The Mekong Delta’s Tra Vinh province has scaled up efforts to improveits investment climate. Scores of key national-level projects areunderway, a clear sign the province is on the up.
Tra Vinh provincial People’s Committee Deputy Chairman Dong Van Lamunderscores with Vietnam Investment Review the locality’s efforts toenhance its appeal among investors.
* Can you brief us on the province’s main advantages and areas of interest that may be attractive to investors?
Tra Vinh is in the southeast of the Mekong Delta, faces the East Seaand has over 65 kilometres of coastline. It sits between the Co Chienand Hau rivers and is home to two of the delta’s major estuaries whichfacilitate water transport. The province is also home to Highways 53, 54and 60, linking it with other provinces such as Ben Tre, Vinh Long andSoc Trang, as well as Can Tho city. It is 130 km from Ho Chi Minh Cityand 70km from Can Tho.
In terms of human resources,more than 70 percent of the population is at the working age group and34 percent have taken occupational training courses. Tra Vinh has a mildclimate and is less susceptible to floods and storms than surroundinglocalities. The province has an abundant potential for agriculture,great for processing industries.
Numerousnational-level projects are underway which are spurring the localsocio-economic development. The projects involve dredging the Hau Riverto make it accessible to bigger ships, construction of the coastal powercentre, the Dinh An economic zone (EZ) and Cau Quan and Co Chienindustrial parks (IP). The province is also planning industrial clustersin several districts and in Tra Vinh city.
* What are the projects that may be of most interest to potential investors?
Through the Vietnamese Government’s support and great efforts, thereare a number of key projects already going in the province and these areexpected to appeal to new investors.
The mostnotable projects are the previously mentioned Hau river dredging whichwill allow the accommodation of 20,000DWT ships, as well as the Dinh Anestuary’s potential to grow into an international transit port, andlastly Co Chien Bridge which will connect it with Ben Tre province.
* What has been done to improve the local investment climate?
The provincial competitiveness index (PCI) has become a cost-efficienttool for our management to plan and execute activities that pushforward administrative reforms, making the province more attractive toinvestors. In 2012, Tra Vinh ranked eighth among the 63 cities andprovinces nationwide.
Tra Vinh authorities viewinvestors as distinguished guests and are happy to offer them the bestpossible incentives for those that seek a long-term commitment with us.
* Can you please elaborate on policies and measures to attract investment?
Authorities have paid special attention to introducing and updatingincentive policies related to investment locations, infrastructure, landrentals, technology transfers, labour training, and science andtechnology activities that best serve investors.
Wehave also put a lot of efforts into transforming the province into aone-stop-shop. As for technical infrastructure, great energy has beenexerted into upgrading the infrastructure system including transport,power, water, and telecoms to make it a convenient place to live, workand trade.
As a result, the province has attracted30 foreign investment projects thus far valued at 121 million USD and109 domestic projects at 95 trillion VND (4.5 billion USD) across a widespectrum of areas including garments, footwear, chemicals, agricultureand seafood processing, tourism, cattle feed processing, healthcare,seaports, electronics, and telecommunications.
* What projects are currently regarded as priorities?
Tra Vinh prioritises investments into a few major areas.
The first is technical infrastructure including works related to EZsand IPs. The second is agricultural production, including developingmaterial areas that apply new technologies, which includes high-qualityrice and fruit growing areas and animal husbandry. The third areindustries such as food processing, shipbuilding and repairs, supportindustry for electronics and IT, assembling and manufacturing, andengineering. Finally, tourism and entertainment.
Interms of realising its socio-economic strategy, Tra Vinh is very awareof the importance of co-operation with other locations, both local andinternational, in spurring development.
* What are some of the intrinsic benefits and advantages that may lure investors?
I can think of several.
Firstly, in light of the national investment strategy and seadevelopment strategy, Tra Vinh will complete projects vital to ourtackling problems with our geographical position to push up productionand trade and achieve sustainable development.
Secondly, Tra Vinh has a sizable workforce and solid training programmesand facilities. It is home to abundant material sources such asagriculture and seafood to attract processing industries.
Thirdly, we have been working hard at improving transport throughinfrastructure projects. Three highways run through our province thatconnect to other delta regions.
