Tra Vinh bolsters supporting industry, food processing

16:23 | 14/01/2018 Local Industry

The Mekong Delta province of Tra Vinh will promote food processing and supporting industry development this year, said Vice Chairman of the provincial People’s Committee Nguyen Trung Hoang.

A photo of Tra Vinh province - Source: baotainguyenmoitruong.vn

Accordingly, the province will work to attract investment in supporting industry. It will allocate nearly 19 billion VND (US$837,000) in carrying out business support activities to create regional links, boost production cooperation, trade promotion activities and human resources training.

Tra Vinh has mobilized more than 710 billion VND (US$31.28 million) to draw investment and enhance food processing with key products, including aquatic products, peanuts, meat, fruit juice and dried vegetables, among others.

In 2018, the province’s industry and trade sector eyes 31.6 trillion VND (US$1.39 billion) in industrial production value, and retail and services reaching 25.4 trillion VND (US$1.12 billion).

The industry sector saw strong growth in 2017 thanks to the operation of several electricity plants of the Duyen Hai Power Center.

Director of the provincial Department of Industry and Trade Tran Quoc Tuan said that Tra Vinh’s industrial production value hit over 24.67 trillion VND (US$1.09 billion) in 2017, a rise of 32 percent against the previous year.

The industry and trade sector lured 11 investment projects with total registered capital of over 578 billion VND (US$25.45 million) and US$129 million last year, and recorded 22 newly established businesses, with registered capital of nearly 278 billion VND (US$12.24 million), generating jobs for about 5,200 workers.

Theo VNA