The direction of innovation is to change the target in terms of attracting large-scale, dynamic projects, which are suitable with provincial advantages, and projects that apply advanced technology and protect the environment.
*Achievements in the "Covid context"
According to the report of the Department of Planning and Investment, the complicated development of the Covid-19 pandemic in the world is a challenge in calling for investment, notably attracting foreign investment for Vietnam in general and Tien Giang province in particular. With the efforts and determination of the provincial leaders, the results of investment attraction in the past year have far exceeded those of 2019. Specifically, in 2020, the province has attracted 37 new projects with a total registered capital of VND17,779 billion (of which, there are 11 FDI projects with a total investment capital of VND3,209 billion), 10 projects registered to increase capital by VND1,110 billion, bringing the total attracted investment capital in 2020 to VND18,889 billion, with an increase of 34% compared to 2019. Investors are interested in all 03 economic regions of the province, especially the Eastern region - the marine economic region has outstanding achievements in attracting 03 big projects such as Factory of Tan Phu Dong I wind power plant with an investment capital of VND4,465 billion, Factory of Tan Phu Dong II wind power plant with an investment capital of VND2,242 billion, Port - Petrol and gas depot - Liquefied petroleum gas and post-petroleum products DKC Tien Giang with an investment capital of VND3,646 billion. 2020 is also the first year that Tien Giang province attracts more investment outside industrial zones and clusters than in industrial zones and clusters. In addition to the above results, a number of projects with large investment capital are also being studied such as Industrial factory complex in Go Cong Dong district with an investment capital of VND4,190 billion, Cai Lay new urban area with an investment capital of VND2,100 billion, Investment project on construction and infrastructure business of Binh Dong Industrial Park with an investment capital of VND2,000 billion, Binh Dong commercial and service housing area with investment capital of 900 billion VND, My Thuan Park Resort project in Hoa Hung commune, Cai Be district with an investment capital of VND756 billion, etc. However, it should be recognized that the current weakest point of investment promotion in Tien Giang province is the lack of clean land, including industrial land for lease in industrial zones and clusters, etc.
*Forthcoming major works
According to the Department of Planning and Investment, in the near future, the province will promote activities to call for investment in projects on the list of priority projects calling for investment in the 2021 - 2025 period to be rebuilt in accordance with new requirements, in which, the province will focus on calling for investment in hi-tech agricultural production projects associated with processing industry, infrastructure of industrial zones and clusters, renewable energy, eco-tourism - spirituality, service; at the same time, step up the promotion and attraction of investment in the development of commercial housing, social housing, residential areas and new urban areas in association with focusing on exploiting and developing economic corridors along the Ho Chi Minh City - Trung Luong expressways, Trung Luong - My Thuan expressways, National Highway 1, Highway 50 through the province, etc. The goal this year will be to attract 06 investment projects with a total estimated investment capital of about $54 million into industrial zones and clusters, the labor force increased by about 3,000 people. The principle of partner selection will give priority to invite large enterprises, strategic investors; investors have clear orientation, competitiveness products, motivational and environment-friendly projects. In addition, the province will also focus on supporting to remove difficulties and obstacles for investors and businesses to quickly deploy projects that have been granted investment registration certificates, especially support for investment projects which need site clearance, construction permit, land procedures, etc.