Trà Vinh calls for investment in Định An Economic Zone
Trà Vinh calls for investment in Định An Economic Zone
The southern province of Trà Vinh is calling for investment in seven upcoming projects next year with a total projected capital of VNĐ77.3 trillion (US$3.15 billion), all based in the Định An Economic Zone.
A major port inside Định An Economic Zone in the southern province of Trà Vinh. The multi-sector coastal economic zone is being developed into a dynamic economic region. — VNA/VNS Photo Dương Giang |
One of the projects is a 105-hectare plant to produce green hydrogen.
The remaining six will focus on developing technical infrastructure for different areas in the zone, which are Ngũ Lạc Industrial Park (936ha), Ngũ Lạc Service Industrial Zone (305ha), Bonded Warehouse Area (101ha), Free Trade Zone (501ha), Đôn Xuân — Đôn Châu Industrial Park (934ha) and Định An Industrial Park (934ha).
Trần Viễn Phương, deputy head of the Trà Vinh Economic Zone Management Board, said that Trà Vinh Province is committed to providing favourable conditions for investors.
“Along with the highest incentives per Vietnamese land and tax laws, the province is implementing several supportive policies for investors, including investments in essential infrastructure projects and workforce training support,” he said.
For the Định An Economic Zone, investment procedures are conducted under a one-stop-shop mechanism, with the Trà Vinh Economic Zone Management Board serving as the focal agency to resolve issues when they arise, he added.
The Định An Economic Zone covers a total natural area of 39,020 hectares located in the southeast of the province.
It is a multi-sector coastal economic zone that includes industry, commerce, services, tourism, urban development and agriculture, forestry and fisheries.
The zone is being developed as a dynamic economic region, prioritising the development of sectors such as power generation, petrochemicals and shipbuilding, along with other supporting industries.
To date, it has attracted 48 investment projects with a total registered capital of nearly VNĐ148.6 trillion ($6 billion), including two foreign-invested projects with a total registered capital of $2.4 billion, creating jobs for nearly 5,200 workers.
Of those, 35 projects have started operation and 13 are still in the development phase.
