According to Mr. Nguyen Thanh Liem, Deputy Head of the Provincial Industrial Zones Management Board, thanks to efforts in terms of overcoming difficulties, enhancing investment promotion and promoting investment, in the first quarter of 2020, Tien Giang has attracted 03 more investment projects into industrial zones in the provincial area, increasing by more than 50% over the same period last year and reaching 37.5% of the yearly plan. The total investment capital of the projects is over VND 1,026 billion and the industrial land area for lease is 10.7 hectares.
In addition, there are 08 times of projects adjusting the investment registration certificate, with the total adjusted capital increasing by USD 15 million, equivalent to VND 325.48 billion. Thus, up to now, industrial zones in the province have attracted 106 investment projects, including 75 foreign investment projects with a total investment capital of over VND 52,824 billion (FDI capital of USD 2,284.99 million, equivalent to VND 48,042.45 billion) and the total land area for lease is over 537 hectares, accounting for over 70% of the total area of industrial zones.
Tien Giang currently has four industrial zones: My Tho Industrial Zone, Tan Huong Industrial
Zone, Long Giang Industrial Zone and Soai Rap Petroleum Service Industrial Zone. In which, two industrial zones were filled up: My Tho Industrial Zone and Tan Huong Industrial Zone.
Industrial zones are located in favorable positions, in areas with great potentials for socio-economic development; therefore, many investors are interested. On the other hand, in the past time, Tien Giang has implemented many measures to encourage investment in industrial zones, actively reform administrative procedures, create a clear legal corridor, etc. Provincial Industrial Zones Management Board has coordinated closely with the concerned industries and businesses to actively remove obstacles and difficulties in the fields of order security, labor recruitment, trade union organization in enterprises, etc., helping businesses boost production, business, dominate the market, create jobs for workers.
As a result, from the beginning of the year until now, despite the global economic downturn due to Covid-19 epidemic and widespread natural disasters, the production and business situation of enterprises in industrial zones in the first quarter of 2020 is positive. Industrial production value in the industrial zones reached over VND 17,587 billion, reaching 20.33% of the yearly plan. Enterprises in industrial zones in the province also exported products with the turnover of nearly USD 600 million, reaching 20.68% of the yearly target.