Monday, August 21, 2017 - 17:30:42

Mekong Delta increases competitiveness to draw investors

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The Mekong Delta is stepping up efforts to increase its competitiveness to create a more attractive environment for businesses to run investment in the region.

The three provinces of Kien Giang, Dong Thap and Ben Tre will strive to keep their place in the “very good” group, while Tra Vinh province and Can Tho City should move one grade higher from the current “good” rating. The remaining provinces, currently rated in the median range will try to enter the “good” group.

The delta, which comprises 12 provinces and one city, plans to inject 87 trillion VND (4 billion USD) into building infrastructure for land, water and air transport. Programmes will be carried out to help local businesses enhance their capacity in terms of finance, corporate governance and marketing.

Human resources training and administrative reform are also two urgent tasks, said Director of the Vietnam Chamber of Commerce and Industry (VCCI) in Can Tho city Vo Hung Dung.

The Mekong Delta region has so far attracted 1,600 domestic and 836 foreign investment projects worth 416 trillion VND (26 billion USD) and 11.8 billion USD, respectively.

The outcome was attributed to the delta’s incentives in a wide range of fields such as tax, land rent, scientific research and technology transfer, said deputy head of the Steering Committee for the Southwest region Nguyen Phong Quang.-VNA
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