Tien Giang to host investment conference next week
The Mekong Delta province of Tien Giang plans to attract investment of nearly VND16.4 trillion (US$713 million) for 19 projects at a conference in its capital, My Tho, on August 9.
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The projects range from industrial park infrastructure and industrial zones, to high-tech agriculture, processing industries and tourism.
Speaking at a news briefing last week, Le Van Huong, Chairman of the provincial People’s Committee, said the key focus of the promotion would be feasibility.
“The number of projects … might be quite modest, but we only want to select those that are feasible. We want to make sure that at least 90 percent of the projects on the list are successful, and start some immediately after the conference.”
Tran Thanh Duc, deputy chairman of the provincial People’s Committee, said one of the biggest strengths of the province was manpower.
“Enterprises that have invested in the province have given very positive feedback about our workforce. The people here are very hardworking, disciplined and quick to acquire new knowledge and skills.”
He said some companies in neighbouring provinces, especially in the textile and garment and leather footwear sectors, hired people from Tien Giang to work as team leaders.
Another advantage for the province was its location just 60km from Ho Chi Minh City, he said.
Thanks to this geographical advantage and 32km coastline, the province exported even more than Can Tho city, he said. The city was the delta’s economic powerhouse.
The province’s exports were worth US$1.27 billion in the first half of this year.
Duc said the province had released details of the proposed investment projects with details of tax breaks and land lease incentives for investors.
At the conference the province will also issue in-principle approvals for 22 projects and grant approval for feasibility studies for nine others involving total investments of VND15.65 trillion (US$680 million).
An exhibition on the province’s socio-economic achievements and key local products will also be held from August 7 to 10 on the sidelines of the conference.
According to its Department of Planning and Investment, Tien Giang is one of the fastest growing provinces in the delta with annual growth of 8%.
Last year, 640 new businesses were established in the province.
