Tra Vinh province faring well in the year to date

The province is looking to bring numerous wind farms into operation before the end of the year

As a western coastal province, the total aquacultural area surpassed more than 48,500 hectares in the first seven months this year, reaching 84.2 per cent of the year’s overall target.

Leveraging the application of science and technology, the province’s seafood output amounted to nearly 128,000 tonnes, equal to 54 per cent of the year’s plan and representing an excess of over 4,150 tonnes compared to one year ago. Of this, over 83,000 tonnes came from aquacultural areas serving local consumption as well as export demands.

Figures released by Tra Vinh Department of Planning and Investment show that the province is home to 3,170 businesses, including 238 new startups during the last seven months, with a registered capital of $2 billion, averaging $82,180 per business and providing jobs to over 95,000 labourers.

Businesses in operation number 2,740 units valued at a total $1.8 billion, providing jobs to nearly 88,000 labourers. Compared to the previous year, the total capital volume increased 1.8 times.

The use of online public services in business registration has effectively supported companies in handling procedures. Online transactions reached 51.4 per cent in the first seven months.

During the period, 17 projects of local investors got approved with a total capital value surpassing $449 million, bringing the total number of operating projects in the province to 384.

By the end of June, Tra Vinh had put into operation four transport infrastructure projects, including a paved road of nearly 28km in length and four bridges with a total length of over 330m, valued at $20.2 million.

According to Tra Vinh Department of Transport, in the latter part of 2021, the construction of four other projects valued at more than $70 million will be kicked off.

These projects will add another nearly 27km of roads and 14 bridges. The projects involve a road connecting Chong Van Bridge with the National Highway No.54, the expansion and upgrade of a road leading to Dinh An Port in Duyen Hai district, and a road linking to the National Highway No.53, as well as transport infrastructure connecting Tra Vinh city, Chau Thanh district, and Cang Long district to the national highways 60 and 53.

Two transformer stations belonging to the Dong Hai 1 wind farm project in Duyen Hai district were successfully plugged into the national power grid. Each station has a capacity of 63MVA, and both are key components in the renewable energy schedule.

The Dong Hai 1 wind farm, developed by Trung Nam Tra Vinh 1 Wind Power JSC under Trung Nam Group, consists of 25 wind turbines, each with a capacity of 4MW. The wind farm is expected to churn out an estimated 365 million kWh per year and is valued at more than $217 million in total investment value.

Tra Vinh envisages bringing five wind farms into operation in October. Until now, the province has approved investment plans of eight wind projects with 570MW in total capacity and $1.18 billion in the total investment value. By October, five of these would be plugged into the national power network, creating an impetus to push the local economic development and increase budget contribution.

Tra Vinh has set the goal of bringing the province’s total wind power output to over 1,600MW by 2030 following the revised Power Development Plan VII which was approved by the prime minister in 2020.