Tra Vinh attracts additional projects

The southern province of Tra Vinh granted licenses to eight projects in April, including seven domestic ones worth more than VND327 billion (US$14.2 million) and one foreign-invested worth US$3 million, according to the provincial authorities.

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Since early this year, the province has lured 15 domestic projects with a total registered capital of nearly VND581 billion (US$25.26 million) and three foreign-invested ones worth US$5.64 million, up VND518 billion (US$22.5 million) and US$4.64 million year-on-year. 

Tran Anh Dung, Vice Chairman of the provincial People’s Committee, described key national projects in the province as one of the favourable conditions for local investment attraction, including Luong work for the travel of large capacity vessels on the Hau River and Co Chien bridge that facilitate the marine-based economy and goods transportation by road. 

The Duyen Hai power centre with four power plants is capable of generating nearly 4,500 MW of electricity to major industrial projects, meeting power demand in the region.  

With a lengthy coastline and extensive fishing grounds, Tra Vinh is well-positioned to develop wind and solar power; cruise, ecological, spiritual and resort tourism, he said. 

Tra Vinh currently records 181 projects, including 35 foreign-invested ones worth about US$3 billion and 146 domestic ones with a total registered capital of more than VND98 trillion (US$4.26 billion). 

It is home to 1,900 businesses and 1,001 affiliates with a total registered capital of some VND25 trillion (US$1.08 billion) and creates jobs to in excess of 85,000 workers in and outside the province.


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