Tra Vinh Investment Promotion Centre: Side by Side with Investors

Tra Vinh Investment Promotion Centre is an assistant for investors who want to explore the fortunes and make investment in Tra Vinh Province. In the past time, the centre has negotiated and consulted many projects for foreign and domestic investors such as a zinc printing plate factory (a US$10 million joint venture between Canada, South Korea and Spain) in Long Duc Industrial Zone.

 

The centre also completes the investment procedure for Malaysia-invested Hong Phat Company Ltd and a VND30-billion (US$1.9 million) tourism project of Rong Dat Viet Service and Tourism Company in Ba Dong Tourist Zone. It has also contacted with Vietnamese Canadians to discuss over the cultivation techniques and rural development, with Vietnamese Australians to call $2-million investment for a fuel oil processing technology line. In addition, the centre also admitted several applications for the building of Co Chien Bridge under the BOT mode.

 

Thanks to its efforts, in 2005 and 2006, the Tra Vinh Investment Promotion Centre successfully called four investment projects, namely a grindstone production investment project from Taiwan (already operated), a zinc printing plate production project, an cattle, poultry and fish feed production project from Taiwan (already operational) and coconut waste processing project from Australia.

 

To provide update information for concerned investors, Tra Vinh has opened two websites, such as www.tiptravinh.com.vn of the Tra Vinh Investment Promotion Centre and www.travinh.gov.vn of the Tra Vinh People’s Committee. The centre also closely cooperates with the Mekong Delta Region Investment Promotion Centre, the Southern Investment Promotion Centre and the Investment Promotion Agency to call potential investors to Tra Vinh. It also contacts with investment promotion delegations with embassies to call investment into the province, especially from Asian countries.

 

To provide more information in other localities, the centre issues various types of communications such as brochure, video compact discs and mass media. It also joins hands with the trade and tourism promotion centres in Tra Vinh and several provinces/cities to organise investment promotion conferences. Recently, the centre cooperates with the Vietnam Chamber of Commerce and Industry (VCCI)’s Can Tho Branh and other relevant bodies to open the Small and Medium Enterprise Week and with Tra Vinh Trade and Tourism to organise a trade fair on the Tra Vinh trade and tourism.

 

Mr Tram Vinh Thuan, Director of Tra Vinh Investment Promotion Centre, said: it is now not easy to persuade investors to pour money into Tra Vinh Province because other localities also offer incentives while Tra Vinh has certain difficulties in traffic conditions. “Therefore, we have tried our best to show our hospitality, heartiness and willingness to share difficulties with investors. At the same time, we will carry out promotion activities in the most professional and effective way,” he said.

 

In 2007, Tra Vinh targets to attract an investment capital sum that equal to 1 per cent of increase of the province’s gross domestic product (GDP) of VND650 billion and 19 per cent of the total social investment capital. To obtain this target, the centre has sped up the advertisement programmes on a larger scale.

 

The websites of Tra Vinh People’s Committee and the centre will be updated accurate information to investors who want to invest in the province. As of first quarter of 2007, the centre and relevant units in the province such as departments of planning and investment, trade and tourism will send a delegation to call investment and promote trade in Japan, South Korea and Taiwan. Last but not least, the centre will improve the professional knowledge of its personnel to work in a more demanding environment.