraction have paid off. In the reviewed period, it attracted 67 projects with a combined registered capital of over 2.16 trillion VND (92 million USD) and 146.5 million USD, up 6 projects compared with the same period last year. Of the total, 19 projects have been put into operation.

To attract investment, Tra Vinh has focused on speeding up administrative procedure reforms, publicizing a list of prioritised projects until 2025, carrying out preferential policies related to ground clearance and compensation, and supporting investors in vocational training for labourers.

At present, the province is calling for investment in 59 projects in the fields of industry and agriculture, notably a seafood processing plant with a capacity of 32,000 tonnes per year in Cau Ke district, a vegetable processing plant with a capacity of 40,000 tonnes a year, a meat processing plant with a capacity of 20,000 tonnes annually in Chau Thanh district and a 270MW wind power plan in Duyen Hai district.

Lam said that the province will continue stepping up investment promotion in economic and industrial zones, maintain dialogues with enterprises and investors to help them quickly solve difficulties.-VNA