Tra Vinh Province seeks investment

Monday, Mar 15, 2021 12:28

Preliminary processing of raw fish in a business in Dinh An town, Tra Vinh Province. — VNA/VNS Photo An Hieu

The Mekong Delta province of Tra Vinh is seeking investment in many projects.

Speaking at a meeting between provincial officials and representatives of businesses on Sunday, Deputy Director of the Department of Planning and Investment Hong Ngoc Hung said the projects include seven at the Dinh An economic zone, three in tourism, two in industry, and three in agriculture.

To lure investment, the province has rolled out various incentives in terms of tax, land-use fees, site clearance and compensation, and interest rates, according to the official.

Tra Vinh is home to nearly 3,000 enterprises with total investment capital of more than VND41.51 trillion (US$1.8 billion), employing nearly 10,000 labourers, he said, adding that small and medium-sized enterprises account for nearly 99 per cent.

In his remarks, Chairman of the provincial People’s Committee Le Van Han highlighted the contributions of the business community, co-operatives and business households to the province's development.

Last year, Tra Vinh’s economy expanded 3.32 per cent and its budget collection exceeded VND15 trillion, 38 per cent higher than the estimate and up 7.1 per cent year-on-year, he said.

Han urged the enterprises and co-operatives to raise the competitiveness of goods and services, and step up restructuring and application of scientific-technological advances.

Tra Vinh will always work with businesses and adjust mechanisms and policies to help enterprises in the province to overcome difficulties and challenges, especially amid the integration period and the COVID-19 pandemic, he said. — VNS

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