Tien Giang province secures additional 5.4 trln VND in investment

16:14 | 28/02/2019 Investment

The Mekong Delta province of Tien Giang lured 5.4 trillion VND (233.7 million USD) 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.

Soai Rap Industrial Park in Tien Giang province - Photo: baodauthau.vn

By February, the locality had attracted 101 investment projects in its industrial parks with total registered capital of 47.81 trillion VND (2 billion USD), 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 12.29 trillion VND (531.9 million USD), 14.56 percent higher than that of the same time in 2018. Meanwhile, their export revenue increased 8.06 percent to 423 million USD.

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

Theo VNA