Mekong Delta provinces attract more foreign investment

Update: 19:33 | 10/10/2018
Provinces in the Mekong Delta drew a total of 99 foreign direct investment (FDI) projects in the first nine months of 2018, said Nguyen Phuong Lam, Deputy Director of the Can Tho branch of the Vietnam Chamber of Commerce and Industry (VCCI).  
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During the period, the region absorbed more than 1.5 billion USD, or 10.6 percent of the total FDI capital flow into the country.

mekong delta provinces attract more foreign investment
Provinces in the Mekong Delta drew a total of 99 foreign direct investment (FDI) projects in the first nine months of 2018. (Photo: canthopromotion.vn)

The figure only stood at 5-6 percent five years ago, Lam added.

In nine months, Can Tho city alone attracted 72 million USD in five new FDI projects, along with an additional 40 million USD in two existing projects.

As of early October, the Mekong Delta is home to 1,495 valid FDI projects worth a total of 20.95 billion USD.

Lam said that most FDI firms, particularly those from Japan, often pay heed to device manufacturing and technology in the region.

Meanwhile, investment in the agro-fishery sector, which is viewed as one of the strengths of Mekong Delta localities, remains modest.

He noted that the fourth Vietnam-Japan Cultural and Trade Exchange in Can Tho city, which is slated for early November, will offer favourable conditions to introduce the potential of the city’s and other Mekong provinces’ agro-fishery sectors to Japanese investors.

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(Source: VNA)