The Mekong Delta region is becoming more attractive to both domestic and foreign investors thanks to its clear business environment and simplified administrative procedures.

According to the Vietnam Chamber of Commerce and Industry’s Can Tho city chapter (VCCI-Can Tho), there have to date been 1,000 projects worth 264 trillion VND (12.4 billion USD) invested by domestic businesses in the region. The projects mainly focus on agriculture, fisheries, transport, trade and tourism.

Meanwhile, foreign investors have poured more than 11 billion USD into the area.

VCCI-Can Tho Director Vo Hung Dung said that over recent years, the 13-member region has adopted a number of preferential policies benefiting investors. Among other incentives, they can enjoy an exemption of corporate income tax for 1-2 years and a reduction in land use cost.

They are also provided with assistance in vocational training, advertisement and consultation.

Meanwhile, localities have intensified cooperation within the region, and with Ho Chi Minh City and other countries in order to attract more investment, while also concentrating on upgrading their infrastructure, Dung said.-VNA