Tien Giang: Investment sees 2.3-fold increase in H1
The Mekong Delta province of Tien Giang raked in a total investment of more than 7.2 trillion VND, or 316.8 million USD, in the first half of 2018, a 2.3-fold increase from the same period last year.
Workers at a seafood processing factory at the My Tho Industrial Park of Tien Giang province (Photo: VNA)
Tien Giang (VNA) – The Mekong Delta province ofTien Giang raked in a total investment of more than 7.2 trillion VND, or 316.8million USD, in the first half of 2018, a 2.3-fold increase from the sameperiod last year.
Over 97.2 percent of the amount, or 7 trillion VND (308million USD), have been poured into 18 new projects, according to Vice Chairmanof the provincial People’s Committee Tran Thanh Duc.
As a result, the Mekong Delta province of Tien Giang hasso far lured over 70.9 trillion VND (3.12 billion USD) in investment in a totalof 282 projects, including 2.3 billion USD in FDI in 116 projects.
Nearly 370 new enterprises have been established in theprovince in the January-June period with a total registered capital of morethan 2.58 trillion VND (113.52 million USD), up 31.5 percent and 89 percent,respectively.
Such remarkable progress is largely owing to theprovince’s adoption of new policies to improve local business climate and attractboth domestic and foreign investors.
Tien Giang has partnered with the Vietnam Chamber ofCommerce and Industry (VCCI) to analyse and assess the province’s businessenvironment, said Duc. It has collected opinions from experts, policymakers andbusinesses on the status of local business climate and come up with solutionsto improve it in 2018 and the following years, he noted.
The province has been mobilising all necessary resourcesto develop transport infrastructure, expand support for local businesses andfoster the application of information technology to promote publicadministrative reforms. These move aims to provide investors with faster, moreconvenient and cost-saving public services and facilitate the development ofe-government.
The province has also worked to enhance the effectivenessof its investment incentives, particularly in terms of taxation, creditprovision, land and human resources and encourage the use of advancedtechnology and the development of agriculture as well as the production anddistribution of farm produces.
Furthermore, the provincial and district leaders haveheld regular dialogues with local investors to update them with latestinformation on the local socio-economic situation alongside new regulations andreforms; and to learn about their obstacles.-VNA
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Workers at a seafood processing factory at the My Tho Industrial Park of Tien Giang province (Photo: VNA) 
