Vietnam's Mekong Delta seeks investment in tourism facilities

An Giang Province expects to raise funds for 24 projects, while the province of Bac Lieu will call for investment in 20 projects and Kien Giang will seek funding for 15 projects, according to the organizing board.

Mekong Delta region are seeking investment in 128 culture, sports and tourism projects - PHOTO: VNA

Of the megaprojects, a mangrove eco park project in Ba Dong Sea in Tra Vinh Province is in need of over VND1.3 trillion, while an ecotourism zone project on the Tan Loc river islet in Can Tho City requires VND915 billion, and a shopping mall and entertainment complex project in An Giang is seeking VND900 billion in funding.

Many provinces have offered multiple incentives to attract investors to the big-ticket projects. Participating investors will get tax reductions, support for training human resources and funding for each hotel room built.

In particular, Vinh Long will provide VND30 million per bedroom for four projects to develop three-star hotels and resorts in Binh Minh Town and Long Ho District. There will be restrictions on the number of rooms these projects can hold.

Meanwhile, in Dong Thap, investors in the first three-star hotels in poverty-stricken areas will receive funding from the province, at VND40 million per hotel room. For the first four- and five-star hotels in Cao Lanh, investors will receive up to VND50 million per room.

Also, Tra Vinh will offer funding of VND30 million per room for homestay investors.

The investment promotion conference is part of a two-day forum to sync tourism activities between HCMC and the 13 Mekong Delta localities, starting from today, in HCMC’s District 7.

The conference was co-organized by the Investment and Promotion Center of HCMC, the municipal Department of Tourism, the 13 provinces and other competent agencies in the city. It is expected to gather 200 participants, who are representatives of foreign affairs agencies, investment funds and companies at home and abroad. 

Source: Vietnamnet