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|Tien Giang Province has vowed to make itself a magnet for investors.-VNA/VNS Photo Vu Sinh|
Le Van Nghia, its deputy chairman, said this year the province has attracted investments of VND7 trillion (US$307 million), 4.47 times higher than the amount last year, in 18 new projects.
Three existing investors brought in an additional VND212 billion ($9.3 million) this year.
The People’s Committee has instructed relevant authorities to study the strengths, resources and goals of each region in the province to identify suitable investment projects for them.
Promotional plans are then made to attract investors, creating jobs, increasing exports and ensuring economic development.
To become more investor-friendly, the province has said that it will continue administrative reforms, focusing on procedures related to investment, land ownership, construction and others.
It is also working on improving its ranking in the Provincial Competitiveness Index and the Provincial Governance and Public Administration Performance Index.
Nguyen Van Dao, chairman of the Tien Giang Business Association, said the province is part of the Southern Key Economic Region, and since it is located along the Tien River it has a large network of waterways linking it with other parts of the south.
These, together with the province’s abundant resources and labour, make Tien Giang attractive to investors, he said.