Low FDI in Mekong Delta attributed to poor infrastructure
An official has attributed low foreign direct investment (FDI) in the Mekong Delta over the past years to poor infrastructure.
He cited the examples of Long An and Tien Giang provinces, which have led the region in attracting FDI in recent years despite a low ranking in PCI, noting that the two provinces borde the southern economic hub of Ho Chi Minh City.
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He also highlighted a change of direction in FDI flow in recent years, with more FDI reaching Can Tho City and Vinh Long province in the centre of the Mekong Delta. In previous years, the flow mostly reached Long An and Tien Giang and part of Kien Giang.
Last year, the Mekong Delta attracted US$1.36 billion worth of FDI, raising the number of foreign-invested projects to 1,324 with total registered capital of over US$18.9 billion, accounting for 5.8% of the country’s total project number and 6% in value.
According to VCCI Can Tho, the region drew 27 FDI projects worth US$103 million in the first quarter this year. Of them, 15 projects registered additional capital worth US$31 million while US$50 million was paid for stock purchase deals and the remaining was investment in new projects.
Tien Giang led the region in the period with US$54.62 million and two new FDI projects.
