Over US$1.56 billion poured into Mekong Delta in nine months

ABO/NDO – Provinces in the Mekong Delta region have attracted over US$1.56 billion worth of foreign direct investment (FDI) capital, including newly registered capital and supplemented capital, in the first nine months of 2019, according to the Ministry of Planning and Investment.

The Mekong Delta region has had 1,662 valid FDI projects so far, with registered capital total of over US$22.63 billion. (Illustrative image)

In the January-September period, 12 out of 13 provinces and cities in the Mekong Delta region (except for An Giang) reported additional FDI projects with total newly registered capital of over US$1.12 billion, equivalent to 75% of the newly registered capital in 2018.

The total FDI capital has been invested across 151 projects, an increase of 52 projects compared to the same period in 2018.

The Mekong Delta region has had 1,662 valid FDI projects so far, with registered capital total of over US$22.63 billion, accounting for 5.56% of the nation’s total number of FDI projects and 6.32% of the nation’s total registered capital.

Localities in the region have focused on improving transport infrastructure to call on more foreign investment over recent years. In particular, total State and local budget invested in this region is ranked third out of six economic regions nationwide in the past five years.

In the next five years, the Government is scheduled to invest in transport projects to boost links between regions and sub-regions in the Mekong Delta.

The Mekong Delta region is considered to have huge potential that has yet to be tapped. The region has the highest economic growth rate among other regions across the country in addition to a high provincial competitive index. The region also boasts an abundant labour source and high purchasing power only after Hanoi and Ho Chi Minh City. It is also the largest agricultural production and processing hub in Vietnam.

(Source: NDO)