Vietnam: Tra Vinh announces key projects and incentives for the year ahead

• Feb 24, 2018

The Hanoitimes – The Tra Vinh Provincial People`s Committee has announced the key projects with incentives to attract investment in 2018.

These projects concentrate mostly on the fields of hi-tech industry, organic agriculture, tourism, processing technology, and technical infrastructure. In particular, hi-tech industry, organic agriculture, and processing technology projects include: high-tech brackish water shrimp farming (100-200 hectares), business co-operation/association in ecological shrimp farming (in mangrove forests and rice fields) for export (800-1,000 hectares), and connecting businesses in the production, processing, and consumption of coconut products (20,000-30,000 hectares), among others.
Projects in the field of tourism and technical infrastructure include Ba Om Pond cultural and tourism zone (nearly 65 hectares), Duyen Hai hot mineral spring resort (30 hectares), the construction of traffic infrastructure for Dinh An Economic Zone in the form of grade-III delta roads (total length of 16.5 km), constructing technical infrastructure for Co Chien Industrial Park (200 hectares), constructing technical infrastructure for the industrial-service-residential complex in Dinh An Industrial Park (1,200 hectares).
Regarding the key projects calling for investment, besides the central government’s general policies, the provincial authorities will also offer various incentives to encourage and assist investors, such as land use compensation and land clearance; funds for technical infrastructure investment; production/trading investment for the industrial clusters which are included in the approved planning but have not yet received infrastructure investment; environmental treatment system construction; investment in the processing and preserving of agricultural, aquatic, and marine products, said Dong Van Lam, Chairman of the People’s Committee of Tra Vinh province.
In 2017, Tra Vinh attracted 49 investment projects, including 5 foreign-invested projects with the total registered capital of US$143 million and 44 domestic projects with the total registered capital of nearly VND3,5 trillion (US$154 million).

Source: http://www.hanoitimes.vn/investment/opportunities/2018/02/81E0C226/tra-vinh-announces-key-projects-and-incentives-for-the-year-ahead/