Vinh Long province calls for $1.85 bln investment in 23 projects

Vinh Long province in Vietnam’s Mekong Delta is seeking investment for 23 key projects worth VND42,738 billion ($1.85 billion) in sectors of industrial real estate, agriculture, culture-tourism, urban area development, and trade-service.

Local authorities affirmed it would not welcome investments with outdated technology, wasteful energy usage, and risk of environmental pollution. They aim to attract projects of advance technology, with spillover effects, technology transfer, high added values, and participation of Vietnamese businesses.

Vinh Long would prioritize partners from Japan, South Korea, Singapore, Taiwan, Europe, among others, and would connect with relevant organizations for investment promotions like JICA, JETRO, KOTRA, Eurocham, and Amcham.

Vinh Long is calling for investments in four industrial real estate projects, namely the 200-hectare An Dinh Industrial Park worth VND1.6 trillion ($67.82 million), the 50-hectare Vinh Long town Industrial Cluster worth VND325 billion ($13.78 million), the 50-hectare My Loi Industrial Cluster infrastructure worth VND325 billion, and the 40.72-hectare Tan Binh Industrial Cluster worth VND265 billion ($11.23 million).

It is seeking investments in eight projects in the areas of agriculture and rural development. The biggest ones are a 1,603-hecater high-tech agricultural park in Tam Binh district worth VND4.05 trillion ($171.67 million); the 716-hectare high-tech agricultural park in Long Ho district worth VND1.8 trillion ($76.3 million); and the 500-hectare high-tech agricultural park and ecotourism area in Tra On district worth VND1.25 trillion ($52.98 million).

Each project has an area of up to 200 hectares and investment capital of up to VND500 billion ($21.19 million).

The Mekong Delta province also eyes investments in four culture-tourism projects, namely the 57-hectare Con Giong ecotourism area-resort in Vinh Long town worth VND1 trillion ($42.39 million), the 2,220-hectare Cu Lao Dai ecotourism area in Vung Liem district worth VND1.5 trillion ($63.58 million), a 10.2-hectare agricultural museum-agricultural tourism project in Vung Liem township worth VND400 billion ($16.95 million), and a 3,000-hectare contemporary heritage project in Mang Thit district worth VND3.45 trillion ($146.24 million).

Four urban development projects are in the province’s portfolio, comprising the 300-hectare Vinh Long administrative center in Vinh Long town worth VND7.5 trillion ($317.9 million), the 500-hectare My Hoa new urban area in Binh Minh town worth VND8,053 billion ($341.34 million), the 330-hectare Tan Quoi new urban and recreational area in Binh Tan district worth VND5,315 billion ($225.29 million), and the 126-hectare Con Chim eco-urban-recreational-commercial area in Vinh Long town worth VND3.15 trillion ($133.52 million).

The province’s list features three trade-service projects, namely the 7,711-square meter commercial and trade center in Vinh Long town worth VND100 billion ($4.24 million), a project on innovation of the 11.5-hectare Tan Quoi urban area in Binh Tan district worth VND700 billion, and a 2.74-hectare commercial center in Vinh Long town worth VND350 billion.

Vinh Long province granted in-principle approvals and investment certificates to 12 projects last year, with a total registered capital of VND9,567 billion ($405.52 million), after working with 40 delegations, according to the provincial authorities. They included four foreign direct investment projects worth $102.73 million.