Over 7.3 billion VND for Tra Vinh Province Investment Promotion Program in 2025

Provincial People's Committee leaders visited the working conditions of workers at Viet Tran Company Limited (Long Duc Industrial Park, Tra Vinh city).

The Investment Promotion Program aims to: promote propaganda, promotion, introduction of the environment, policies, potentials, opportunities, investment connections and improve the effectiveness of promotion activities, in line with the socio-economic development process of the province and the country to create favorable conditions for investors to access; strive in 2025, through investment promotion activities, to attract large-scale domestic investment projects, which are dynamic and suitable to the advantages of the province; in line with the orientations of the ministries and central branches. Focus on mobilizing investment resources to build infrastructure for socio-economic development of the province, build technical infrastructure of industrial parks (IPs), industrial clusters (CCs), seaports, logistics, agricultural processing factories, tourism, focusing on calling for investment in renewable energy projects to create the premise to become a renewable energy export center, research to attract investors to build golf course projects...; Mobilize investment attraction according to the list of projects calling for investment in 2025, focusing on partners with financial capacity and investment experience, in line with the province's socio-economic development plan; investment promotion activities focus on implementing 03 strategic breakthrough goals: institutional innovation, administrative reform; improving the quality and efficiency of human resources and strategic infrastructure, transport infrastructure.

Identify enterprises as the target to serve in order to do a good job of orientation, support, policy stabilization, and creating a favorable environment for enterprises; continue to research and evaluate the potential, trends, and investment partners from countries with investment projects in the province such as Thailand, Korea, China, etc.; at the same time, expand research on the potential of investors from the UK, Australia, the US, Canada, etc. to collect information to clearly identify the needs and investment trends of each partner; from there, propose approaches, establish communication channels, and propose effective forms of investment promotion organization, saving resources from the budget; Maintain regular dialogue with investors to promptly detect and handle difficulties and obstacles of operating projects, ensure projects operate effectively and on schedule, and continue to strengthen investors' confidence in the province's investment and business environment, creating a spillover effect and positive impact on new investors; pay attention to training investment promotion skills for officials in charge of the promotion process, especially in approaching foreign investors.

Regarding investment attraction orientation: implementing investment promotion activities according to the orientation in Resolution No. 50-NQ/TW, dated August 20, 2019 of the Politburo on orientations for perfecting institutions and policies, improving the quality and effectiveness of foreign investment cooperation by 2030 and Resolution No. 58/NQ-CP, dated April 27, 2020 of the Government promulgating the Government's Action Program on orientations for perfecting institutions and policies, improving the quality and effectiveness of foreign investment cooperation by 2030 and the Foreign Investment Cooperation Strategy for the period 2021 - 2030 in Decision No. 667/QD-TTg, dated June 2, 2022 of the Prime Minister.

Some orientations are as follows: determining the correlation and role of the province in the Mekong Delta region, especially closely following the Planning of Tra Vinh province for the period 2021 - 2030, with a vision to 2050 approved by the Prime Minister in Decision No. 1142/QD-TTg, dated October 2, 2023. Identifying strategic areas, focusing on investing in key projects, unlocking resources, avoiding scattered and fragmented investment; promoting the improvement of the investment environment, administrative reform, dialogue with businesses and investors, and improving the efficiency of investment promotion work.

Strengthening on-site investment promotion, investment promotion of enterprises in the key economic zone of the South, forming a supply chain for production, transportation, and consumption of products, increasing income, enhancing competitiveness for enterprises, creating preparations to welcome large enterprises to invest in the province; focusing on calling for investment in building technical infrastructure of economic zones, industrial parks and industrial clusters; focusing on exploiting industrial parks and industrial clusters in the area, completing infrastructure to create clean land, traffic connections, training human resources... to be ready to receive investment; implementing additional planning for areas requiring sea reclamation to call for investment; focusing on promoting cooperation with foreign enterprises with high technology to apply technology, innovate, transfer technology, apply to industries and fields where the province has strengths and brands, improve productivity and quality for export to international markets.

