The southern province of Tra Vinh granted licences to eight projects in April, provincial authorities reported.

Licences were granted to seven domestic projects worth more than VND327 billion (US$14.2 million) and one foreign-invested project worth $3 million.

Since early this year, the province has attracted 15 domestic projects with total registered capital of nearly VND581 billion ($25.26 million) and three foreign-invested projects worth $5.64 million, up VND518 billion and $4.64 million year-on-year, respectively.

Tran Anh Dung, vice chairman of the provincial People’s Committee, described key national projects in the province as one of the favourable conditions for attracting local investment, including Luong project, enabling movement of large capacity vessels on the Hau River, and Co Chien Bridge, facilitating the marine-based economy and goods transportation by road.

The Duyen Hai power centre with four power plants is capable of generating nearly 4,500 MW of electricity to major industrial projects, meeting power demand in the region.

With a lengthy coastline and extensive fishing grounds, Tra Vinh is well-positioned to develop wind and solar power, as well as cruise, ecological, spiritual and resort tourism, he said.

Tra Vinh currently has 181 projects -- 35 foreign-invested ones worth some $3 billion and 146 domestic ones with total registered capital of more than VND98 trillion.

It is home to 1,900 businesses and 1,001 affiliates with total registered capital of some VND25 trillion and has created more than 85,000 jobs in and outside the province. — VNS