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Mekong Delta provinces attract more foreign investment

Provinces in the Mekong Delta drew a total of 99 foreign direct investment (FDI) projects in the first nine months of 2018, said Nguyen Phuong Lam, Deputy Director of the Can Tho branch of the Vietnam Chamber of Commerce and Industry (VCCI).
Mekong Delta provinces attract more foreign investment ảnh 1Provinces in the Mekong Delta drew a total of 99 foreign direct investment (FDI) projects in the first nine months of 2018 (Photo: canthopromotion.vn)
Can Tho (VNA) – Provinces in theMekong Delta drew a total of 99 foreign direct investment (FDI) projects in thefirst nine months of 2018, said Nguyen Phuong Lam, Deputy Director of the CanTho branch of the Vietnam Chamber of Commerce and Industry (VCCI).

During the period, the region absorbed morethan 1.5 billion USD, or 10.6 percent of the total FDI capital flow into thecountry.

The figure only stood at 5-6 percent fiveyears ago, Lam added.

In nine months, Can Tho city alone attracted72 million USD in five new FDI projects, along with an additional 40 millionUSD in two existing projects.

As of early October, the Mekong Delta ishome to 1,495 valid FDI projects worth a total of 20.95 billion USD.

Lam said that most FDI firms, particularlythose from Japan, often pay heed to device manufacturing and technology in theregion.
Meanwhile, investment in the agro-fishery sector, which is viewed asone of the strengths of Mekong Delta localities, remains modest.

He noted that the fourth Vietnam-JapanCultural and Trade Exchange in Can Tho city, which is slated for earlyNovember, will offer favourable conditions to introduce the potential of thecity’s and other Mekong provinces’ agro-fishery sectors to Japanese investors.–VNA
VNA
#Mekong Delta provinces #Can Tho city #FDI projects #Vietnam Chamber of Commerce and Industry #VCCI #FDI capital #agro-fishery sector #Vietnam-Japan Cultural and Trade Exchange #vietnamplus #Vietnam News Agency
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