The promotion of interregional connectivity throughout the Red River Delta has been identified by the Party and state as an important policy to exploit the maximum potential of the area for socioeconomic development.
The policy was announced by the Deputy Minister of Industry and Trade Do Thang Hai at a workshop organised by the Ministry of Industry and Trade together with Thai Binh People’s Committee on March 30. The workshop discussed ways to promote investment and create regional business linkages, aiming to consolidate the implementation of Politburo Resolution 30-NQ/TW on the Red River Delta development.
The Red River Delta comprises 11 cities and provinces, including Hanoi, Haiphong, Thai Binh, Nam Dinh, and Ninh Binh, with Hanoi and Haiphong as centrally governed cities. The delta is in a favourable geographic and political position for socioeconomic development, as it lies between the northeastern and northwestern regions, and between the northern mountainous areas and the central region. The delta is also adjacent to the Chinese market, with access to other northeast Asian countries, helping the northern provinces promote trade with the world.
Speaking at the workshop, Minister of Planning and Investment Nguyen Chi Dung said, “The promotion of Resolution 30 is important to help maximise the potential of the Red River Delta to create the driving force behind breakthrough growth in the region.”
Nguyen Chi Dung, Minister of Planning and Investment
The Red River Delta still faces several challenges, among them planning, mechanisms and policies, and a lack of investment, especially in infrastructure, with many projects on the priority list delayed or stagnant due to lack of capital. These include the Noi Bai-Ha Long Expressway, Hanoi’s Ring Road No. 5, the Da River surface water plant, and a coastal route through five localities.
Minister Dung also presented key areas that the development of the Red River Delta needs to concentrate on. "The region needs to improve mechanisms and policies for regional linkage development, promote high-tech industry, and develop organic, circular agriculture while building modern rural areas. The delta also must develop harmoniously with the environment and society," he said.
Local officials and business leaders attending the workshop proposed speeding up planning for the Red River Delta to remove infrastructure bottlenecks and promote regional linkages.
Standing Vice Chairman of Thai Binh People's Committee Nguyen Quang Hung said, “The development of investment and the creation of regional links is a key political task. Thai Binh expects to continue to receive the support of ministries, central agencies, investors, and the business community. In addition, the province also expects to be an ideal destination for domestic and foreign businesses and investors.”
| ||Ho Chi Minh City to prioritise regional linkages via transport infrastructure projects |
Ho Chi Minh City will spend more than VND45 trillion ($1.96 billion) developing a road system connecting to the Mekong Delta region to create regional linkages and promote socioeconomic growth and attract investors.
| ||Better linkage sought in warehouse system |
Although warehouse real estate is the most promising segment in the industrial property market for foreign investors, the lack of synchronous transport connectivity is a major deterrent for many looking to expand their warehouse systems in Vietnam.
| ||Vietnam Summit in Japan 2021 - the linkage between intelligents and entrepreneurs |
Taking place on November 20-21 with numerous sessions on healthcare, education, business, technology, sustainable energy, Vietnam Summit in Japan 2021 with the theme "Transformation: New value - New methods" has opened up opportunities for local and overseas intellectuals and entrepreneurs to connect.
| ||Closing regional links and increasing agricultural values |
Businesses and experts look forward to the regional supply chain links between producers and consumers, which are deemed crucial to foster the value of Vietnamese agricultural products.
By Phuong Lien