The southern province of Tien Giang recorded 556 newly-established enterprises with total registered capital of more than 3.5 trillion VND (149.3 million USD) in the first 10 months of 2018, up 8 percent and 67.6 percent year-on-year, respectively.
Tien Giang Investment Promotion Conference held in August (Source: vneconomy.vn)
The increases made a record high, Vice Chairman of the provincial People’s Committee Le Van Nghia has said.
There are currently 5,039 enterprises operating in production, business, trade and services in the locality. It also has nearly 61,000 business households, of which 3,830 were registered during January-October.
In the period, Tien Giang attracted 23 new investment projects worth more than 2.8 trillion VND (119.5 million USD). Moreover, 3.8 trillion VND (162 million USD) was added to seven existing projects. Therefore, the investments the province drew in the first 10 months exceeded 6.6 trillion VND, a year-on-year rise of more than 73 percent.
Nghia stated that this year, the locality has rolled out the red carpet for everyone who wants to start business by encouraging the startup spirit and creating favourable conditions for them.
The provincial People’s Committee held regular meetings with enterprises and the Investment Promotion Conference 2018, he said, adding that the province has also prioritised administrative procedure reform and trade and investment promotion.
According to the committee, good business development work has had positive impacts on local economic growth. As of late October, retailgoods and services generated revenuesofnearly 47 trillion VND (2 billion USD), up 8.9 percent against the same period last year. Meanwhile, industrial production values surpassed 75 trillion VND, up 14.2 percent year-on-year./.