Mekong Delta attracts 7,800 billion VND of investment in tourism and infrastructure

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The localities also introduced 45 other projects in need of investment in the fields of agriculture, processing, manufacturing and logistic infrastructure with a total capital of 150 trillion VND.

Dr. Vo Hung Dung, Director of the Vietnam Chamber of Commerce and Industry (VCCI) Can Tho Branch said that the conference saw the participation of big corporations specializing in investment consultancy and real estate, such as Savills, CBRE, Phu My Hung, Akubai, Vietnam Consulting Group, Harbor, and Ho Chi Minh City Real Estate Association.

The localities also introduced 45 other projects in need of investment in the fields of agriculture, processing, manufacturing and logistic infrastructure with a total capital of 150 trillion VND.

The conference also provided an opportunity for Mekong Delta localities to introduce their advantages of tourism development and the analyses of infrastructure development and tourist products and destinations.

Vietnam has new development opportunities with the Mekong Delta region as one of the most attractive investment and business areas. The total retail sales of the region reached over 675,000 billion VND in 2016, accounting for 19.15% of the country’s retail sales.

The number of tourists arrived in the Mekong Delta rapidly increased, reaching 28.15 million of which international visitors were 2.47 million (up by 18.4% compared to the previous year). The total revenue of the regional tourism sector reached 11,305 billion VND in 2016, up by 16.1%.

For the first six months of 2017, the Mekong Delta welcomed 20.98 million visitors, earning 6,504 billion VND, up 22% over the same period last year.

At the event, delegates pointed out the weaknesses of the region’s infrastructure, saying that the development of the regional tourism sector had not been on a par with its potentials.

At the conference, information related to real estate, infrastructure and tourism services was provided to investors. Besides, provinces solicited investments worth VND7.8 trillion ($346 million) in 33 real estate and tourism projects and VND150 trillion ($6.7 billion) in 45 industrial, agricultural, automation, engineering, processing, and logistics projects.

According to the Mekong Delta tourism development plan approved by the Government, by 2020 the region is set to receive 34 million visitors, including 3.5 million international tourists, and earn VND25 trillion of revenue; and by 2030, the region will welcome 52 million and reach 111 trillion VND in revenue.