Mekong Delta Region Lures in US$78.64 Million Worth of FDI - Vietnam Briefing News
Jun. 21 – During the first five months of the year, the Mekong Delta region successfully lured in US$78.64 million worth of foreign direct investment (FDI) projects with US$66.44 million of funds coming from 17 new projects and the rest from existing projects.
According to the Foreign Investment Agency, the southern province of Long An was the top FDI destination with 10 projects worth US$7.89 million, at second place is Tra Vinh Province with four projects worth US$17.81 million.
Authorities want to continue FDI investment in the region by organizing a conference in Can Tho City in July with emphasis on projects that will bring in more funding for its high-tech, agricultural, and rural industries.
More developments in regional infrastructure are also slated. The Mekong Delta region is mainly found in southeast Vietnam comprising of 39,000 square kilometers. The area is known as a major rice producing zone, contributing around 50 percent of the country’s supply yearly.
The region approved 450 FDI projects worth US$7.7 billion in March. During the same period, Long An Province attracted projects worth a total of US$3 billion, followed by Can Tho city with 53 projects worth a total of US$700 million.
Long An Province is located nearby Ho Chi Minh City. The province has easy access to the lower region of the Mekong Delta Basin as well as strategic links waterways and roads making it an attractive base for both local and foreign manufacturers.