Tra Vinh Provinceeâ€s Industry with Impressive Development

With a high growth rate, Tra Vinh industry and handicraft in 2007 hit VND2,441 billion, 105.25% of the plan and up 26.51% over 2006. The state owned sector recorded VND1,235 billion and increased 24.64%; the non-state sector VND1,100 billion and 24.64%; and the FDI sector VND69.3 billion and 2.2 times. All main products have achieved or exceeded the plan, including coconut and coconut fibre, aquatic products and foods.

 

Aquatic product processing has increased in quality and quantity, diversified and qualified for export to Europe, North America, EU and Japan. In addition to processing factories for export, four private companies in Chau Thanh district and Tra Vinh town are supporting production units. Frozen aquatic product output was 15,807 tonnes, 2.66% more than 2006, including 5,778 tonnes of shrimp (increasing by 26.39%) and 3,143 tonnes of fish (increasing by 26.35%).

 

The processing industry focuses on coconut fibre (32,879 tonnes, increased by 28.46%), dried sliced coconut (3,884 tonnes), coconut carpet (860,000 sq. meters), coconut coal (1,800 tonnes, increased by 50%). In 2007, Tra Vinh exported 2,850 tonnes of sliced coconut, 7,050 tonnes of coconut fruit, 2,150 tonnes of coconut coal, 9,000 tonnes of coconut fibre and 36,619 sq. meters of coconut carpet, with a total turnover of US$7.8 million, 62.50% more than 2006.

 

In particular, Tra Vinh has big enterprises such as My Lan, My Phuong, Khaki Hogan, Long Duc and Nam Viet, creating thousands of jobs for local people. My Phuong footwear company in Tie Can district recruited 3,000 workers in the initial stage. Meanwhile Khai Hoan Footwear Company in Long Duc industrial zone recruited 1,000 workers. Nam Viet in Cang Long and Khanh Phong, in Cau Ngang, each recruited 50-500 workers.

 

Businesses have also developed, with 747 enterprises including a foreign invested company, eight joint stock companies, five branches, three cooperatives, 10 private companies and 685 household businesses. By the end of 2007, Tra Vinh had 6,705 industrial and handicraft units generating 34,368 jobs, 5,613 more jobs than 2006.

 

According to Mr Le Tan Luc, Director of Tra Vinh Industry Department, “Industry is the driving force, and processing industry is the core.” For the present and the future, the processing of aquatic products continues to be the main industry. Tra Vinh encourages all economic sectors in the processing of agricultural and aquatic products, supporting expenses for test production (VND5 billion for each product), soft loans and credit collateral, supporting 100% of interest for 12 months for equipment purchase, 30-50% of expenses for technology transfer (VND500 million each technology), 100% of registration fees for industrial property, and 50% reduction of fees for the first 10 advertisements.

 

In particular, Tra Vinh will expand cooperation and links with enterprises outside the province, develop the production of competitive products such as aquatic products, coconut coal and dried, sliced coconut. The province will also promote industry, train more workers, develop small and medium enterprises and craft villages, and increase exports.