Tien Giang province seeks investors for 40 projects

Vietnam's Mekong Delta province of Tien Giang is seeking investors for 40 projects worth VND53.9 trillion ($2.18 billion) in various fields.

The wishlist was released at a conference in My Tho town on Sunday to announce the provincial master plan for 2021-2030, with a vision to 2050.

It includes 13 projects in urban and residential area development; seven in trade, services and tourism; 12 in industrial production; five in education, health, culture, sports and environment; and three in agriculture.

On the occasion, provincial authorities granted in-principle approval or investment certificates for 15 projects, and investment research approval for 10 others.

According to the new master plan, Tien Giang will be transformed into a well-developed industrial hub by 2030, boasting modern and synchronous infrastructure.

"The province will have economic centers focusing on industrial production, tourism, the marine economy, and urban development. It will serve as an important bridge connecting the Mekong Delta to Ho Chi Minh City and the southeastern region," said chief of the provincial Party Committee Nguyen Van Danh.

Danh said that the master plan clearly identifies new, important driving forces for Tien Giang's socio-economic development, focusing on “one strip, three centers, four economic corridors, and three development breakthroughs”.

In addition to a strip along the Tien River, the three centers will be in My Tho town, Chau Thanh district and Cho Gao district. The four economic corridors will be made up of Trung Luong-My Thuan Expressway, National Highway 1 and National Highway 50B; the coastal road and National Highway 50; and the Tien River. The three development breakthroughs comprise infrastructure, administrative reform - investment environment improvement, and human resources.

Speaking at the event, Prime Minister Pham Minh Chinh asked Tien Giang to become an industrial and service-oriented province, acting as an economic growth pole for the Mekong Delta.

"Focus should be placed on unleashing resources to leverage existing growth drivers such as exports, investment, and consumption, while making breakthroughs in new growth engines, including digital transformation and green transition; circular, sharing and knowledge-based economy; and climate change mitigation," he noted.