The
Red River Delta region took the lead in attracting foreign direct investment
(FDI) in the first eight months of this year, according to the Ministry of
Planning and Investment's Foreign Investment Agency.
Over $4 billion in FDI was poured into the
region, accounting for 42.6 per cent of the total investment registered in the
country. The southeastern region ranked second, receiving $3.77 billion or 39.4
per cent of the period's total registered investment.
Meanwhile, the Mekong Delta region attracted
only $126 million, just above the Central Highlands, which saw the lowest level
of foreign investment among six regions in the country, the agency noted.
The region's unsatisfactory performance can be
attributed to poor overall strategies to attract investment. This has resulted
in unhealthy competition among the provinces and a lack of co-ordinated
investment promotion, said Tran Huu Hiep from the South-western Region Steering
Committee.
Insufficient infrastructure facilities and a
shortage of skilled workers are also major challenges to attracting investment,
Hiep said.
He called for closer cooperation among
provinces to effectively exploit the region's advantages, especially in
infrastructure and agriculture. He also urged provincial authorities to take
steps to improve labour resources.
The committee plans to join hands with the Cuu
Long Delta Rice Research Institute and 13 provinces and cities in the region to
develop a co-operative programme on farm produce, seafood production and human
resource training.
Furthermore, the 2011 Mekong Delta Economic
Cooperation Forum (MDEC) will be held next month in Ca Mau City to work out
effective measures to boost regional economic connectivity, Hiep said.
Participants plan to discuss ways to develop a
regional linkage mechanism, a trade-tourism-investment promotion plan towards
2015 and a co-operative strategy between the region and other areas inside the
country as well as foreign establishments.
VIR/VNA
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