Mekong Delta needs 16.5 billion USD to foster sustainable development

The Mekong Delta needs 338 trillion VND (16.5 billion USD) in the next five years to upgrade its traffic infrastructure, improve water storage and mitigate riverbank and coastal erosion.
Mekong Delta needs 16.5 billion USD to foster sustainable development ảnh 1The Government will prioritise funding for the Mekong Delta region to improve its traffic infrastructure and combat climate change, according to the Ministry of Investment and Planning. (Photo: VNA)
HCMCity (VNS/VNA) - The Mekong Delta needs 338 trillion VND (16.5billion USD) in the next five years to upgrade its traffic infrastructure,improve water storage and mitigate riverbank and coastal erosion.

At a meeting in Can Tho late last week, Minister of Investment and PlanningNguyen Chi Dung said the region needs over 198 trillion VND (8.6 billion USD)for traffic infrastructure.

The major expressways with a total of over 1,000 km including Can Tho - CaMau Expressway, Chau Doc - Can Tho - Soc Trang Expressway, and Ha Tien - RachGia - Bac Lieu Expressway will cost 150 trillion VND (6.49 billion USD),expected to improve connectivity in the region. 

Prime Minister Nguyen Xuan Phuc has instructed the Ministry of Transport toprioritise the Can Tho - Ca Mau Expressway in 2021-25 and solicit privateinvestment for the HCM City - Trung Luong - My Thuan - Can Tho - Ca Mauhighway. 

The Trung Luong – My Thuan Expressway should be completed this year and open totraffic, he said.

“Public investment plans for the next five years need to include projectsand programmes important to national development like the North-SouthExpressway, coastal roads and digitising the economy.”

Work to allow large ships to enter the Hau River, a tributary of the Mekong,and developing logistics and waterways across southern Vietnam are alsopriorities, he added.

Besides, the Government will also consider other projects to boostinter-provincial connectivity, with each province being supported on asignificant project that will improve linkages with others.

The government is keen on providing funding for climate change mitigationworks, including sea dykes.

The delta region faces existential problems such as rising sea levels, coastaland riverine erosion, pollution, ecological imbalance, land subsidence, andflooding in urban areas.

Experts have called for an emergency response to climate change in theintegrated regional plan warning that rising seas, coastal erosion andsubsidence could occur earlier than previously assumed.

A comprehensive scientific assessment of all the factors that could affect thedevelopment of the region is also imperative, they said.

Studies show 40 percent of the delta could be underwater by 2100 and half ofits population could be affected, they said.

Some areas along the coast are already eroding at a rate of more than 30metres a year. 

The regional plan for 2025 should aim to reduce the negative impacts caused byupstream activities and take strong measures to end the overexploitation ofsand and groundwater, the experts said.

An integrated regional plan for improving infrastructure to attractinvestment and tackle climate change holds the key to achieving“inclusive growth and sustainable development”, they said.

Large-scale concentrated agricultural areas have been created for key itemslike shrimp, pangasius, rice, and fruits. Processing technologies have alsobeen improved, helping create value chains for agricultural products.

Rice, including world-famous varieties such as ST24 -- crowned the best varietyin the world at the 2019 Rice Trader World Rice Conference in the Philippines –is grown on 4.19 million hectares in the delta or 54.3 percent of the country’stotal.

The region has more than 335,400 hectares of orchards (36.3 percent), with themajor fruits being mango, orange, pomelo, rambutan, longan, durian, pineapple,and dragon fruit./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.