Hau Giang a new investment magnet in Mekong Delta

Hau Giang province, boasting a favorable location, good infrastructure, and an open business environment, is emerging as an attractive investment destination in the Mekong Delta.

Since the beginning of 2023, the province, traditionally known as an agricultural production center, has lured a range of urban and industrial production projects, including a VND132 billion ($5.63 million) project to build Binh Thanh B New Urban Area in Binh Thanh ward, Long My township.

The 50-year project, covering an area of more than 10 hectares, is invested by Hop Luc Infrastructure Development and Construction Investment Co., Ltd.

Previously, the provincial People's Committee granted an investment licence to Sunjin Vina Co., Ltd. of South Korea to build a 2.6-hectare aqua feed processing factory in Tan Phu Thanh Industrial Park, Chau Thanh A district.

The VND553 billion ($23.58 million) factory will use advanced technology and imported raw materials to produce 126,000 tons of fish and shrimp feed per year following a closed process.

Once operational, it is expected to generate an annual revenue of over $161 million and an export value of $40 million.

According to the provincial Department of Planning and Investment, in recent years, Hau Giang has attracted many large-scale industrial production projects. Currently, it is home to 237 industrial enterprises, of which 15 have an annual production value of at least over VND500 billion ($21.32 million).

Some large-scale enterprises with business efficiency include the Minh Phu Seafood, Vietnam Fish One, RICO Feed Hau Giang, Number One Hau Giang, Masan HG, Lac Ty II, Can Tho-Hau Giang Cement, HAMACO-Hau Giang Concrete, and Petrovietnam Branch, and Song Hau 1 Power Project Management Board.

In 2022, Hau Giang province had 843 newly registered enterprises, with a total registered capital of over VND5,116 billion ($218.16 million), up 71% year-on-year.

The locality has so far attracted more than 400 investment projects with a combined investment of VND140,542 billion ($5.99 billion). Among them, there are 30 FDI projects, valued at over $686 million.

Hau Giang currently has two industrial parks covering a total 500 hectares, with an occupancy rate of 80%. The province will zone off an additional 2,200 hectares to develop eight new industrial parks by 2030. Of which, four located in Chau Thanh and Chau Thanh A districts that neighbor Can Tho city are scheduled to open in the next three years.