Tien Giang expects to have 730 new firms in 2018

The Mekong Delta province of Tien Giang expects to have 730 newly-established enterprises in 2018 with total registered capital of VND3,196 billion (US$140.8 million), year-on-year rises of 9.3% and 9.1%, respectively.

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Workers at a seafood processing factory at the My Tho Industrial Park of Tien Giang province
Since the beginning of 2018, almost 180 businesses have been set up in Tien Giang, which have combined registered capital of VND1,115 billion (US$49.1 million), up 14.2% and 27.1%, respectively, from the same period last year.

Tien Giang province is now home to 4,581 enterprises which have created a large number of jobs for workers and supplied a wide range of products for domestic consumption and export. 

The province has also attracted five projects, including three foreign direct investment (FDI) projects, totally worth VND483 billion (US$21.2 million), in local industrial parks and industrial clusters. 

According to the provincial People’s Committee, Tien Giang has drastically deployed the Party Central Committee’s and the provincial Party Committee’s directives and resolutions on improving the efficiency of support and business development in 2018 with a vision through 2020.

The province has continued creating the best conditions for enterprises, improving its investment-business environment, reducing relevant costs and encouraging businesspeople to invest in the fields of their strength.

With regard to operating firms, the provincial authorities have encouraged them to renovate production lines and technologies and better their competitiveness in the markets.

In addition, the province also set forth specific policies and measures for each of its key economic regions.

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