Fourth, IPs, EZs, and industrial clusters are in the pipeline. Low-cost land is available in many areas. and
Fifth, investment is the focal point of management and authorities.Investors will be supported and encouraged and we aim to provide themwith the best possible environment for their business and lifestyle.-VNA
Tra Vinh provincial People’s Committee Deputy Chairman Dong Van Lamunderscores with Vietnam Investment Review the locality’s efforts toenhance its appeal among investors.
* Can you brief us on the province’s main advantages and areas of interest that may be attractive to investors?
Tra Vinh is in the southeast of the Mekong Delta, faces the East Seaand has over 65 kilometres of coastline. It sits between the Co Chienand Hau rivers and is home to two of the delta’s major estuaries whichfacilitate water transport. The province is also home to Highways 53, 54and 60, linking it with other provinces such as Ben Tre, Vinh Long andSoc Trang, as well as Can Tho city. It is 130 km from Ho Chi Minh Cityand 70km from Can Tho.
In terms of human resources,more than 70 percent of the population is at the working age group and34 percent have taken occupational training courses. Tra Vinh has a mildclimate and is less susceptible to floods and storms than surroundinglocalities. The province has an abundant potential for agriculture,great for processing industries.
Numerousnational-level projects are underway which are spurring the localsocio-economic development. The projects involve dredging the Hau Riverto make it accessible to bigger ships, construction of the coastal powercentre, the Dinh An economic zone (EZ) and Cau Quan and Co Chienindustrial parks (IP). The province is also planning industrial clustersin several districts and in Tra Vinh city.
* What are the projects that may be of most interest to potential investors?
Through the Vietnamese Government’s support and great efforts, thereare a number of key projects already going in the province and these areexpected to appeal to new investors.
The mostnotable projects are the previously mentioned Hau river dredging whichwill allow the accommodation of 20,000DWT ships, as well as the Dinh Anestuary’s potential to grow into an international transit port, andlastly Co Chien Bridge which will connect it with Ben Tre province.
* What has been done to improve the local investment climate?
The provincial competitiveness index (PCI) has become a cost-efficienttool for our management to plan and execute activities that pushforward administrative reforms, making the province more attractive toinvestors. In 2012, Tra Vinh ranked eighth among the 63 cities andprovinces nationwide.
Tra Vinh authorities viewinvestors as distinguished guests and are happy to offer them the bestpossible incentives for those that seek a long-term commitment with us.
* Can you please elaborate on policies and measures to attract investment?
Authorities have paid special attention to introducing and updatingincentive policies related to investment locations, infrastructure, landrentals, technology transfers, labour training, and science andtechnology activities that best serve investors.
Wehave also put a lot of efforts into transforming the province into aone-stop-shop. As for technical infrastructure, great energy has beenexerted into upgrading the infrastructure system including transport,power, water, and telecoms to make it a convenient place to live, workand trade.
As a result, the province has attracted30 foreign investment projects thus far valued at 121 million USD and109 domestic projects at 95 trillion VND (4.5 billion USD) across a widespectrum of areas including garments, footwear, chemicals, agricultureand seafood processing, tourism, cattle feed processing, healthcare,seaports, electronics, and telecommunications.
* What projects are currently regarded as priorities?
Tra Vinh prioritises investments into a few major areas.
The first is technical infrastructure including works related to EZsand IPs. The second is agricultural production, including developingmaterial areas that apply new technologies, which includes high-qualityrice and fruit growing areas and animal husbandry. The third areindustries such as food processing, shipbuilding and repairs, supportindustry for electronics and IT, assembling and manufacturing, andengineering. Finally, tourism and entertainment.
Interms of realising its socio-economic strategy, Tra Vinh is very awareof the importance of co-operation with other locations, both local andinternational, in spurring development.
* What are some of the intrinsic benefits and advantages that may lure investors?
I can think of several.
Firstly, in light of the national investment strategy and seadevelopment strategy, Tra Vinh will complete projects vital to ourtackling problems with our geographical position to push up productionand trade and achieve sustainable development.
Secondly, Tra Vinh has a sizable workforce and solid training programmesand facilities. It is home to abundant material sources such asagriculture and seafood to attract processing industries.
Thirdly, we have been working hard at improving transport throughinfrastructure projects. Three highways run through our province thatconnect to other delta regions.
Fourth, IPs, EZs, and industrial clusters are in the pipeline. Low-cost land is available in many areas. and
Fifth, investment is the focal point of management and authorities.Investors will be supported and encouraged and we aim to provide themwith the best possible environment for their business and lifestyle.-VNA
