More than US$22 bln in FDI poured into Mekong Delta

VGP – As many as 1,609 Foreign Direct Investment (FDI) projects, worth US$22.3 billion, landed the Mekong Delta in the first half of 2019.

August 07, 2019 4:48 PM GMT+7

Mekong Delta

The information was released at a meeting welcoming importers from Singapore and other nations in Viet Nam held on August 6 in the Mekong Delta City of Can Tho.

A total number of 4,704 enterprises were established in the first half and 1,313 ones re-operated, raising the total number of valid firms to 50,000 ones.

The region’s exports and imports hit US$8.74 billion and US$4.59 billion, respectively.

As of May 2019, Can Tho City attracted US$719.95 million in FDI in 82 projects. Singaporean investors invested in 10 projects in the city with the registered capital of US$129.24 million.

The region’s economic growth over the recent six months of the year was estimated at 7.53%. Three provinces of Tra Vinh, Vinh Long and Bac Lieu reported the highest growths in the Mekong Delta.

The meeting aims to create an opportunity for Singaporean and Malaysian firms to seek for business and investment opportunities to boost trade and investment relations between Viet Nam and other ASEAN partners.

By Thuy Dung