Part of the Vietnam - Singapore Industrial Park in Tan Uyen township of the southeastern province of Binh Duong. (Illustrative photo: VNA)The real estate service provider said that inrecent years, many industrial property developers have selected the MekongDelta as a new and potential investment destination to implement large-scaleprojects.
Those projects include 293.7-ha Vinh Thanh IndustrialPark, located in Can Tho city, which is invested with more than 3.71 trillionVND (153 million USD) by Vietnam - Singapore Industrial Park (VSIP) jointventure. To support this project, the municipal administration has built tworoads leading to this park, namely the one worth 172 billion VND connecting thepark with National Highway 80 and another worth over 384 billion VND liking itwith the access road of Vam Cong Bridge.
Showing its strong confidence in the region’slogistics potential, in October 2022, SLP Vietnam launched work on a warehouseproject named SLP Park Binh Minh covering 29,000 sq.m. in Vinh Long province.It believed that this modern warehouse project will be useful for easingpressure on the overloaded logistics system in Ho Chi Minh City.
Meanwhile, preparations are being made to startconstruction of the first phase of the Gilimex Vinh Long Industrial Park. The400ha project, invested with some 2.6 trillion VND, in Binh Tan district ofVinh Long province is carried out in two phases, with the first one covering255ha and the second 145ha.
John Campbell, Associate Director and head ofindustrial services at Savills Vietnam, held that these projects show thecompanies’ long-term commitments in their visions of developing business andimproving the logistics system and real estate in the Mekong Delta, and Vietnamas a whole.
In the coming time, many investors will continuechoosing this region as their destination, particularly in the food, beverage,and farm produce processing industries, he said.
To attract investors, the expert recommendedlocalities fine-tune mechanisms, reform administrative procedures, provide astable legal corridor, create a favourable investment environment, and tacklebottlenecks facing investors.
In an action plan for implementing the Politburo’sResolution 13-NQ/TW, dated April 2, 2022, on orientations for socio-economicdevelopment and defence - security safeguarding in the Mekong Delta until 2030,with a vision to 2045, the Government targets the annual growth rate willaverage 6.5 - 7% during 2021 - 2030 and the size of the region’s economy by2030 will be 2 - 2.5-fold bigger than in 2021. To that end, completing theexpressway system connecting the Mekong Delta with the southeastern region isamong the tasks.
According to the Prime Minister-approved plan onthe road network for 2021 - 2030 with a vision to 2050, the Mekong Delta willhave six expressways that have four - six lanes and total length of 1,166km.
Besides, a strength of this region is waterwaytransport, Campbell noted, adding that if the waterway transport infrastructureand port complexes are developed and connected with the national port system,it will help strengthen the Delta’s logistics, production and sea transportadvantages, thus attracting even more investors./.
VNA
