According to statistics, in the period 2021 - 2023, Tien Giang attracted 43 investment projects, including 17 foreign investment projects, with a total registered investment capital of more than VND13.5 trillion. This helps Tien Giang province always be in the group of leading provinces and cities in attracting investment, especially foreign investment in the Mekong Delta region. This result is possible thanks to the province’s synchronous implementation of solutions to improve the investment and business environment in a favorable, equal, friendly, open and transparent manner. At the same time, the province promotes solutions to attract investment.
 Vietnam Advance Tire Co., Ltd.has a total investment capital of $400 million. |
A major project that the province has attracted investment in and has been operating is the tire factory of Vietnam Advance Tire Co., Ltd. (Long Giang industrial zone). The factory area is more than 296,000m2, with a total investment capital of $400 million. Currently, the company creates jobs for 1,100 workers. The phase 2 project has also been completed and reached maximum production output.
Mr. Fu Hong Jiang, Deputy General Director of Vietnam Advance Tire Co., Ltd. said: “Since the establishment of the factory, the company has made efforts to maintain a good relationship with the People’s Committee of Tien Giang province. At the same time, the company strictly complies with local laws. With the direction and support of the Provincial People’s Committee leaders, the project implementation went smoothly. From a business investment perspective, investing in Vietnam is a very right choice. The company has received full support in terms of employment, finance, taxes, practice certificates for foreign experts, relatively stable energy, transportation significantly improved. In 2024, the enterprise will start construction of phase 3 of the project. After the project is completed, it will have a production capacity of 6 million products/year, with an estimated investment capital of $200 million”.
BestWay Vietnam Entertainment Sports Products Company Limited (Long Giang industrial zone) is also one of the projects that the province has attracted in recent years. Products produced by this company are mainly exported to European and American countries. With the support of the province as well as the investment potential of Tien Giang, the company is currently investing in phase 3 of the project.
Mr. Chen Lihui, General Director of BestWay Vietnam Entertainment Sports Products Company Limited, said: “The company’s output of goods consumed in 2023 increased by 2 out of 3 compared to 2022. Export output reached $151 million. From September 2024, the company's phase 3 project will begin operating. During the process of expanding production scale in phase 3, the Provincial Industrial Park Management Board has supported businesses a lot, and licensing was also done very quickly. In the next 2 years, the company will continue to expand its scale of operations to 5,000 employees. Currently, the company is in great need of recruiting workers, so the company hopes that the province’s functional branches will support them in recruiting workers.”
 BestWay Vietnam Entertainment Sports Products Company Limited is currently preparing for phase 3 investment. |
At the Conference on master plan announcement and investment promotion of Tien Giang province taken place on March 24, leaders of Tien Giang province awarded decisions approving investment policies and investment registration certificates for 15 projects and awarded research policies to 10 projects. This indicates that investors have a great belief toward Tien Giang province.
Among the projects awarded investment policy decisions, one of the outstanding projects is the Tan Phuoc 1 Industrial Park infrastructure investment and construction project owned by Tien Giang IDICO Joint Stock Company. The project has a total investment of more than VND5,900 billion in Tan Phuoc district, where it is planned for industrial development.
According to Mr. Pham Van Chinh, General Director of Tien Giang IDICO Joint Stock Company, the company has conducted surveys, researches, and researched investment opportunities in many localities and realized the potential of Tien Giang in industrial park development. In particular, Tien Giang identified the industrial development pole as Tan Phuoc district. With the desire to invest in the project and contribute to the socio-economic development of Tan Phuoc district, the company has researched and proposed the investment project in construction and infrastructure business of Tan Phuoc 1 industrial zone with an area of 470 hectares. Currently, the enterprise is in the process of implementing procedural steps. The company commits to focusing all resources to invest in construction and development of Tan Phuoc 1 industrial zone.
With projects that have just been awarded investment policy decisions, investment registration certificates and research policies at the recent Conference, Tien Giang is determined to cooperate with investors to invest early so that projects can quickly be put into use.
In fact, with recent results achieved in attracting investment, the province is considered by many investors to be a potential and attractive destination where investors place their trust.
Anh Thu - Ha Nam
