Since early this year, the province has lured 15 domestic projects with a total registered capital of nearly 581 billion VND (25.26 million USD) and three foreign-invested ones worth 5.64 million USD, up 518 billion VND (22.5 million USD) and 4.64 million USD year-on-year.

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A foreign-funded leather footwear factory in Tra Vinh 

Tran Anh Dung, Vice Chairman of the provincial People’s Committee, described key national projects in the province as one of the favourable conditions for local investment attraction, including Luong work for the travel of large capacity vessels on the Hau River and Co Chien bridge that facilitate the marine-based economy and goods transportation by road.

The Duyen Hai power centre with four power plants is capable of generating nearly 4,500 MW of electricity to major industrial projects, meeting power demand in the region.

With a lengthy coastline and extensive fishing grounds, Tra Vinh is well-positioned to develop wind and solar power; cruise, ecological, spiritual and resort tourism, he said.

Tra Vinh currently records 181 projects, including 35 foreign-invested ones worth about 3 billion USD and 146 domestic ones with a total registered capital of more than 98 trillion VND (4.26 billion USD).

It is home to 1,900 businesses and 1,001 affiliates with a total registered capital of some 25 trillion VND (1.08 billion USD) and creates jobs to in excess of 85,000 workers in and outside the province.

Source: VNA