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Trà Vinh Province seeks investment

Update: March, 16/2021 - 08:27

 

Preliminary processing of raw fish in a business in Định An town, Trà Vinh Province. — VNA/VNS Photo An Hiếu

TRÀ VINH — The Mekong Delta province of Trà Vinh is seeking investment in many projects.

Speaking at a meeting between provincial officials and representatives of businesses on Sunday, Deputy Director of the Department of Planning and Investment Hồng Ngọc Hưng said the projects include seven at the Định An economic zone, three in tourism, two in industry, and three in agriculture.

To lure investment, the province has rolled out various incentives in terms of tax, land-use fees, site clearance and compensation, and interest rates, according to the official.

Trà Vinh is home to nearly 3,000 enterprises with total investment capital of more than VNĐ41.51 trillion (US$1.8 billion), employing nearly 10,000 labourers, he said, adding that small and medium-sized enterprises account for nearly 99 per cent.

In his remarks, Chairman of the provincial People’s Committee Lê Văn Hẳn highlighted the contributions of the business community, co-operatives and business households to the province's development.

Last year, Trà Vinh’s economy expanded 3.32 per cent and its budget collection exceeded VNĐ15 trillion, 38 per cent higher than the estimate and up 7.1 per cent year-on-year, he said.

Hẳn urged the enterprises and co-operatives to raise the competitiveness of goods and services, and step up restructuring and application of scientific-technological advances.

Trà Vinh will always work with businesses and adjust mechanisms and policies to help enterprises in the province to overcome difficulties and challenges, especially amid the integration period and the COVID-19 pandemic, he said. — VNS

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