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Investors take closer look at Hau Giang

Hau Giang province in the Mekong River Delta has become an attractive destination for both domestic and foreign investors.
Hau Giang province in the Mekong River Delta has become an attractivedestination for both domestic and foreign investors.

The province, whichcovers an area of about 2 million hectares running along the Hau River’s rightbank, has land and infrastructure, to develop agriculture, fisheries andtourism.

The province includes the Xa No Canal, which is a strategicagricultural waterway dug a half century ago to exploit the uncultivated land ofthe Hau Giang region.

Forty kilometres in length, the canal’s richalluvium has supplied rice paddies for years.

The canal, together withmany other natural channels, has created a system of roads, waterways andirrigation networks for the province to develop agriculture and aquaculture.

Nguyen Van Thang, deputy chairman of the Hau Giang People’s Committeesaid the province’s biggest advantage is its agricultural potential.

Theprovince has 80,000ha under rice farming, 70,000ha of which are used to growhigh-yield rice strains, which can produce 1 million tonnes per year.

“Annually, Hau Giang exports between 350,000 and 400,000 tonnes,” hesaid. “Provincial authorities are calling for enterprises to invest inwarehouses for rice reserves and processing, since these processes are in theworst condition.”

Tran Van Ven, chairman of the Southern FoodCorporation’s Managing Board, said: “Since 2008, the company has begun to investin rice production in Hau Giang for exports. We are developing two riceprocessing projects there and also are going to sign a 300 billion VND (15.8million USD) contract to build a wholesale agro-product market and food storagewarehouse.”

Hau Giang also has potential in aquaculture, especially inraising Thac lac fish, which is a speciality favoured by many people.

“Thac lac fish can become the province’s second export earner after trafish, if it receives enough investment,” he said.

Like other provincesin the Mekong Delta, Hau Giang also has many kinds of fruit that are now majorexports. They include Cau Duc pineapples, Phu Huu grapefruits and Long Trimandarin oranges.

In addition to agricultural potential, many industrialenterprises are interested in the area.

Vu Quang Nam , deputy generaldirector of the Vietnam National Oil and Gas Group, said PetroVietnam haddecided to build a 30 trillion VND thermo-electric plant in the province.

The corporation also plans to develop a fertiliser production network inthe province to supply local farmers.

Thang said the province wascalling for businesses to invest in infrastructure for local industrial parksand industrial production.

Developing eco-tourism will be a focus of theHau Giang tourism sector, according to Nguyen Thanh Hung, director of the HauGiang Trade and Tourism Service./.

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