Vinh Long calls for $1.06 billion into 10 key projects

Vinh Long is mobilising private investment for its diverse development plans

These 10 projects are part of the investment promotion programme of Vinh Long province for this year.

The list includes several exceptional projects, such as Binh Tan Indstrial Zone (IZ) located in Tan Quoi town, Binh Tan district with a total area of 400 hectares and an investment value of VND2.9 trillion ($126.1 million).

In the agricultural sector, the province is calling for investment in a 50-100ha high-tech agricultural manufacturing project in Vinh Long city that has a total investment capital of VND250 billion ($10.87 million). The province is also promoting an agricultural goods manufacturing and processing project in Binh Minh town, with the area of 10.6ha and VND400 billion ($17.4 million) of capital.

In the urban and housing sector, the province is looking for investors for the 500ha My Hoa new urban project stretching across Binh Minh and My Hoa communes and Binh Minh town with a total investment capital of VND8.05 trillion ($350 million). There is also a provincial urban and administrative project worth VND7.5 trillion ($326.1 million).

However, the province has yet to issue the criteria to select investors for these 10 projects.

At the same tie, the province is also mobilising resources to promote tourism development with the aim of turning tourism into a spearhead economic sector by 2030.

The authorities have been reviewing and issuing support and incentive policies to encourage investment in tourism, while also building infrastructure, adjusting the planning of tourist areas to attract more investment, and developing unique tourism products. It has also promoted the application of technology and improved the quality of human resources serving tourism development.

Vinh Long welcomed over 6.1 million domestic and foreign visitors in 2015-2019, earning nearly VND1.7 trillion ($73.9 million). The number of tourists and revenue increased by 11.6 per cent and 25.7 per cent per year on average.