According to Tra Vinh Department of Planning and Investment, in the year to date, the province has lured in four investment projects from local investors in wind power, education, petroleum, and green hydrogen production fields worth $511 million in total registered capital.

Tra Vinh province bolsters investment

Cumulatively, as of now, Tra Vinh is home to 379 valid projects, including 37 foreign and 342 domestic ones valued at $3.06 billion and $5.86 billion in total investment value, respectively.

The province has been expediting a wide range of investment attraction activities into sizable projects in industrial production and seafood areas, along with executing flexible incentive policies to support the investors.

Investment attraction has been carried out in an innovative manner to enhance efficiency.

Tra Vinh has also formed a specific task force to attend all the meetings and online symposia on investment promotion which are hosted by diverse ministries and central management agencies.

The events include a workshop to strengthen investment cooperation between Vietnam and the Middle East, a workshop on exchanging practical experiences for production and business rebound between Vietnamese and Indian business post-pandemic, and a meeting on promoting investment and trade relations with Bangladesh, among others.

Along with that, due regard has been paid to ensuring transparent information disclosure involving projects calling for investment into Dinh An Economic Zone, local seaports, and diverse industrial zones across the province including Long Duc, Co Chien, Cau Quan, and Ngu Lac.

Businesses and investors wishing to set up shop in the province would receive diverse incentives, such as capital support for making compensation and site clearance, funding for technical infrastructure investment and labour training, among others.