Tien Giang enjoys strong rise in investment attraction

The Mekong Delta province of Tien Giang lured 22 new projects worth over VND2.85 trillion (US$122.55 million) in the first nine months of 2018, up 58% over the same period last year, according to Vice Chairman of the provincial People’s Committee Tran Thanh Duc.

tien giang enjoys strong rise in investment attraction hinh 0

Duc said that nearly VND1.59 trillion (US$67.94 million) was added into nine underway projects, raising total investment in the province in nine months to VND4.4 trillion (US$189.2 million), up 31% year on year.

Currently, Tien Giang industrial parks are hosting 98 projects, including 70 foreign-invested one, with total investment of US$1.73 million and VND4.08 trillion, along with 79 projects in industrial clusters worth VND4.4 trillion, according to Duc.

He added that in the first nine months of 2018, Tien Giang also has 545 new enterprises with combined investment of VND3.47 trillion, a rise of 15% in the number of firms and 88.9% 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 VND16 trillion in 30 projects in 2018 and 2019, and VND50 billion of capital for social security programmes.


Related news