Tra Vinh draws 26 investment projects in Q1
The Mekong Delta province of Tra Vinh attracted 26 investment projects worth over VND407 billion in the first three months of 2018, up 18 projects against the same period last year.
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According to the provincial Department of Planning and Investment, five out of the newly-invested projects have become operational. Most of the projects operate in agricultural production, aquaculture, tourism, and textiles, which are among the locality’s investment incentives.
Vice Director of the department Vuong Hai Khoa said to create breakthroughs in economic development, the locality has paid special attention to promoting industrial development and investment attraction.
It has also focused on simplifying administrative procedures and implementing many preferential policies on land, technical infrastructure and human resources training, and trade promotion.
The 2017 Provincial Competitiveness Index of Tra Vinh was up five levels compared to 2016, ranking 37th among 63 provinces and cities nationwide.
Statistics show that Tra Vinh is home to 38 foreign-invested projects worth US$3.1 billion, and 204 domestic ones with total investment of nearly VND101 trillion (US$4.43 billion).
The investment projects have helped generate jobs for a large number of rural labourers, and consume agro-aquaculture products of the locality.
