Bac Lieu lauded for focus on shrimp cultivation, clean energy
Bac Lieu has done well to focus on shrimp farming and clean energy production because this has boosted the province’s economic standing, says Deputy PM Vu Duc Dam.

Bac Lieu province in the Mekong Delta holds great potential for clean energy development. Photo by The Investor/An Hoa.
Speaking at an investment promotion conference held in the Mekong Delta province Monday, Dam said that 10 years ago, Bac Lieu was described as "one of the smallest students in a 63-strong class" (63 provinces and cities).
“Thanks to its right policy of promoting the local strengths of wind power and shrimp, Bac Lieu stands on par with many other localities nationwide,” he said.
The Deputy PM also praised Bac Lieu for choosing as five socioeconomic development pillars the sectors of: high-tech agriculture; industrial development associated with agriculture; renewable energy; tourism; and trade and high-quality services in combination with the marine economy.
“To make itself more attractive to investors, Bac Lieu must promptly remove difficulties for companies investing and doing business in the locality," he said.
Tran Phu Chien, chairman of the Hacom Holdings Investment JSC, said the firm has invested and put into operation the Hoa Binh 5 wind power project in Bac Lieu with a capacity of 200 megawatts. It is considering development of another 600 megawatts of wind power in the province and other localities, he added.
Despite the difficulties caused by Covid-19, Bac Lieu created favorable conditions for wind power investors to complete eight projects for commercial power generation, he said, adding that “this is a testament to the greatly improved investment environment of the province”.
Concurring with Chien, Tran Quoc Tuan, vice chairman of Vietnam-Australia Seafood Corporation, said Bac Lieu has all the conditions to become a shrimp “capital”. Therefore, his group has placed four of the 18 most important facilities in its production chain in the province.
Tuan also said that the company was building a shrimp processing factory for export in Bac Lieu. Once the factory became operational, the corporation will have a closed production chain of breed research, shrimp farming and processing right in the province.
Bac Lieu Chairman Pham Van Thieu said that with a focus on sustainable development, the province was calling for quality projects with high added value that will use modern technology and biotechnology, are environmentally friendly, and employ many local workers.
To date, the Mekong Delta province has attracted 184 projects, including 167 domestic ones with a total registered capital of over VND53 trillion ($2.14 billion) and 17 foreign-invested ones worth over $4.5 billion.
Apart from a 3,200-megawatt LNG project with estimated investment capital of over $4 billion, Bac Lieu hosts eight operational wind power projects with total capacity of nearly 470 megawatts, ranking it third in the country in attracting investment to this field.
The province hs also identified clean and renewable energy development as a focal task, Thieu said.
With shrimp farms accounting for nearly half of its total land area, Bac Lieu has set aquaculture as a development spearhead and high-tech agriculture as a nucleus as it progresses towards becoming a national hub for shrimp farming and processing, he added.
The province also gives priority to forming linkages in rice production and trade and improving farm produce quality in an effort to promote agriculture and rural development and better farmers’ lives, he added.
The investment conference was also marked by Bac Lieu granting investment plan approvals and certificates to seven investors for 13 projects with a total registered capital of nearly VND17 trillion ($686 million). It also invited investment for 195 other projects in various fields.
Olivier Langlet, CEO of Thailand headquartered Central Retail Group, which has just received an investment licence for its VND432 billion ($17.43 million), 25,000-square-meter GO! Bac Lieu trade centre, said it would include a supermarket, cinemas, restaurants, entertainment facilities, among others.
Praising the local investment environment, he said that his group will soon start construction to put the project into operation by the end of 2023, creating jobs for hundreds of local workers, as well as promoting the consumption of goods and agricultural products, thereby contributing to the socio-economic development in Bac Lieu and its vicinity.
- Read More
Vietnam heavyweight PV Gas plans $3 bln investment over next 5 years
PV Gas, a subsidiary of state-owned giant Petrovietnam, plans to make "strong investment" over the next five years in areas such as infrastructure and import-distribution of LNG.
Energy - Mon, June 2, 2025 | 2:01 pm GMT+7
Vietnam sees renewed output expansion, improved business confidence in May: S&P Global
May saw a more stable picture in terms of U.S. tariff policies than April, helping lead to a renewed expansion in output and improved business confidence, says Andrew Harker, economics director at S&P Global Market Intelligence.
Economy - Mon, June 2, 2025 | 9:18 am GMT+7
Vietnam considers developing 2 inter-regional renewable energy service and industry hubs
The Ministry of Industry and Trade (MoIT) has proposed building two inter-regional renewable energy service and industry hubs in the country.
