Tien Giang province accelerates enterprises development

ABO - The situation of attracting investment and business development in Tien Giang province continues to achieve good results, contributing to promoting socio-economic development in 2018 as well as next years.

Specifically, from the beginning of the year, the province has nearly 180 newly established enterprises, total registered capital of VND 1.115 billion, up 14.2% in quantity and 27.1% in capital over the same period of the last year. Through the survey, the scale of investment capital also increased from VND 5.7 billion/enterprise to VND 6.3 billion/enterprise. Up to now, there are 4,581 enterprises operating in the fields, contributing to job creation, attracting laborers and creating abundant sources of products to supply domestic and export markets.

My Tho Industrial Zone, Tien Giang province. Photo: Huu Chi

In addition, the attraction of investment has been also very optimistic. Since the beginning of the year, Tien Giang has attracted 5 more investment projects in industrial zones with registered capital of over VND 483 billion, of which three FDI projects, up one project and up 13 percent registered capital over the same period last year.

According to the leaders of the Tien Giang provincial People's Committee, from the beginning of the year, the province has drastically implemented the directives and resolutions of the Central Committee and the Provincial Party Committee related to the leadership to improve the effectiveness of support and development of joint in the year 2018 as well as the road map up to 2020.

The objective aimed to create the most favorable conditions for enterprises to invest and improve the business investment environment as well as minimize the start-up costs, encouraging businessmen to invest in their strengths. For enterprises operating stably, they shall be encouraged to invest in renewing their technological lines and raising the competitiveness of enterprises in the market.

On the other hand, Tien Giang also implemented the Law on Support for Small- and Medium-sized Enterprises and other legal documents guiding the implementation of the Law as well as measures to implement the Standing Committee's Resolution No. 06-NQ /TU of the Provincial Party Committee aw sell as programs and plans to implement the direction of the central and provincial government in the spirit of "Government accompanying enterprises".

In addition, along with the overall solutions for enterprise development in the province, the province also proposed specific policies and measures for each of the key areas of the province: the central economic-urban area, the economic zone east - east urban and western - western economic zone.

Tien Giang aims to have 730 new founding enterprises with a total registered capital of VND 3,196 billion, up 9.3% in quantity and 9.1% in registered capital compared to the year 2017.

(According to tiengiang.gov – Translated by HUU CHI)