Mekong agriculture lacks FDI
Bad weather, fluctuating prices and high risk in agricultural cultivation has made foreign investors hesitate in pouring capital into the sector. According to the Vietnam Chamber of Commerce and Industry – Can Tho branch, for the first six months of this year, the Mekong Delta attracted 79 new projects with total registered capital of US$987 million and 51 projects increased their capital by $412 million. “Can Tho City has spent many years calling for agricultural investment but right now, we have had only three high-tech agriculture projects in Co Do and Thoi Lai districts at a combined investment capital of $44.1 million,” Nguyen Ngoc He, director of the Can Tho city’s and Rural Development Department said. “We need a strong policy to attract foreign investors. We have to go, to meet and to invite them rather than to wait,” Tran Huu Hiep, head of the Southwest Steering Committee’s Economic Department said.
