Dong Thap Province Seeking US$1.07 Billion for Transport Investment
Sept. 22 – Dong Thap Province in southern Vietnam is seeking VND21 trillion (US$1.07 billion) in investments to upgrade its road and port systems by 2020.
The province is known for its agriculture-based economy, but is working towards shifting to more industry and trade-oriented businesses. It wants to expand trade capacity by developing ports IDI, Bao Mai, Sa Dec, Trang Quoc and others in the Hong Ngu commune.
Dong Thap Province is also looking for investors for its planned US$30 million automobile, bike and tractor spare-part production facilities and its US$20 million agricultural machinery and equipment production plant.
From January to July, Dong Thap authorities spent VND1.12 trillion to upgrade infrastructure facilities and attract more foreign investment.
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