Tien Giang lures investors with administrative reforms

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The Cuu Long (Mekong) Delta province of Tien Giang is improving administrative procedures in order to attract more investors, Tran Kim Mai, the standing deputy chairwoman of the People's Committee, has said.

Late last month, Tien Giang called for investment for 24 projects from 2014-15 with total capital of nearly VND45 trillion (US$2.1 billion). — Photo pda

TIEN GIANG (Biz Hub) — The Cuu Long (Mekong) Delta province of Tien Giang is improving administrative procedures in order to attract more investors, Tran Kim Mai, the standing deputy chairwoman of the People's Committee, has said.

The province's industrial zones' management boards as well as its Department of Planning and Investment will be responsible for management of investment.

Under this reform, investors will be able to go directly to either the boards or the department instead of to many places as they did in the past, to complete procedures on land and business certificates.

In addition, the time to receive investment certificates will be shortened to under 15 days for projects invested in industrial zones. Outside the zones, the time frame will be under 30 days, compared to the more than 30 days before.

Mai also pledged that the province would continue to listen to local companies to help them solve difficulties and obstacles they face when investing in the area.

She also said the province was determined to improve human resources by reforming the vocational training system.

Tax and land incentives will also be continued, Mai added.

Late last month, Tien Giang called for investment for 24 projects from 2014-15 with total capital of nearly VND45 trillion (US$2.1 billion).

These projects include construction of infrastructure, trade centres, resorts, hospitals, and high-tech agriculture and water treatment systems.

Located about 70km from HCM City, Tien Giang Province has a good transport system, and its industrial zones are nearly fully occupied.

Agricultural products such as Ngu Hiep durian, Cho Gao dragonfruit and Long Co pomelo grown in the area are very popular as well.

In 2013, the province, for the first time, reached export turnover of more than $1 billion with main exports of rice, seafood, garments, footwear and agricultural products. — VNS

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