Tra Vinh Promotes Internal Force

8:37:55 AM | 8/6/2011

With great effort in socioeconomic development, Tra Vinh has managed to raise local living standards and enjoy high economic growth. Tra Vinh confidently targets a 14% economic growth rate in the coming time. To achieve this, the province will promote its internal force and further open its investment environment.
Tra Vinh is endowed with 65 kilometres of coast, surrounded by the Tien River and Hau River with two seaports Dinh An and Cung Hau, which facilitates the development of water transportation. It is convenient to move from Tra Vinh to Ben Tre, Tien Giang and Ho Chi Minh City by waterway on the Tien River. Besides, Dai Ngai Ferry, built in 2010, has been the artery connecting Tra Vinh with other Mekong Delta provinces, Ho Chi Minh City and the South East, which is convenient for investment, business, tourism and import-export.
Not only conveniently located, Tra Vinh is also considered a locality with plenty of potential for agricultural development. Tra Vinh’s viewpoint on agriculture is to positively and efficiently shift upward. Local scientists have been successful in multiplication of high-yield, high quality rice. In fishery, many models of raising crayfish, catfish and other fish have also benefited the residents. Agricultural products such as industrial plants, fruits, cattle and the above fisheries provide inputs to develop manufacturing and exports. Tra Vinh focuses on the manufacturing industry, especially frozen shrimp for export with capacity of nearly 14,000 tonnes of finished frozen shrimp per year. Some industries such as pharmacy, sugar, desiccated coconut, mineral water, and garment for export also hold large proportions in provincial development.
Mr Tong Minh Vien, Deputy Chairman of Tra Vinh Provincial People’s Committee, said that besides advantages of material sources, one attraction for investors is infrastructure in industrial zones and parks, economic zones as well as favourable policies. Accordingly, Tra Vinh is gradually completing Dinh An economic zone, Long Duc, Co Chien and Cau Quan industrial zones, which create good conditions for construction and development of projects in the province. Technical infrastructure is comprehensively and completely built. At the same time, the province adopts many favourable policies for investors, such as tax exemption for projects investing into new industries or priority fields; low cost land leases; support in vocational training and technology transfer; assistance in technical infrastructure, transportation, electricity, and water to project boundaries. In addition, Tra Vinh offers free support services such as: surveying, planning investment projects, investment permitting, compensation and land clearance. All these typical favours have become crucial factors increasing the attractiveness of Tra Vinh’s investment environment.
With existing internal forces, appropriate policies, and setting up an appealing investment environment, it is promising that Tra Vinh will make breakthroughs in the coming time. In 2011-2015, Tra Vinh targets provincial economic growth rate of 14 percent per year and per capita income by 2015 of VND34 million per year (US$1,500), nearly double that of 2010. GDP structure by 2015 is: agriculture – forestry – fishery accounting for over 38 percent; industry and construction over 28 percent; and service 33.87 percent; export turnover value in 2015 is about US$ 300 million, increasing by 2.14 times against 2010. The province expects to contribute twice as much to the national budget in the province as in 2010, in which estimated collection increases by 16 percent per year on average; total investment capital into social development in five years is about VND 76.621 billion.
To beat targeted goals, especially GDP growth of 14 percent per year on average, freeing Tra Vinh from poverty and making it a medium province in the region, in the coming years, Tra Vinh will concentrate on fostering infrastructure construction for industrialization and modernization. The province also boosts research, applies modern technologies in agriculture and builds up specialized agricultural zones. Meanwhile, Tra Vinh will also pay special attention to industrial and tourism development suitable to provincial strength and potential. It also boosts the transformation of economic structure toward the direction of more industry and service. Connection with regional provinces to support new development is its priority.
At the same time, the province actively coordinates with Governmental departments and ministries to study, evaluate impacts of climate change in the province, from which it, together with regional provinces, will propose specific measures to efficiently act, as well as re-plan residential areas, communes, towns; focus on comprehensively developing criteria to build new rural areas, targeting at least 20 percent of communes meeting new rural criteria by the end of the tenure. 
Lan Ngoc