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Trà Vinh province seeks to lure more foreign investment

Update: December, 12/2019 - 14:47


Cồn Chim community-based tourism site in Trà Vinh. The province is trying to improve administrative procedures as well as creating favourable conditions for foreign investment. — Photo

TRÀ VINH — The Mekong Delta province of Trà Vinh has made great efforts in completing mechanisms and management policies to lure more foreign investors and improve the quality of foreign direct investment in the locality.

The province is striving to attract some US$1.1 billion in foreign direct investment during 2021-25 and $1.7 billion for the 2026-30 period.

Along with renewing investment promotion methods and enhancing the efficiency of State management over foreign investment, the province has outlined special investment attraction plans to draw strategic investors.

The province has paid due attention to improving administrative procedures as well as creating favourable conditions for foreign firms to study the local business climate. Furthermore, land clearance and infrastructure development have been also put in focus.

Boasting a coastline of 65km, Trà Vinh Province has huge potential to develop its marine economy.

Currently, the province has 350 valid projects, including 41 foreign-invested projects valued $3.1 billion, and 309 domestic projects with total registered capital of over VNĐ106 trillion ($4.57 billion). — VNS


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