A farmer in Ben Tre province grow cacao mixed with coconut.
(Photo: VNA)

(VOVworld) – Each Mekong Delta province should define its competitive advantages and economic potential to assist the government in its foreign-investment decision making. Do Nhat Hoang, Director of the Foreign Investment Department, made the statement at a Foreign Investment Conference in Can Tho province on Thursday. Hoang said from such details the Department can match foreign investors to suitable localities based on their strengths.

He told the seminar: “The Mekong Delta has a strong potential in agriculture, seafood, and fruit trees. For years we have called for investment but haven’t been able to do it effectively without breakthrough measures to highlight the potential of each industry and each area. The measures haven’t been attractive enough to investors. From now on the Department will work closely with each province on the matter.”

According to statistics from the Foreign Investment Department, there are 16,800 foreign direct investment (FDI) projects in Vietnam with a total registered capital of 242 billion USD and disbursed capital of 118 billion USD. Japan, the Republic of Korea, Singapore, and Taiwan (China) are the 4 top investors in Vietnam.