Tra Vinh to tackle delayed projects

Monday, Feb 18, 2019 08:34

A corner of Tra Vinh Province. — VNA/VNS Photo

The Mekong Delta province of Tra Vinh is resolved to revoke licences of delayed projects, while rolling out 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.

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

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, 37 more than 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 home to 296 valid projects. Of which, there are 39 foreign-invested projects with total registered capital of US$3.25 billion and 257 domestic ones worth more than VND101.72 trillion ($4.4 billion). — VNS

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