Tien Giang attracts over 310 million USD in investment

15:06 | 06/07/2018 Economy

The Mekong Delta province of Tien Giang lured over 7 trillion VND (over US$310 million) in 18 new investment projects in the first six months of 2018, up 9 projects and 4.47 times in capital compared to the same period last year. 

Tien Giang lures over 7 trillion VND (over US$310 million) in 18 new investment projects - Photo: VNA

According to Le Van Nghia, Vice Chairman of the provincial People’s Committee, the province granted investment licences to seven new foreign direct investment (FDI) projects in the period.

Three existing projects also registered to increase capital by a total of over 212 billion VND (US$9.3 million), raising total newly-licensed and increased foreign investments to nearly 7.25 trillion VND (nearly US$319.3 million), up 2.37 times compared to the same period last year.

The provincial People’s Committee has assigned departments and sectors to build the list of investment projects, in line with the resources, strengths, and development targets of each area, thus rolling out plans to introduce and call for investment, especially for key projects with regional links.

It is hoped to contribute to generating more jobs for local residents, increasing exports, and promoting the locality’s socio-economic development in a rapid and sustainable manner.

According to Nguyen Van Dao, Chairman of the provincial Association of Enterprises, the province boasts many advantages to attract investment as it is located in the southern key economic region with a convenient transport network, as well as being abundant in workforce and natural resources.

Local officials said 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 be also devised to better the Public Administration Performance Index (PAPI) and the Provincial Competitiveness Index (PCI), towards attracting more investment into the locality.

Theo VNA