Conference to promote Soc Trang’s investment potential

Hanoi (VNA) - A conference on investment and start-up promotion will take place in the Mekong Delta province of Soc Trang on June 19, aiming to call for investments to the locality.

The event will be attended by Party and State leaders, representatives from ministries; sectors, localities, international organisations, foreign diplomatic agencies in Vietnam, trade and investment promotion organisations, financial and credit  institutions, economic associations and groups, and firms in and out the country.

The event will update participants on Soc Trang’s investment support policies, investment-related information and the list of projects calling for investments, towards attracting a maximum of investment sources to fully tapping potential and strength of the locality.

Soc Trang boasts great potential of agriculture development thanks to soil and climate. The agricultural economy with key farm produce has significantly contributed to the locality’s economic growth.

The locality’s total rice output in 2017 reached 2.11 million tonnes, of which the proportion of specialty rice accounted for 46.07 percent.

It is home to more than 74,000 hectares of aquaculture land, 50,000 hectares of which were set aside for brackished-water shrimp breeding, mostly in coastal areas. 

The livestock sector has been developing strongly in the locality. Especially, the dairy cow-breeding project in 2013-2020 has proved effective and expanded to many districts and towns, with total number of 9,720 cows and total yield reaching 2,880 tonnes of milk per year.

Soc Trang has also strengths for marine economic sectors such as clean energy, seaport and shipping services.  The Mekong Delta province has built a master plan to develop its coastal economy until 2020 with vision until 2030.

The province is asking for the Prime Minister’s approval to construct a deep-water seaport in the locality and encouraging investors with strong financial capacity to get involved in the project.

The province will prioritise connectivity among the seaport system, urban areas, industrial parks and tourism sites along the Hau River, while developing spearhead economic sectors like aquaculture cultivation, sea tourism, energy industry and thermoelectricity.

As aquaculture is a major pillar in local economic development, the province will build a pilot irrigational model for specialised shrimp farming in Tran De district and Vinh Chau town.

Earlier this year, the Super Wind Energy Cong Ly Soc Trang Joint Stock Company began building a wind farm in Lai Hoa commune, Vinh Chau town. The project has a total capacity of 98 MW and is invested in three phases at a total cost of more than 5.39 trillion VND (237 million USD).

Regarding tourism development, the province has joined hands with Con Dao district in Ba Ria-Vung Tau province to operate a speedboat connecting the two localities. In addition, investment has been promoted at many eco-tourism sites like Ho Be-Vinh Chau and Mo O-Tran De.-VNA