Regional investment conference focuses on three value chains
An investment connection conference between Ho Chi Minh City the Southeast region and the Mekong Delta has identified three priority value chains for regional cooperation
On September 17, a regional investment conference took place in Ho Chi Minh City, aiming to shift from information exchange to concrete project implementation. The conference focused on three high-priority value chains: high-tech industry, agriculture and fisheries, and clean energy. The Investment and Trade Promotion Centre (ITPC) identified these sectors as key priorities for regional connectivity.
Pham Quang Nhat, director of Ho Chi Minh City ITPC, emphasized that the key to regional connectivity lies in transforming each locality's unique strengths into a shared advantage within an integrated value chain. He explained how the Southeast region, with its strengths in high-tech industry, digital technology, and international logistics, complements the Mekong Delta's advantages in modern agriculture, fisheries, marine economy, and renewable energy.
TTC Group's vice chairman, Dang Hong Anh, highlighted the complementary relationship between Ho Chi Minh City's strengths in consumption, exports, finance, and international market connectivity, and the southern provinces' strategic production belt, which accounts for more than 70% of total investment. His company currently exports processed agricultural products to over 40 countries, operates a clean energy system with a capacity of more than 600 MW, and has developed infrastructure for more than 1,300 hectares of industrial parks and clusters.
The private sector is adapting to digital transformation, green transformation, and AI by proposing three sets of policy solutions. These include establishing an incentive mechanism for new technology infrastructure, accelerating the planning of clean land funds and introducing flexible policy sandbox mechanisms, adopting a new management approach for clean transformation projects, and providing long-term preferential credit packages and incentives for large corporations to support small and medium-sized enterprises.
Investors are increasingly attracted to locations with strong investment ecosystems. In the first eight months of the year, Ho Chi Minh City attracted over $10 billion in foreign investment, representing more than 167% year-on-year growth and exceeding 91% of the full-year target. Businesses now seek a comprehensive business ecosystem, with greater certainty and consistency than mere incentive promises.
They require a single focal point to oversee projects from initial exploration to operational completion, as the current multi-agency process can be cumbersome and inefficient.
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