March 16, 2024 | 06:00 GMT+7

Vinh Long Province Targets Strategic Investments with Multimillion-Dollar Ventures

Giang Hoang -

Vinh Long province unveils an ambitious Investment Promotion Program for 2024, focusing on attracting significant investments across key sectors. With an estimated total investment capital of over $1.8 billion, the province aims to harness its diverse potential, emphasizing high-tech industries, agriculture, tourism, urban development, and environmental sustainability.

Vietnam's southern province of Vinh Long is set to embark on a transformative journey with its 2024 Investment Promotion Program, strategically designed to unlock the region's economic potential. The initiative aims to attract substantial investments across various sectors, totaling over $1.8 billion, to drive growth and development.

In the industrial sector, Vinh Long is inviting investments in the construction and operation of infrastructure projects, including the My Loi and Tan Binh industrial clusters, with estimated investments of $13.08 million and $16.53 million, respectively. Additionally, secondary projects in the Dong Binh and Gilimex-Vinh Long Industrial Parks are also open for investment.

In agriculture and rural development, the province is seeking investments in high-tech agricultural zones, with projects in Long Ho and Tra On districts, boasting investments of approximately $72.58 million and $28.23 million, respectively.

Culture and tourism projects are also a focus, with ventures like the Eco-tourism resort on Con Giong Island and the Mang Thit brick and pottery area project attracting investments of $40.32 million and $139.11 million, respectively.

Urban development projects include the Vinh Long provincial administrative center urban area, the ecological, commercial, and entertainment urban area on Con Chim Island, and the ecological agricultural urban area in An Binh commune, with investments reaching $564.52 million, $346.77 million, and $806.45 million, respectively.

Commercial and service sectors are not overlooked, with investments sought for projects like the Ward 8 Commercial Center and the TAN Quoi urban investment project, totaling $24.19 million and $28.23 million, respectively.

Furthermore, environmental sustainability is a key priority, with investments targeted for the Household Waste Treatment Plant project in Vinh Long province, estimated at $20.16 million.

With intensified investment promotion activities in 2023, Vinh Long province has already attracted interest from 40 investors, including 17 foreign entities, showcasing the growing appeal of the region for international investment.

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