Investors commit to invest into 31 projects in Tra Vinh

Provincial chairman Tran Hoang Kim rejoiced after the investment promotion conference held in the province Saturday attended by Deputy Prime Minister Nguyen Sinh Hung.

“We haven’t summed up the investment value of the projects, but I estimated they reached thousands of billions dong or up to US$1 billion,” Kim told Daily on Sunday on the phone.

These investors are active in industrial park infrastructure, ports, electric, roads, steel, residential areas, education, building materials, cement, and manufacturing sectors.

The provincial chairman said these fields held great growth potential and were also the key industries of the province.

The province made it clear at the business meeting that it needed huge funds for developing ports, roads, bridges, power supply systems and infrastructure to facilitate the development of the newly-established Dinh An economic zone and industrial zones.

Dinh An Economic Zone, whose establishment was approved by Prime Minister Nguyen Tan Dung last month, encompasses Tra Cu and Duyen Hai districts with a total area of nearly 40,000 hectares. It will be home to the marine, tourism and port sectors, a port logistics-related and bonded warehousing area, and an urban residential complex.

The zone will be developed on 15,000 hectares in the first phase, which includes a fairway for large vessels to enter the Hau River. US$1 billion will be needed for this economic zone, which is the second in the Mekong Delta after the one in Ca Mau Province and the 15th in the country.

Vinashin Group as one of the 12 would-be investors at the conference will develop a shipyard at Dinh An Economic Zone, while Ham Giang Co., Ltd, committed development of an industrial park project in the zone.

Vietnam National Shipping Lines (or Vinalines) will develop a trading port at the zone, while Vietnam Posts and Telecommunications Group (VNPT) promised to develop telecom and IT infrastructure at the zone. Besides, VNPT also will develop telecom and IT infrastructure at Long Duc Industrial Park in the province.

Saigon Invest Group, developer of many industrial zones nationwide and several real estate projects, also committed to invest in three projects there including a new residential area in Tra Vinh Town. Besides, it also will develop infrastructure on an industrial park, and a duty-free area in Dinh An economic zone.

Meanwhile, HCMC-based property trading firm Hoang Quan Mekong has plans to develop infrastructure on 500 hectares in the zone.

Tra Vinh offers special incentives for investment in fields such as technical infrastructure for industrial parks, development of highly competitive industries, and export processing using local raw materials, said Huynh Van Tao, director of the province’s Department of Planning and Investment.

The province will guarantee sufficient infrastructure in industrial parks and fish ports, such as roads, power grid and water supply to each factory, he said. The province will be responsible for site clearance and compensation and coordinate major infrastructure works.

Tra Vinh will support investors with personnel training, land leasing, infrastructure construction, technology transfer and trade promotion, said provincial chairman Tran Hoang Kim.

“The provincial authorities are committed to creating more favorable conditions and incentives for investors in Tra Vinh,” he said.

At the conference, the province also issued an investment certificate to Ham Giang Construction Co., Ltd to develop Tra Cu Port worth more than VND400 billion in the province. Besides, Tra Vinh Construction – Investment Joint Stock Co. also got an investment certificate from the province to spend VND174 billion building a dormitory for Tra Vinh University.