Tien Giang praised for unity in investment climate improvement

Prime Minister Nguyen Xuan Phuc applauded the good policies and the consensus of Tien Giang’s political system in improving local investment and business climate while speaking at an investment promotion conference of the Mekong Delta province on August 9.

The Tien Giang Investment Promotion Conference
The Tien Giang Investment Promotion Conference

Addressing more than 500 delegates from central agencies, localities and businesses, he said Tien Giang boasts huge potential and advantages for socio-economic development.

It has issued open investment policies, thus facilitating production and businesses activities and creating jobs for local people.

With a favourable location making it a gateway of the Mekong Delta, the province also acts as a link connecting the region with Ho Chi Minh City.

The PM hoped that it will build on the attained successes and remove obstacles and shortcomings to strongly attract investment, thereby creating momentum for fast and sustainable socio-economic development and becoming a driving force of the Mekong Delta region.

He also called for businesses’ support for local investment attraction policies and engagement in ensuring social welfare for the sake of both Tien Giang and Vietnam’s development.

Tien Giang Chairman Le Van Huong said the province’s economy has grown steadily in recent years with annual economic growth rate averaging 8.2% since 2016 – an impressive figure amid a number of economic difficulties.

With a population of over 1.7 million, Tien Giang has an abundant workforce and is strong at rice cultivation, fruit tree farming, animal husbandry, trade, services, and industry, he noted.

Huong said that his province has implemented consistent investment attraction policies. Notably, it has paid heed to reforming administrative procedures and creating an optimal investment climate and a favourable legal corridor for businesses.

As a result, Tien Giang is now home to some 4,800 enterprises with about 700 new firms established every year, a sharp rise from 165 companies in 1995. In the first half of 2018, more than VND7.2 trillion (US$309 million), up three-fold from a year earlier, was poured into 18 new investment projects and three existing ones in the province.

At the meeting, provincial authorities presented investment approval certificates to 30 projects worth nearly VND16.2 trillion (US$695.4 million) which will be carried out in 2018 and 2019. They also introduced 19 projects in need of investments in the following years.