Bac Lieu (VNA) – Chairman of the People’s Committee of Bac Lieu province Pham Van Thieu has committed to creating the most transparent and fair investment environment for investors with the best incentives and the highest sense of responsibility.
Addressing the 2022 investment promotion conference in the Mekong Delta province on November 28, Thieu said with shrimp farming land accounting for nearly half of the total area, Bac Lieu has set aquaculture as a development spearhead and the high-tech agricultural park for shrimp development as a nucleus, thus becoming a hub for shrimp farming and processing.
The province will also give priority to forming linkages in rice production and trade and improving farm produce quality in an effort to promote agriculture and rural development and better farmers’ lives.
With favourable natural advantages like flat land, few natural disasters, sunny and windy weather almost all year round, especially in coastal regions, Bac Lieu is well-positioned to develop wind and solar power, he said.
The locality has so far drawn liquefied natural gas (LNG) projects with a total capacity of 3,200MW and eight wind power projects with a capacity of nearly 470MW, ranking third nationwide. By 2030, it targets becoming one of the country’s clean energy hubs, focusing on wind, solar and gas power.
Blessed with cultural and relic sites peculiar to Kinh, Khmer and Hoa ethnic groups, Bac Lieu is also on its way to becoming a tourism hub in the Mekong Delta.
To date, the province has attracted 184 projects, including 167 domestic ones worth over 53 trillion VND (2.3 billion USD), and 17 foreign-invested valued at over 4.5 billion USD.
It has set a goal of becoming an upper middle income province in the Mekong Delta by 2025 and in the country by 2030.
At the event, Bac Lieu invited investment in 195 projects in industry, agriculture, trade-housing, culture-sport-tourism, infrastructure, healthcare, education and environment. It also granted investment certificates to 13 projects with total capital of nearly 17 trillion VND and signed memoranda of understanding on investment cooperation.
Speaking at the event, Deputy Prime Minister Vu Duc Dam agreed with the province’s policy of focusing on five pillars for socio-economic development.
He asked for difficulties faced by investors to be removed to create a new driving force for the development of Bac Lieu, Ca Mau peninsula and the Mekong Delta as a whole./.
See more
Vietnam secures top five spot in Singapore's seafood market
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
Vietnam seeks to transform pharmaceuticals into spearhead industry
The Ministry of Planning and Investment, the Ministry of Foreign Affairs, and FPT Corporation co-hosted a working breakfast in Davos, Switzerland on January 22 to discuss the future and opportunities of Vietnam's pharmaceutical industry in the new era.
UK energy firm acquires Harbour Energy’s Vietnam operations
British energy company EnQuest announced on January 22 its acquisition of Harbour Energy’s operations in Vietnam as part of its strategy to expand internationally.
Home loan interest rates to inch up in 2025
Average home loan interest rates may increase slightly from the beginning of this year due to rising capital costs, analysts forecast.
Idemitsu to expand investment in Vietnam
Hideaki Egashira, General Director of Idemitsu Vietnam Co Ltd, a subsidiary of Japanese petroleum company Idemitsu Kosan, has revealed plans to expand the company's investment portfolio in Vietnam.
Over 56% of Japanese firms looking to expand investment in Vietnam: Survey
According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.
High-tech investment in Vietnam takes centre stage on sidelines of WEF meeting
Vietnam highlighted its potential to become a technology powerhouse during a discussion entitled “high-tech investment in Vietnam: taking off in the smart era” held on January 21 (local time) on the sidelines of the 55th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland.
PM addresses seminar on global trade, development in smart era in Davos
Vietnamese Prime Minister Pham Minh Chinh attended and delivered a keynote speech at the seminar on the future of global trade and development in the smart era, in Davos on January 21 afternoon (local time).
Reference exchange rate drops 4 VND on January 22
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,332 VND/USD on January 22, down 4 VND from the previous day.
Vietnam’s rice exports to Singapore surge
Vietnam’s rice exports to Singapore recorded significant growth in 2024, cementing Vietnam’s position as the third-largest rice supplier of the city state, according to the Vietnam Trade Office in Singapore.
Positive outlook for wood product exports after roaring success in 2024
The woodworking industry will strive to achieve the export target of 18 billion USD for this year, the Handicraft and Wood Industry Association of Ho Chi Minh City has said.
Exporters make contingencies as fear of tariffs looms
Vietnamese exporters have proactively diversified their markets from the start of the year to mitigate risks as they may soon face significant tax hikes globally, said industry insiders and experts.
Policy reforms, infrastructure upgrades help Hai Phong attract investors
The northern port city of Hai Phong has recently issued investment certificates for 11 new projects in its industrial and economic zones.
Vietnam, France should pilot projects on strategic metals, minerals: Deputy PM
Deputy Prime Minister Tran Hong Ha received visiting French Inter-ministerial Delegate on Strategic Metals and Minerals Supply Benjamin Gallezot in Hanoi on January 21.
Hanoi sets ambitious growth targets for 2025-2030
Hanoi has set a goal of achieving an annual growth rate of 10.5-11% during the 2025-2030 period, focusing on bolstering traditional economic drivers while implementing innovative solutions to promote new ones.
Vietnam commits to supporting Czech investors: Minister
Minister of Industry and Trade Nguyen Hong Dien pledged Vietnam’s support to Czech businesses and investors while addressing the bilateral business forum held in Prague on January 20 as part of Prime Minister Pham Minh Chinh’s official visit to the European country.
UNCTAD leader highlights Vietnam’s role in global trade
Vietnam has emerged as a remarkable example of how trade and investment can fuel inclusive growth and development, according to Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD).
Vietnam, RoK strengthen friendship, cooperation
The Vietnam-Korea Friendship Association (VKFA) and the Korean Association in the northern city of Hai Phong hosted a friendship exchange on January 20 during which the Vietnam-Korea Business Club in Hai Phong was launched.
Reference exchange rate down 5 VND on January 21
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,336 VND/USD on January 21, down 5 VND from the previous day.
2025 - Year of acceleration, breakthroughs
Prime Minister Pham Minh Chinh has instructed ministries, agencies, and local authorities to drastically and effectively implement three strategic breakthroughs, six key tasks, and 12 primary solutions, striving for double-digit growth in 2025, set to be the year of acceleration and breakthroughs, and laying the foundation for the 2026-2030 socio-economic development plan.