Tien Giang attracts two new projects

Tuesday, Feb 19, 2019 08:44

A seafood processing facility in Tien Giang Province, which attracted two new multi-million dollar projects in industrial parks in the first two months of the year. — VNA Photo Minh Tri

Tien Giang Province has attracted two new investment projects to its industrial parks, with a combined registered capital of VND5.4 trillion (US$232.58 million).

Nguyen Thanh Liem, deputy head of the management board for Tien Giang’s industrial parks, said that the province has 101 projects with total registered capital of VND47.8 trillion renting over 529 hectares of land (which covers about 70 per cent of the available land at its four industrial parks).

The industrial production value of the companies at these parks within the first two months of the year was more than VND12.2 trillion, 14.56 per cent higher than last year’s period. Exports were $423 million, more than 8 per cent higher than the same period last year.

The companies at the industrial parks are targeting more than VND77 trillion of industrial production and $2.74 billion of exports for 2019.

Tien Giang aims to attract 10 more projects this year and will further improve the investment climate, simplify procedures, inform companies of regulations, and help existing companies with their problems, authorities have said. — VNS

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