Investment attraction in the Mekong Delta has seen positive transformations in recent times, with many large projects worth trillions of VND to tens of trillions of VND having landed in the southwestern rice granary, creating new directions and contributing to promoting economic development.

Positive rebound in Mekong Delta’s investment attraction

So far this year, Bac Lieu Province has become a “bright spot” in the Mekong Delta when it has drawn many domestic and foreign enterprises to pour money for long-term business. 

The Provincial People’s Committee has granted investment decisions and licenses for 25 domestic projects with a total registered capital of more than VND17.71 trillion (US$766.24 million), an increase of 12 projects and an eight-fold surge in terms of capital compared to the same period last year.

In Long An Province, three FDI projects were licensed in October with a total registered capital of US$17.24 million, while additional pledges of US445.86 million were made to 10 existing projects. 

Since the beginning of 2020, the province has issued investment certificates for 67 FDI projects totally worth US$264.14 million.

Creating a clean land fund to welcome investors

Ca Mau Province is home to two major seaports, namely Nam Can and Hon Khoai, which have been planned as Class II seaports and are capable of handling vessels of 50,000-100,000 tons.

Especially, Hon Khoai Port is situated at a strategic location connecting the maritime corridor from the Indian Ocean to the Pacific Ocean, while creating a solid “three-legged” position for the driving force of the Mekong Delta’s economic development, including Kien Giang-Phu Quoc, Tra Vinh-Dinh An, and Nam Can-Hon Khoai.

Similarly, Bac Lieu Province is also focusing on strengthening the Mekong Delta regional linkages to expand cooperation with many provinces, especially with Ho Chi Minh City, to attract investment resources for local socio-economic development, as well as inspecting and speeding up the progress of licensed projects and reviewing the slowly implemented ones to remove barriers facing them.

Experts stated that after the COVID-19 pandemic, there will be a strong investment shift and Viet Nam is an ideal destination prioritized by FDI investors. 

This is a good opportunity for the Mekong Delta to make breakthroughs by creating an attractive investment environment and promoting dynamism and transparency of the local governments, thus increasing investors’ confidence and driving them to boldly pour a large amount of capital into the region for long-term business.

Determining the particularly important role of the Mekong Delta, the Government has mobilized all resources to invest in transport infrastructure development to elevate the position of the Mekong Delta.

In addition, the regional localities have accelerated the improvement of the business environment, while focusing on investment connections in key markets, such as the United States, Japan, the Republic of Korea. Therefore, a positive rebound has been recorded on the picture of the Mekong Delta’s investment attraction/.