CAN THO – The Mekong Delta province of Tra Vinh has approved plans to develop 19 energy, industrial infrastructure, and farm produce and seafood processing projects, heard a press briefing on April 18.
Among the 19 projects, three have got licenses, while the rest have memoranda of understanding signed for cooperation.
Some major projects are the VND3.86-trillion Thang Long wind power plant, the VND7.8-trillion Thang Long Tra Vinh green hydrogen production facility and the VND300-billion Hiep My Tay industrial cluster.
Thang Long Tra Vinh Wind Power JSC, TGS Tra Vinh Green Hydrogen JSC and Thuan Phat Trading and Construction Company will invest in the three projects.
Other investors who have signed memoranda of understanding with the province are SunGroup, C.P. Vietnam Corporation, Tan Long Group JSC and Thong Thuan Tra Vinh Seafood JSC.
Speaking at the press conference announcing the 30th anniversary of Tra Vinh’s re-establishment, Le Thanh Binh, vice chairman of the provincial government, said that after 30 years, the province has made multiple breakthroughs. The province’s gross regional domestic product has grown over 11.5% annually, while the poverty rate has reduced sharply.
“Many key projects have been executed in the province, while numerous investors are expanding their reach,” Binh said, adding that the province will organize a 30th-anniversary ceremony of its re-establishment to introduce the province’s potential and incentives for investment in Tra Vinh.
As of the first quarter of 2022, the province had seen 385 valid projects, with 42 of them developed by foreign investors with combined capital of US$3.1 billion, according to Lam Huu Phuc, deputy director of the Tra Vinh Department of Planning and Investment.
During the first quarter of the year, as many as 13 investors visited the province to survey the market for investment in various fields, such as infrastructure, fuel, seafood and wind power, Phuc said.
The province will offer many preferential policies and create the most favorable conditions for investors to do business in the province, Phuc added.