Vietnam Mekong Delta Attracts $78.64M FDI in Jan-May

Vietnam Mekong Delta Attracts $78.64M FDI in Jan-May 18/06/2010 10:46:00 530

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The Mekong Delta region attracted $78.64 million from foreign direct investment (FDI) projects in the first five months of this year, the Foreign Investment Agency under the Ministry of Planning and Investment (MPI) said.


Of the sum, $66.44 million came from 17 new projects and the rest came from five existing projects, according to MPI’s figures.


Long An took the lead in terms of project number with 10 projects valued at $7.89 million, followed by Tra Vinh with four projects capitalized at $17.81 million.


The ministry will organize a conference to boost investments into the Mekong Delta region in Can Tho City late July.


The region will focus on luring FDI projects in high-tech, supporting industry, agricultural processing, and rural development this year.


It will increase investment in upgrading infrastructure, including power and water supply as well as traffic systems, and support investors in human resources training.


By late March, the region licensed 450 FDI projects worth $7.7 billion. Long An province licensed projects totaling $3 billion, taking the lead among Mekong Delta provinces, followed by Can Tho city with 53 projects capitalized at $700 million.


(Vietnam Economic Times)