Trà Vinh: Investment boom in the Dinh An economic zone!

Trà Vinh: Investment boom in the Dinh An economic zone!

Tra Vinh, a province in southern Vietnam, is intensifying its efforts to attract investors for various projects in the Dinh An economic zone. This strategy has already shown impressive results as the industrial park development planning strategy has helped attract numerous investors. A total of 84 investment projects have been realized to date with a total capital of nearly VND 123,548 billion, including 13 foreign projects with over USD 2,519 million, such as vietnam.vn reported.

The Dinh An Economic Zone covers an area of ​​39,020 hectares and includes several industrial parks: Long Duc with 98,006 hectares, Cau Quan with 120 hectares and Co Chien with 199.98 hectares. The master plan for this economic zone was approved on September 5, 2011 and shows the potential to develop a dynamic economic region focused on various sectors, including industry, trade and services, as well as renewable energy.

Infrastructure investments and projects

The expansion of the infrastructure is another focus. So far, 18.1 km of asphalt road has been put into operation with an investment of VND 1,116 billion. Planned investments in routes No. 03 and No. 04 (12.47 km) amount to VND 1,034 billion. These infrastructure investments are intended to connect the different functional areas within the economic zone. The expansion of Provincial Road 914 to National Road 53 to four lanes was also approved, further improving accessibility to the zone.

In order to increase the attractiveness for investors, the administrative board of the economic zone plans to adjust the master plan until 2040. Projects such as the Dinh An General Wharf and the coastal corridor road project are being actively implemented. Particularly worth noting, Tra Vinh Province is targeting investments for seven more projects in Dinh An Economic Zone in 2024, with a total projected capital of VND77.3 trillion (approximately $3.15 billion), as vietnamnews.vn reported.

Focus on sustainable development

One of the most important projects is a 105-hectare plant for the production of green hydrogen. In addition, six other projects focus on the development of technical infrastructure in the economic zone. These include the Ngũ Lạc Industrial Park and various service and free trade zones, which will promote economic diversity and job creation. Currently, 35 projects are operational while 13 are in the development phase.

Tra Vinh Province relies on a “one-stop mechanism” to speed up the investment approval process. This mechanism allows investors to easily gain access to capital, land and labor. To promote investment in renewable energy and environmentally friendly technologies, the province expects close cooperation between vocational schools, universities and companies to train the necessary specialists.

Supporting companies through low-interest loans for technology renewal is also part of the strategy to establish the Dinh An economic zone as an attractive location for investments.