Economy - Mon, June 2, 2025 | 8:00 am GMT+7
Investors advised to take profits from stocks having risen sharply
Investors should maintain a balanced stock allocation in their portfolios and consider buying opportunities if the VN-Index retreats to the 1,300-1,320 point range, say market experts.
Finance - Sun, June 1, 2025 | 8:10 pm GMT+7
Shares of Vietnam's leading jewelry maker PNJ jump over 30% ahead of gold inspection report
Shares of Phu Nhuan Jewelry JSC (PNJ), a leading jewelry producer in Vietnam, rallied sharply ahead of the central bank’s Friday release of its gold market inspection findings.
Companies - Sun, June 1, 2025 | 1:14 pm GMT+7
Vietnamese firm takes over 40-year-old Pierre Cardin shoe chain in Thailand
Emall Vietnam, which owns a network of 100 high-end business shoe stores under the Pierre Cardin and Oscar brands in Vietnam, has taken over the entire Pierre Cardin shoe system in Thailand.
Companies - Sun, June 1, 2025 | 10:29 am GMT+7
Southern Vietnam province Ba Ria-Vung Tau okays 53 projects
Ba Ria-Vung Tau authorities on Friday granted in-principle approvals or investment registration certificates for 53 projects, including a green light for a $400 million investment capital hike of the $5.4 billion Long Son Petrochemicals Complex.
Industries - Sun, June 1, 2025 | 8:00 am GMT+7
Who to receive over 97 mln ESOP shares from Vietnam's leading developer Novaland
Novaland, a major real estate developer in Vietnam, will simultaneously implement plans to issue bonus shares and offer ESOP (employee stock ownership plan) shares, with a total issuance rate of 5%, equivalent to more than 97 million units.
Companies - Sat, May 31, 2025 | 11:09 pm GMT+7
Vietnam billionaire Pham Nhat Vuong to contribute 48 mln Vingroup shares to VinSpeed
Billionaire Pham Nhat Vuong has registered to transfer more than 48 million Vingroup (VIC) shares to the newly-established VinSpeed that registered to build the North-South high-speed railway project.
Companies - Sat, May 31, 2025 | 7:14 pm GMT+7
Two investors propose $65 mln wind power project in central Vietnam
A consortium of Quang Tri Renewable Energy Investment JSC and Win Power Holding Pte Ltd, and Nam Binh Wind Power JSC have submitted an application to implement a 48-megawatt wind power plant in the central province of Quang Tri.
Energy - Sat, May 31, 2025 | 3:10 pm GMT+7
Central Vietnam city seeks investors for $209 mln LNG, LPG terminal project
The central city of Danang is calling for investment in an LNG and LPG terminal project worth over VND5.43 trillion ($208.7 million).
Infrastructure - Sat, May 31, 2025 | 10:52 am GMT+7
Thai-backed food giant C.P. Vietnam rejects pork safety accusations
C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), has dismissed social media allegations of selling diseased pork, calling them fabricated and false.
Companies - Sat, May 31, 2025 | 8:54 am GMT+7
Oman Investment Authority to expand investment fund in Vietnam
Prime Minister Pham Minh Chinh has proposed Oman to enlarge the Vietnam-Oman Investment Fund (VOI) to $1 billion to better cater for the Southeast Asian country's investment needs.
Economy - Fri, May 30, 2025 | 11:26 pm GMT+7
Japanese retailer Aeon to build 2-hectare mall in Vietnam’s Mekong Delta
Retail giant Aeon will develop a 2-hectare mall in the Mekong Delta province of Tien Giang, with an estimated investment of VND1.16 trillion ($44.6 million).
Industries - Fri, May 30, 2025 | 4:44 pm GMT+7
76% of Vietnamese survey respondents say trade uncertainty encourages them to explore new opportunities: HSBC
Vietnamese businesses have experienced exponentially higher cost increases than the global average and are expecting additional short-term costs due to trade uncertainty. But many survey respondents (76%) think trade uncertainty has encouraged their business to evolve and explore new opportunities, write HSBC analysts.
Consulting - Fri, May 30, 2025 | 2:41 pm GMT+7
Vietnamese firm lands first $1 mln order on Alibaba after 8-year struggle to export
After five months of operating a virtual storefront on Alibaba’s B2B e-commerce platform, Sukavina Co., Ltd., a Binh Duong province-based manufacturer of metal tables, chairs, and beds, secured its first international order, marking a significant milestone in the company’s eight-year journey to global markets.
Companies - Fri, May 30, 2025 | 2:37 pm GMT+7