The Mekong Delta province of Long An tops all localities in terms of foreign direct investment (FDI) attraction in the first quarter thanks to a 3.1 billion USD project to build gas-fuelled power plants Long An I and II.
Gas-fuelled power plants Long An I and II are being built at Long An international port (Photo: thanhnien.vn)
Hanoi (VNA) – The Mekong Delta province of Long An tops all localities in terms of foreign direct investment (FDI) attraction in the first quarter thanks to a 3.1 billion USD project to build gas-fuelled power plants Long An I and II.
The Singaporean-invested project was the largest FDI one licensed in Vietnam in the first quarter to March 20.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, Long An absorbed a total of 3.2 billion USD in FDI in the reviewed period.
It was followed by Can Tho city also in the Mekong Delta. The city saw the licence of the O Mon II thermal power plant worth more than 1.31 billion USD invested by Japan.
The northern port city of Hai Phong came next with 750 million USD added by LG Display Vietnam to its investment.
The additional amount brought the investment capital of the entire project to 3.25 billion USD in total. It is the biggest FDI project in the port city.
Singapore topped the list of 56 countries and territories landing investment in Vietnam in three months, with nearly 4.6 billion USD, equivalent to nearly 45.6 percent of the total. Japan came second with about 2.1 billion USD (20.8 percent)./.
The Mekong Delta province of Long An will mobilise some 30 trillion VND (1.3 billion USD) to develop local transport infrastructure during 2021-2025, according to the provincial Department of Transport.
Dong Tam Group (DTG) has announced that it is completing the remaining legal procedures for expanding the Long An international port, enabling its berths No. 8 and No.9 to receive 100,000DWT ships.
As much as 10.13 billion USD worth of foreign direct investment (FDI) was injected into Vietnam in the first three months of the year to March 20, a year-on-year increase of 18.5 percent, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
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Gas-fuelled power plants Long An I and II are being built at Long An international port (Photo: thanhnien.vn) 
