A corner of the Mekong Delta region. Investment in the region is expected to continue rising. (Photo: VNA) HCM City (VNS/VNA) - The Mekong Delta has recently attracted many largeprojects worth trillions to tens of trillions of VND, which are promotingeconomic development there.
Bac Lieu provinceis a bright spot this year with a number of domestic and foreign enterprisespouring money into long-term projects.
It hasapproved or granted licenses to 25 domestic projects with a total investment of17.71 trillion VND (766.24 million USD) in the first 10 months, an eight-foldsurge year-on-year.
The provincehas also granted investment decision to a 4-billion-USD Singapore-investedliquefied natural gas-fired (LNG) power plant with a capacity of 3,200MW thisyear, the largest foreign project in the delta to date.
The investoris completing the necessary procedures for a power purchase agreement withVietnam Electricity. Installation of the first 750MWs turbine is expected tostart in early 2021.
Provincialauthorities hope the plant will create thousands of jobs, contribute trillionsof VND to the treasury and be a driving force for socio-economicdevelopment.
In Long An province,three other FDI projects were licensed in October with a total capital of 17.24million USD, while additional investments of 445.86 million USD were made to 10existing projects.
Since thebeginning of 2020 the province has issued investment certificates for 67 FDIprojects totally worth 264.14 million USD.
Most are inthe manufacturing sector, including supporting industries, medical equipment,electronic components, and consumer goods and in the warehouse and logisticsservices sector.
According tothe Ministry of Planning and Investment, the key factors that make the deltaincreasingly attractive to investors are its agricultural potential, improvedtechnical and economic infrastructure and local efforts to improve theinvestment and business environment.
Localitiesthere have also made efforts to acquire more unencumbered lands to benefitincoming investors.
In Ca Mau province,there is not much land left in the 235ha Khanh An Industrial Park in U MinhDistrict while the demand remains fairly high.
Faced withthe situation, the park has called on the provincial People's Committee toconsider expanding it.
The People'sCommittee has also assigned the provincial Land Development Centre to makeplans to clear 50ha of land around the Hoa Trung Industrial Park in Cai Nuoc districtto attract investors.
Nguyen DinhThong, Acting Director of the Department of Planning and Investment of TienGiang Province, told Sai Gon GiaiPhong newspaper that the province seeks to attract investment throughthe comprehensive development of an industrial zone each in Tan Phuoc districtand Go Cong town.
“[It] willalso speed up development of urban projects in major urban centres, with apriority on developing tourism infrastructure to take advantage of the TienRiver’s tourism potential.
“It willconcentrate resources and lands on developing agricultural processing projectsand agriculture using advanced technologies. In 2021 Tien Giang will strive toattract investment of more than 17 trillion VND,” he said./.
Bac Lieu provinceis a bright spot this year with a number of domestic and foreign enterprisespouring money into long-term projects.
It hasapproved or granted licenses to 25 domestic projects with a total investment of17.71 trillion VND (766.24 million USD) in the first 10 months, an eight-foldsurge year-on-year.
The provincehas also granted investment decision to a 4-billion-USD Singapore-investedliquefied natural gas-fired (LNG) power plant with a capacity of 3,200MW thisyear, the largest foreign project in the delta to date.
The investoris completing the necessary procedures for a power purchase agreement withVietnam Electricity. Installation of the first 750MWs turbine is expected tostart in early 2021.
Provincialauthorities hope the plant will create thousands of jobs, contribute trillionsof VND to the treasury and be a driving force for socio-economicdevelopment.
In Long An province,three other FDI projects were licensed in October with a total capital of 17.24million USD, while additional investments of 445.86 million USD were made to 10existing projects.
Since thebeginning of 2020 the province has issued investment certificates for 67 FDIprojects totally worth 264.14 million USD.
Most are inthe manufacturing sector, including supporting industries, medical equipment,electronic components, and consumer goods and in the warehouse and logisticsservices sector.
According tothe Ministry of Planning and Investment, the key factors that make the deltaincreasingly attractive to investors are its agricultural potential, improvedtechnical and economic infrastructure and local efforts to improve theinvestment and business environment.
Localitiesthere have also made efforts to acquire more unencumbered lands to benefitincoming investors.
In Ca Mau province,there is not much land left in the 235ha Khanh An Industrial Park in U MinhDistrict while the demand remains fairly high.
Faced withthe situation, the park has called on the provincial People's Committee toconsider expanding it.
The People'sCommittee has also assigned the provincial Land Development Centre to makeplans to clear 50ha of land around the Hoa Trung Industrial Park in Cai Nuoc districtto attract investors.
Nguyen DinhThong, Acting Director of the Department of Planning and Investment of TienGiang Province, told Sai Gon GiaiPhong newspaper that the province seeks to attract investment throughthe comprehensive development of an industrial zone each in Tan Phuoc districtand Go Cong town.
“[It] willalso speed up development of urban projects in major urban centres, with apriority on developing tourism infrastructure to take advantage of the TienRiver’s tourism potential.
“It willconcentrate resources and lands on developing agricultural processing projectsand agriculture using advanced technologies. In 2021 Tien Giang will strive toattract investment of more than 17 trillion VND,” he said./.
VNA
