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Trà Vinh to tackle delayed projects

Update: February, 18/2019 - 08:00
A corner of Trà Vinh Province. — VNA/VNS Photo
Viet Nam News

HÀ NỘI — The Mekong Delta province of Trà 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 Trà Vinh’s policies and investment environment, as well as maintain dialogues between leaders and businesses.

Chairman of the Trà Vinh People’s Committee Đồng Văn Lâm 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, Trà 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 VNĐ101.72 trillion ($4.4 billion). — VNS

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