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Ho Chi Minh City
Wednesday, October 5, 2022

Tien Giang calls for investment, infrastructure development

By Le Hoang

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HCMC – As Tien Giang Province is welcoming investors to get involved in 59 projects, it promises to improve the business environment, develop road infrastructure and publicize transparent planning information.

Some 59 projects are in need of investment in urban and residential areas, commerce, tourism, industry, agriculture, healthcare, education and sports, among others, which have total investment capital of nearly VND22,400 billion.

The province will create favorable conditions and give optimum support to investors, said a representative of the Tien Giang People’s Committee at a conference to introduce investment projects on September 9.

To realize such commitments, the province will soon complete the provincial planning scheme for 2021-2030 with a vision to 2050.

The province will focus on completing infrastructure for the projects, such as traffic infrastructure, electricity and water supply and other utilities, especially Trung Luong – My Thuan Expressway, An Huu – Cao Lanh Expressway, Cho Gao Canal phase II and Rach Mieu 2 Bridge.

Tien Giang has been investing in roads connecting surrounding areas, such as provincial road 864 with a total length of 110 km and an estimated cost of VND3,000 billion, a coastal road connecting HCMC, Long An, Ben Tre and Tra Vinh and traffic roads connecting with the center of Dong Thap Muoi.

For human resources, the province will coordinate with institutes and schools in the region to improve the education quality and accelerate on-demand training to satisfy the needs of enterprises and investors.

Increasing the provincial competitiveness index and efficiency index of governance and public management, providing transparent planning information and building interconnection process for investors shall also be prioritized.

The socio-economic development of Tien Giang in the first eight months showed positive signs, recording increases of 10.2% in the industrial production index, 28.4% for exports, 24.5% for retailing and consumption, 78% for visitors and 70% for newly-established enterprises.

Functioning as a gateway of HCMC and the Mekong Delta River, Tien Giang has great potential and advantages in development, expected to attract more investment in the years to come.

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