Tien Giang province secures additional VND 5.4 trln in investment

The Mekong Delta province of Tien Giang lured VND 5.4 trillion (USD 233.7 million) in two projects in its industrial parks during January-February, or 19.65 times higher than the same time last year, according to deputy head of the provincial management board for industrial zones Nguyen Thanh Liem.

By February, the locality had attracted 101 investment projects in its industrial parks with total registered capital of VND 47.81 trillion (USD 2 billion), he said, adding that total land lease now reaches 529 hectares, accounting for 69.15 percent of total area offered at local industrial parks.

The province is home to four operating industrial parks in the province, namely My Tho, Long Giang, Soai Rap and Tan Huong. Of which, My Tho and Tan Huong are now fully occupied.

As the province expects to attract ten more projects in the remaining industrial parks in 2019, local authorities are working to improve business climate, simplify administrative procedures, provide online public services as well as complete infrastructure at the parks to facilitate investors' operations.

Besides, it will remove bottlenecks for local firms, helping them run effective business and contribute more to local socio-economy.

In the two-month period, companies in the local industrial parks reported a total industrial production value of more than VND 12.29 trillion (USD 531.9 million), 14.56 percent higher than that of the same time in 2018. Meanwhile, their export revenue increased 8.06 percent to USD 423 million.

This year, the firms target VND 77.36 trillion (USD 3.35 billion) in industrial production value, and more than USD 2.74 billion in export turnover.

Source: People's Army Newspaper