The Mekong Delta key economic region, which comprises Ca Mau, Kien Giang, An Giang provinces and Can Tho City, has set the target of raising the proportion of the industry sector to 33.3 percent in the region’s economic structure in 2015.

According to the Steering Committee for the South-Western Region, the region will focus efforts on restructuring industrial production along the direction of expanding processing industry, a major strength of the region.

Towards this goal, the four localities will establish large-scale areas for rice cultivation, shrimp and fish farming and fruit tree growing to ensure stable material supply for the processing industry.

The four localities will strive to raise their combined industrial production value to over 210 trillion VND (10 billion USD) this year, up 12.7 percent from the 2014 figure, while attracting additional 1.4 trillion VND (65.8 million USD) in investment from domestic investors and 350 million USD from foreign firms, according to the Steering Committee’s deputy head Nguyen Phong Quang.

In addition, the region will shift strongly to the production of high-added value products using environmentally friendly technologies, Quang said.

The region also aims for 11.9 billion USD in export turnover, up 8.1 percent year-on-year.

To assist with industrial production, local authorities will adopt measures to help local businesses enhance their competitiveness through expanding cooperation with foreign partners to access modern technology, establishing distribution networks, as well as developing brand names for key products such as farm produce and seafood.

At the same time, more incentives will be adopted to create a fair and favourable investment environment.

In 2014, the Mekong Delta key economic region attracted 1.23 trillion VND (57.8 billion USD) in investment from domestic investors and 324 million USD from foreign businesses. The region’s industrial production value almost reached 185 trillion VND (8.79 billion USD), accounting for 30.6 percent of the economic structure, helping increase the industrial production value of 13 provinces and city in the Mekong Delta to a record 469 trillion VND (22.3 billion USD).-VNA