The Mekong Delta province of Tien Giang lured over 7 trillion VND (over 310 million USD) in 18 new investment projects. (Photo: VNA)Tien Giang (VNA) - The Mekong Delta province of Tien Giang lured over 7trillion VND (over 310 million USD) in 18 new investment projects in the firstsix months of 2018, up 9 projects and 4.47 times in capital compared to the sameperiod last year.
According to Le Van Nghia, Vice Chairman of the provincial People’s Committee, theprovince granted investment licences to seven new foreign direct investment(FDI) projects in the period.
Three existingprojects also registered to increase capital by a total of over 212 billion VND(9.3 million USD), raising total newly-licensed and increased foreigninvestments to nearly 7.25 trillion VND (nearly 319.3 million USD), up 2.37times compared to the same period last year.
The provincialPeople’s Committee has assigned departments and sectors to build the list ofinvestment projects, in line with the resources, strengths, and developmenttargets of each area, thus rolling out plans to introduce and call forinvestment, especially for key projects with regional links.
It is hoped to contributeto generating more jobs for local residents, increasing exports, and promoting thelocality’s socio-economic development in a rapid and sustainable manner.
According to Nguyen Van Dao, Chairman of the provincial Association ofEnterprises, the province boasts many advantages to attract investment as it islocated in the southern key economic region with a convenient transport network,as well as being abundant in workforce and natural resources.
Local officialssaid more attention will be paid to accelerating the administrative procedure reform,especially those related to investment, business, land, construction, the environment,and law.
Measures will bealso devised to better the Public Administration Performance Index (PAPI) andthe Provincial Competitiveness Index (PCI), towards attracting more investmentinto the locality. -VNA
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