The Mekong Delta province of Tra Vinh is revising policies and mechanisms towards removing obstacles facing businesses, thus attracting more investors.
Tra Vinh (VNA) – The Mekong Delta province of TraVinh is revising policies and mechanisms towards removing obstacles facingbusinesses, thus attracting more investors.
According to Vice Chairman of the provincial People’sCommittee Tran Anh Dung, departments, sectors and localities across theprovince have applied measures to improve the provincial competitiveness index(PCI), while speeding up administrative reform.
At the same time, the province has asked for support fromthe Vietnam Chamber of Commerce and Industry (VCCI) to analyse its weaknessesin the PCI over the years, thus making plans to improve performance in all ten componentsin the index.
The province ranked 46th among 63 provinces andcentrally-run cities in the PCI rankings in 2018.
Meanwhile, Tra Vinh has focused on enhancing the sense ofresponsibility and attitude of public servants in assisting enterprises andpromoting investment, he said.
Dung noted that the province has increased dialogues withinvestors to timely deal with their difficulties while implementing projects inTra Vinh, thus ensuring the projects’ progress.
Recently, the provincial Department of Planning andInvestment has formed a team to give free policy consultations to investors,businesses and business households, along with other measures to assist them inadministrative procedures.
Since the beginning of this year, Tra Vinh has lured 40investment projects worth over 363 million USD, creating jobs for about 5,780local labourers. Of the projects, three were invested by investors fromThailand, China, and Taiwan (China) in areas of wind power, apparel andhousing.-VNA
In the first four months of this year, the Mekong Delta province of Tra Vinh recorded an industrial production and trade value of over 8 trillion VND (about 346 million USD), a year-on-year growth of nearly 30 percent, according to local authorities.
The Mekong Delta province of Tra Vinh issued investment licences to six domestically-funded and one foreign-invested project worth some 188 million USD in May.
The southern province of Tra Vinh People’s Committee has decided to invest 35 billion VND (1.5 million USD) in implementing a resettlement project for people affected by landslides in Cau Ngang town and Thuan Hoa commune, Cau Ngang district.
A training course on mainstreaming gender issues in implementing projects was held in the Mekong Delta province of Tra Vinh by the Management Board of the project on developing local small- and medium-sized enterprises (SMEs) (SME Tra Vinh project) from July 4-5.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: VNA) 
