Home G13 - Mekong Delta Tra Vinh province Tra Vinh

Tra Vinh

1. Geographical location and natural conditions:
Tra Vinh is a 65 km coastal province in the Mekong Delta with the area of 2,292 square kilometers and the population of about 1.1 million people (of which the ethnic Khmer accounts for about 30%), including a provincial city and seven districts. It borders the East Sea to the East, Vinh Long to the West, Soc Trang to the South and Ben Tre to the North.

Tra Vinh is 200 km far from Ho Chi Minh City with Highway 53, and it is only 130 km and takes you over 2 hours drive by the upgraded National Highway 60. It is 95km far from Can Tho City and 230 km from the border of Vietnam- Cambodia.

Surrounded by two branches of the Mekong (Tien River, Hau River) with two river mouths (Cung Hau and Dinh An), so waterway transport in Tra Vinh is highly developed. Tra Vinh is a potential province on agriculture, aquaculture which are a rich source of materials for processing industry. Located in the tropical region with average temperature of 26o-27oC, average humidity of 80-85%/year, Tra Vinh has a cool climate all year round and little affected by the storm and flood. Tra Vinh rainy season is May – November, dry season is December – April, average rainfall of 1,400 – 1,600 mm. Thus, Tra Vinh  has favorable natural conditions for production and business.

Flow for big tonnage ships to Hau River is started. The ship flow goes through East Sea, crossing the Districts of Duyen Hai, Tra Cu.  Its capacity is for ships of over 20,000 ton to Cai Cui Port – Can Tho City and to other big ports in the Mekong Delta. Tra Vinh gains enough conditions for building an international entrepôt port at Dinh An estuary. Duyen Hai Electricity Centre with the capacity of 4,400 MW together with National Grid ensures electricity demand for manufacture and daily life. The Government has approved the projects for establishing Dinh An Economic Zone, Industrial Parks of Long Duc Broaden, Cau Quan and Co Chien. Moreover, the province has planned industrial complex in Districts and Cities, which is the condition for the province to attract investors. The expressway route Saigon – Trung Luong has been in operation, Rach Mieu and Ham Luong Bridges has been completed; Highway 53, 54 and 60 has broaden meeting the 3th delta standard. In the beginning of 2011, Co Chien Bridge and Dai Ngai ferry will be built, which will advantage the transport between Ca Mau – Bac Lieu – Soc Trang – Tra Vinh – Ben Tre – Tien Giang – Ho Chi Minh City and the Southwest region.

Provincial Party Committee and Provincial People's Committee, and leaders of relevant departments have enlisted the support of the Government; central ministries have strengthened external activities and the activities that call for domestic and foreign investment. Up to now, there are 24 foreign direct investment projects for garment, shoes, seafood, tourism and other fields with the total capital of about US$ 87 million. Besides, there are 67 domestic investment projects for agriculture, seafood processing, pet food, building ports, hospital, petrol general station with the registered capital of about VND 4,000 billion.

Tra Vinh City, Duyen Hai Town and Tra Cu Cultural District will be established in the near coming time. Tra Vinh Authorities are always beside investors, advantage investor in their business.

2. A number of macroeconomic targets in recent years

Targets

Year  2007

Year 2008

Year 2009

Year 2010

(expected)

GDP growth rate (%):

Of which:

- The added value of the agricultural (%)

- The added value of the forestry (%)

- The added value of the fisheries (%)

- The added value of industry (%)

- Value added of construction (%)

- Value added of services (%)

13,74

 

4,68

2,25

11,56

22,95

16,80

23,89

8,77

 

3,1

35,94

10,68

22,84

17,21

22,5

    8,2

 

   2,91

 7,06

   0,05

6,67

 28,41

 16,62

12

 

03

10

09

11

25

20

Export turnover (million USD)

72

107,2

120

140

An average GDP per capita (USD)

507

547

600

653

3. Human Resources:
Skilled labor in working age makes up over 60%.
Training institutions: There are Tra Vinh University, teaching colleges, Medical college, vocational schools, computer and foreign languages centre, 04 continuing centres, 24 High schools…

4. Conditions or investment incentives
With the preferential policies on tax, land rent, transfer of technology and encourage scientific and technological activities, support training for employees, ..., investors who invest in the areas of preferential investment have to implement under Annex I attached to the Government  Decision N0 05 /2007/QD-UBND dated on February 14th, 2007of Tra Vinh People’s Committee on the application of  preferential investment policies in the province of Tra Vinh, Decision No. 24/2007/QD-UBND dated on January 17th, 2008 of the Tra Vinh People’s Committee on adjusting and supplementing the application of a number of preferential investment policies in Tra Vinh province issued at Decision No. 05/2007/QD-UBND dated on February 14th, 2007. During the last years, Tra Vinh has made efforts in reforming administrative procedure to advantage investors in their business, applied the regulation on investment register under the standard ISO 9001:2000.
Decision No. 215/QD-UBND dated 04/02/2008 by Provincial People’s Committee on entrusting local authorities to advantage investors.

Decision No. 17/2008/QD-UBND dated 14/10/2008 on cooperation to solve problems related to doing business in Tra Vinh; Decision No. 387/QD-UBND dated 10/03/2010 on support information and procedure for compensation, resettlement, land delivery and withdraw, land rent in Tra Vinh Province pursuant to the Decree No. 69/2009/ND-CP.
According to report by VCCI, competition index of Tra Vinh Province has been improved during the last three years. Especially, the province ranked the 28th on 64 provinces in 2007, ranked the 25th on 64 provinces in 2008 and 17th on 63 provinces in 2009. It shows that Tra Vinh has made many efforts in improving investment environment to be clearer and more advantageous, which is highly appreciated by enterprises community.

In addition, if investors have some other needs, Investment- Trade- Tourism Promotion Center of Tra Vinh will counsel freely about: investment location, business establishment procedures and policies for investment incentives ... simultaneously the Center will use funds to promote and support partly expenditure to make the records: Certificate of business registration, record of enterprise establishment, copy of land record, seal carving, and Fire Protection.