Deputy Prime Minister Nguyen Sinh Hung has called on domestic and foreign businesses to invest in the Mekong Delta province of Tra Vinh to help it reduce poverty.
While chairing an investment promotion conference on May 30, Mr Hung said that Tra Vinh is one of the poorest provinces in the Mekong River Delta, but with a more than 70km long coastline and a system of crisscrossed rivers, it has great potential for developing a marine-based economy.
“If the marine-based economy and a seaport system is developed, Tra Vinh will be an important gateway for trade exchanges to not only other regions in Vietnam but also to other countries in the region and the world,” said Mr Hung.
According to Mr Hung, the government has approved a project to build the Dinh An economic zone which is under construction. In the near future, large-scale thermal power plants, a petrochemical plant, a steel mill and a shipyard will be built along with the development of a seaport system and the Quan Chanh Bo canal system to facilitate waterway transport.
government has approved projects to widen National Highways 53, 54 and 60 and build bridges in the province to shorten travel time between Tra Vinh and nearby provinces, especially HCM City.
Representatives of more than 100 domestic and foreign businesses attended the conference. They signed 23 investment projects with Tra Vinh, focusing on industry, trade and infrastructure construction.
Tra Vinh is home to a majority of ethnic groups, with the Cham people making up nearly one third of its population.
At present 850 businesses are operating in the province with a combined investment capital of VND3,000 billion.
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