Mekong Delta Attracts FDI: New Opportunities

The Mekong Delta is facing many opportunities to overcome challenges and create breakthroughs in attracting foreign direct investment (FDI). The important requirements to increase FDI attraction for the Vietnam’s Mekong Delta opportunities in the new period are investment attraction strategies, planning, role allocation and regional linkages.

The areas that the Mekong Delta focuses on calling for FDI capital in the priority direction are high-tech projects, mechanical engineering industry serving agriculture, supporting industry, agricultural processing, agricultural and rural development.

1. Vietnam’s Mekong Delta opportunities – Breakthrough in attracting foreign investment

The Mekong Delta is a dynamic economic region, with 1 centrally-governed city, Can Tho city, and 12 provinces including Long An, Tien Giang, Ben Tre, Vinh Long, Tra Vinh, Hau Giang, Soc Trang, Dong Thap, An Giang, Kien Giang, Bac Lieu and Ca Mau. Known as the country’s rice, fish and fruit granary, the Mekong Delta is making a breakthrough in attracting foreign investment to match the potential, role and position of the region.

Billions in FDI waiting to flow into Mekong Delta

2. From the fertile land of Long An

Recently, foreign investment attraction activities in the Mekong Delta have had positive changes. With favorable natural conditions, the region is attracting the attention of many potential foreign investors. The region has attracted many large projects with capital of billions of USD, with the potential to create a breakthrough momentum, create a new direction, and contribute to promoting economic development for the region.

The most prominent in Southern Vietnam economic hubs is Long An province, a typical locality that always creates favorable conditions for businesses to invest and operate. According to information from the Department of Planning and Investment of Long An, currently, foreign investment capital in the province comes from 40 countries and territories around the world. The province is currently one of the leading localities in the country in attracting FDI. During the development process, the province’s investment attraction has increased sharply, especially FDI investors have continuously increased in both the number of projects and capital. FDI Investment trends in central Vietnam projects are mainly concentrated in the districts of the province’s key economic zones.

Long An is also a province with many advantages in attracting investment, being the gateway to the Mekong Delta region Investment trends in central Vietnam, bordering Ho Chi Minh City, connecting the East and the Southwest. The area of industrial land with the potential for lease is relatively large, the infrastructure system of sea and road routes is convenient, many national highways and expressways pass through the area. Long An always focuses on upgrading traffic routes to serve development as well as attract investment.

Foreign Direct Investment in Vietnam – the Mekong Delta

“Long An has many support policies, accompanying businesses, considering the difficulties of businesses as the difficulties of the province. Along with a reasonable investment attraction strategy, the province has become a bright spot, a fertile land for investors to land”, said Director of the Department of Planning and Investment Truong Van Liep.

3. To the bright spot of Bac Lieu

If Long An is a fertile land in the top localities attracting the most FDI capital, always being one of the leading provinces in the Vietnam’s Mekong Delta opportunities, then Bac Lieu is a bright spot Investment trends in central Vietnam, accelerating development, aiming for the goal of outstanding economic growth in 2024, while demonstrating high determination in concentrating resources, completing the socio-economic targets set for the entire term.

From the beginning of 2024, Bac Lieu province organized meetings with businesses and investors in the area to inform about the socio-economic situation and the development orientations and goals of the province; exchanging with businesses about the production and business situation; respond to recommendations, find appropriate and legal solutions to ensure legitimate rights, create favorable conditions and environments for businesses to invest and develop.

“In 2024, the People’s Committee of Bac Lieu province will direct sectors and levels to more drastically and effectively implement the goals as Southern Vietnam economic hubs, tasks and solutions set out in all fields according to resolutions, programs, conclusions and plans on socio-economic development for the 5 years (2021 – 2025), creating clear and substantial changes in each sector, field and locality. The time to finish the term 2020 – 2025 is not much left, the breakthroughs in 2025 are the decisive factors to create the changes that the province is determined to implement, achieving the socio-economic development goals set”, Chairman of the People’s Committee of Bac Lieu province Pham Van Thieu affirmed.

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