More than 22 billion USD in FDI poured into Mekong Delta

As many as 1,609 foreign direct investment (FDI) projects, worth 22.3 billion USD, landed the Mekong Delta in the first half of 2019, reported the Vietnam Government Portal (VGP).

The information was released at a recent meeting welcoming importers fromSingapore and other nations in Vietnam in the Mekong Delta city of Can Tho.

A total number of 4,704 enterprises were established in the first half and1,313 ones re-operated, raising the total number of valid firms to 50,000 ones.

The region’s exports and imports hit 8.74 billion USD and 4.59 billion USD,respectively.

As of May 2019, Can Tho city attracted 719.95 million USD in FDI in 82projects. Singaporean investors invested in 10 projects in the city with theregistered capital of 129.24 million USD.

The region’s economic growth over the recent six months of the year wasestimated at 7.53 percent. Three provinces of Tra Vinh, Vinh Long and Bac Lieureported the highest growths in the Mekong Delta.

The meeting aimed to create an opportunity for Singaporean and Malaysian firmsto seek for business and investment opportunities to boost trade and investmentrelations between Vietnam and other ASEAN partners. - VNA

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