News dalla rete ITA

8 Febbraio 2018

Vietnam

THE PULL AND PUSH OF MEKONG DELTA INVESTMENT (PART 2)

Investment attraction Mekong Delta provinces are well suited for development of agriculture (including agricultural services), biotechnology, mechanical engineering, food processing, wind power, solar power, textile and garment, and leather and footwear industries. While FDI in the Mekong Delta has considerably improved compared to previous years, foreign investment in the regional agriculture remains modest due to inadequate infrastructure. FDI in the region is mainly found in provinces bordering Ho Chi Minh City and some coastal provinces including Long An, Tien Giang, Kien Giang, and Ca Mau. In terms of investment, the Mekong Delta hasn’t been too attractive as its economic growth is not commensurate with the potential, economic restructuring and science and technology application remain tardy, and industrial park infrastructure is still inconsistent. Foreign investors need to be provided with more information about investment opportunities and policies in the region. Economists say regional connectivity development should be a strategic solution to promote FDI and agricultural and rural development. A breakthrough in policy improvement is very important for FDI attraction. Regional connectivity programs for farm produce production and sales projects must be formulated, as well as policies on development of key products, processing industries and high-tech agriculture. Plans for infrastructure development in the Mekong Delta are booming. The Trung Luong-My Thuan and My Thuan-Can Tho highways, Vam Cong and Cao Lanh bridges, and major transport routes will be developed or upgraded. A logistics center will be developed in the Mekong Delta to facilitate cargo transport and exchanges between the region and Ho Chi Minh City and foreign countries and territories. These efforts will help make the region more attractive to foreign investors. (ICE HO CHI MINH CITY)