Tra Vinh lures new investment projects

The Mekong Delta province of Tra Vinh attracted 17 new investment projects with total registered capital of VND344 billion (US$15.11 million) in the first two months of 2018, reported the provincial Planning and Investment Department.

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Two rural agricultural projects were added, including a VND200 billion seafood feed factory at Tra Vinh city’s Long Duc industrial zone and the Tan Hoa seafood processing plant worth VND60 billion in Tieu Can district.

Director of Tra Vinh Planning and Investment Department Do Van Khe said the province has supported ongoing projects in the locality and addressed businesses’ difficulties.

The department will increase monitoring over projects with slow disbursement. It has asked the provincial People’s Committee to revoke licences from businesses that fail to make progress.

Tra Vinh is home to 233 investment projects. Of the figure, there are 195 domestic projects with registered capital worth about VND100.82 trillion (US$4.43 billion) and 38 foreign ones worth more than US$3.1 billion.

In 2017, the province drew 60 new projects, with 32 of them now operational.


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