Tra Vinh: The upcoming economic center of the Mekong Delta

Mr. Le Van Han, Deputy Secretary of the Provincial Party Committee, Chairman of Tra Vinh People's Committee speaks at the groundbreaking ceremony of TV.Pharm hi-tech pharmaceutical park, on November 28, 2020.

In the period of socio-economic development 2016-2020, Tra Vinh has achieved many successes with encouraging highlights, creating strong motivation and a solid foundation to carry out socio-economic development tasks in the next 5 years (2021-2025). With the belief that the whole political system, people and businesses will share a consensus, Tra Vinh will continue to strive and successfully complete new goals.

New development stage, new role

From 2016-2020, Tra Vinh’s industry attracts a number of FDI enterprises to invest in new sectors, creating diverse labor needs, varied new products, and markets that suited all countries in every continent.

With the advantage of having a 65-km-long coastline and a Government’s development plan on wind power, in 2020, Tra Vinh has granted 9 projects with a total capacity of 666 MW. By the end of 2021, it is expected that 5 projects with a total capacity of 270 MW will be in operation. Tra Vinh possesses all favorable factors to become one of the renewable energy production centers in the region, as well as connecting to the national electricity grid.

Taking advantage of its geographical advantages, investment condition. deep-water ports and logistics system, in the long term, Tra Vinh will be the customs gateway of the Mekong Delta region. This will be a long-term and stable maritime route, enhancing investment attraction in industrial parks and economic zone, and will become an important trade gateway not only in the Mekong Delta but to other regions in the country and the world, creating a new driving force for local economic development.

According to the master plan on development of Viet Nam's seaport system through 2020, with orientations toward 2030, Tra Vinh’s seaport system is classified as a type II local major port, including Tra Cu port (receiving ships from 10,000 - 20,000 tons), Dinh An port (receiving ships from 30,000 to 50,000 tons), Duyen Hai port and an offshore port receiving coal for thermal power plants.

Not only that, but the road transport infrastructure in Tra Vinh is also well-developed, with 4 main national highways 53, 53B, 54 and 60, connecting Tra Vinh province with Ho Chi Minh City and other provinces in the Mekong Delta region.

An overview of Tra Vinh city.

Not only that, but Tra Vinh’s tourism industry also possesses a lot of potentials. In addition to the natural beauty of mangroves, dunes, islets located between Tien and Hau rivers, Tra Vinh also has famous landscapes along with many historical relics, ancient architecture, cultural heritages, beautiful rivers and gardens, combined with wind power projects... create an ideal attraction.

In terms of human resources, along with an abundant labor force (working-age population of 620,000), the system of training institutions in Tra Vinh, from university to vocational college level, is well-invested, creating a supply of highly-skilled workforce for the local and regional labor market.

Having all the necessary qualities, Tra Vinh is now a “golden land” for investors. Entering a new phase with the 5-year socio-economic development plan for 2021-2025, together with the whole country and the world, Tra Vinh is enjoying a number of advantages but also facing disadvantages. Tra Vinh is determined to improve its leadership capabilities and the strength of the whole political system, promote democracy and national unity, bolster self-reliance and raising aspiration.

Accordingly, the province will continue the path of innovation, take advantage of the achievements of the fourth industrial revolution, effectively mobilize and use resources, link regions, promote rapid and sustainable development, adaptation to climate change. Tra Vinh strives to meet "new-style rural area" standards before 2025 and to become a leading developed province in the Mekong Delta region before 2030.

Harnessing the power of our oceans

Dinh An Economic Zone (EZ) in the Mekong Delta province of Tra Vinh, with a total natural area of 39,020 ha, is one of eight coastal key economic zones in Vietnam, which are all investment priorities, approved by the Prime Minister. After Phase 1 in 2020, 15,403.7 ha has become a multi-sector economic zone associated with the marine economy. The subdivision plan of the EZ is as follows: Non-tariff zone (501 ha), Ngu Lac Industrial Park (936 ha), Ngu Lac Industrial Service Zone (305 ha), etc. The Dinh An EZ is planned to have a bonded area, a non-tariff area, logistics, a frozen warehouse, etc, for future trading purposes.

With the benefits of the marine economy in the 2016-2020 period, Tra Vinh confidently strives to become the marine economic center of the Mekong Delta. The province has established these areas to become marine economic development zone, including Duyen Hai, Cau Ngang, Chau Thanh, Tra Cu districts, especially Duyen Hai town, by promoting industrialization, modernization, productivity, quality and competitive efficiency.

To achieve that goal, the province has made a plan to actively review, adjust and synchronously develop strategies, plans and master plans related to marine economic development towards integrated management, suitable to the marine ecosystem, ensuring a harmonious connection between conservation and development of the mainland, coastal and marine areas of the province and neighbouring provinces.

Khmer Pagoda, Tra Vinh province.

In addition, Tra Vinh focuses on developing seafood farming, exploitation and processing, encouraging sustainable seafood farming and exploitation activities associated with the protection and regeneration of aquatic resources; investing and promoting the application of advanced science and technology in farming.

Simultaneously, the province promotes marine tourism development, focuses on infrastructure investment, creates conditions for all economic sectors to participate in the development of eco-tourism, community-based tourism, etc. Developing, diversifying products, product chains, marine tourism brands, preserving and promoting the value of cultural and historical heritage to attract tourists.

Developing coastal industries, prioritizing hi-tech and environmentally friendly industries. Strengthening shipbuilding and maintenance, energy, mechanical engineering, processing industry, supporting industries. Focusing on a number of economic sectors based on the exploitation of marine biodiversity resources.

The province will pay special attention to investing in deep-water ports and inland wharfs suitable to the seaport system approved in the Prime Minister's Decision No. 1037/QĐ-TTg dated June 24, 2014, ensuring a connection between provinces and cities in the region and internationally. Strengthen investment attraction in the development of shipping services bonded warehouses, logistics, non-tariff zones, industrial service zones, goods distribution systems.

In addition to the investment incentive policy of the Central Government, Tra Vinh also has many preferential policies for investors and businesses. The province also creates an open, public and transparent investment environment, handles administrative procedures according to the "one-stop" mechanism, shortening the time for investment procedures.

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