Tuesday, November 21 2017

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Trà Vinh invites investment for Định An economic zone

Update: July, 21/2017 - 17:00
Diagrammatic sketch of Định An Industrial Park in the southern province of Trà Vinh. — Photo xuctientravinh.com
Viet Nam News

TRÀ VINH – The Mekong Delta province of Trà Vinh is calling for investment in the Định An economic zone.

The focus is on technical infrastructure, oil refining, deep seaport and airports, as well as administrative services, education, training and scientific research, along with cultural exchanges, tourism and entertainment. 

Covering more than 39,000ha in Trà Cú and Duyên Hải districts, Định An is one of eight key marine economic areas nationwide, with favourable conditions to develop a sea-based economy, electricity, petrochemicals, shipbuilding, navigation services and tourism. 

A passageway for ships of 20,000 tonnes to enter the Hậu River is expected to become operational in 2017, which will facilitate domestic and international trade. 

So far, Định An economic zone has attracted 29 projects with total registered capital exceeding VNĐ151.3 trillion (US$6.65 billion) and generated nearly 2,500 jobs. 

Phạm Văn Tám, head of the management board of Trà Vinh economic zones, suggested devising more incentives, apart from policies, to exempt or reduce land rent, corporate income tax, personal income tax and import-export tax. 

Businesses will get land clearance compensation and support to make environmental impact evaluation reports, register for intellectual property protection, apply technologies to upgrade productivity and quality of products, and receive assistance in vocational training. — VNS

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