Promote investment promotion focusing on areas with strengths and potential of the province such as: marine economy (seaports, logistics, seafood processing factories, wind power, renewable energy), energy industry, raw material areas and agricultural processing factories, tourism, infrastructure of industrial parks/clusters, logistics systems; investment promotion activities of the province need to ensure regional connectivity, be strategic, create breakthroughs, and spread socio-economic development in the region; strengthen coordination with units under the Ministry of Finance in the Southern region to implement investment promotion programs for the entire region.

Regarding the content of the Investment Promotion Program, it includes: research activities, assessment of potential, market, trends and investment partners: image building, propaganda, promotion, introduction of the environment, policies, potential, opportunities and investment connections; support, guidance, facilitation for investment activities; building information systems and databases to serve investment promotion activities; building a list of projects calling for investment; building publications and documents to serve investment promotion activities; training, coaching, capacity building on investment promotion; domestic and international cooperation activities on investment promotion; the total budget for implementing the Provincial Investment Promotion Program in 2025 is 7,327 billion VND from the provincial budget.

To achieve the contents of the investment promotion program, the Provincial People's Committee directed departments, branches, sectors and localities to implement solutions: participate in investment promotion and cooperation forums at regional, national and international levels; register to work with embassies, consulates general, foreign economic organizations; select potential investors with good capacity to directly call for investment in key, large-scale projects in economic zones, industrial parks and industrial clusters; call for investment in building technical infrastructure of economic zones, industrial parks and industrial clusters; agricultural and aquatic product processing industry; develop infrastructure, urban areas, renewable energy; develop trade - service centers, tourism...;

Disseminate investment policies, conditions and environment: publish publications on projects calling for investment, investment incentive policies to potential domestic and foreign investors, through trade offices at Vietnamese embassies abroad, foreign trade offices in Vietnam, through seminars, conferences, through mass media; develop a list of priority projects calling for investment, preliminary projects, feasible projects with conditions for immediate implementation; introduce investment conditions and environment at forums, investment calling activities, publicize development plans to call for investment.

Build a database on natural conditions, socio-economic conditions and investment environment ready to provide when investors request. Synthesize reports on requirements, advantages and difficulties of investors who are surveying and preparing for investment, as well as investors who have invested in and outside economic zones, industrial parks and industrial clusters; improve the professional qualifications of the staff performing investment promotion work to be truly professional, meeting practical requirements.

Accordingly, the Provincial People's Committee assigned the Department of Finance to preside over and coordinate with the Provincial Economic Zone Management Board, provincial departments, branches and relevant units to organize and implement the Investment Promotion Program; manage and implement activities to ensure efficiency, compliance with norms and estimates according to regulations; synthesize and report to the Provincial People's Committee on the results of implementing the Program's contents; receive recommendations and feedback from relevant agencies, organizations and individuals when encountering difficulties and problems in the process of organizing the implementation of the Program; recommend the Provincial People's Committee to amend and supplement to suit the actual situation of the province and according to the Central Government's guidance.

Economic Zone Management Board: takes the lead in implementing the approved Investment Promotion Program; combines and integrates investment promotion activities through seminars, conferences, and domestic and international promotion trips to improve the quality of promotion activities; establishes relationships with Vietnamese embassies and trade offices abroad and abroad in Vietnam in markets where investment promotion activities are carried out; manages and implements activities to ensure effectiveness, in accordance with prescribed norms and estimates.

Based on the budget allocated to implement the program, the Economic Zone Management Board coordinates with the Department of Finance to ensure expenditure for the program contents and serve as a basis for implementation. Provincial departments, branches and People's Committees of districts, towns and cities, based on the functions and tasks of each unit, are responsible for coordinating with the Department of Finance and the Provincial Economic Zone Management Board to effectively implement the 2025 Investment Promotion Program in the fields under their management.

SUCCESS

Source: https://www.baotravinh.vn/kinh-te/hon-7-3-ty-dong-chuong-trinh-xuc-tien-dau-tu-tinh-tra-vinh-nam-2025-44281.html