Tien Giang enjoys strong rise in investment attraction

05-Oct-2018 Intellasia | VNA | 6:00 AM Print This Post

The Mekong Delta province of Tien Giang lured 22 new projects worth over 2.85 trillion VND (122.55 million USD) in the first nine months of 2018, up 58 percent over the same period last year, according to vice Chair of the provincial People’s Committee Tran Thanh Duc.

Duc said that nearly 1.59 trillion VND (67.94 million USD) was added into nine underway projects, raising total investment in the province in nine months to 4.4 trillion VND (189.2 million USD), up 31 percent year-on-year.

Currently, Tien Giang industrial parks are hosting 98 projects, including 70 foreign-invested one, with total investment of 1.73 million USD and 4.08 trillion VND, along with 79 projects in industrial clusters worth 4.4 trillion VND, according to Duc.

He added that in the first nine months of 2018, Tien Giang also has 545 new enterprises with combined investment of 3.47 trillion VND, a rise of 15 percent in the number of firms and 88.9 percent in capital year-on-year.

Projects in local industrial parks and clusters have employed more than 104,000 labourers.

Duc attributed the results to the province’s effective efforts to promote investment through improving its investment-business environment, supporting local firms and startups, completing infrastructure system, applying information technology, and reforming administrative procedures.

At the same time, local authorities have spent great time to meet and take dialogue with businesses. Last year, the provincial People’s Committee held three dialogues with local firms, and two others in the first nine months of this year.

In August 2018, Tien Giang successfully held an investment promotion conference which drew 500 delegates. During the event, the province attracted 16 trillion VND in 30 projects in 2018 and 2019, and 50 billion VND of capital for social security programmes.



Category: Economy, Vietnam

Print This Post

Comments are closed.