An Giang on the rise: economic center for tourism and industry!

An Giang on the rise: economic center for tourism and industry!

An Giang Province presents itself as a future-oriented trade and investment location in Vietnam. With its excellent location, centrally positioning it between Ho Chi Minh City, Can Tho and Phnom Penh, the region has the potential to become an important hub for the Mekong sub-region. The An Giang Border Gate Economic Zone has been selected as one of the eight priority border economic zones, which is expected to promote attracting foreign investment. This economic zone includes diverse sectors including industry, trade, services, tourism, logistics, urban development, agriculture, forestry and fishing, such as Vietnam.vn reported.

Infrastructure development plays a crucial role in An Giang's future plans. Planned investments in transport connections to the Tinh Bien and Khanh Binh border crossings paint a picture of a well-connected economic area. As part of a highway project that connects Chau Doc with Can Tho and Soc Trang, connections to international seaports and national roads are also to be optimized. My Thoi Port can accommodate ships with a capacity of up to 10,000 tons, further increasing the movement of goods.

Economic growth and social development

Over the past 20 years, An Giang has recorded an average growth rate of 7.3% per year. GDP per capita increased significantly from VND 0.65 million (1990) to VND 46.6 million (2020) during the same period. GDP growth of 6.13-6.42% per year is forecast for the period from 2020 to 2025, with a positive expectation of 7.16% for 2024. The poverty rate is around 1.52%, indicating the increasing economic stability of the region.

The province is planning numerous infrastructure projects, including the Chau Doc Bridge and the Long Xuyen city bypass. These projects are intended not only to improve transport connections, but also to strengthen economic cooperation with other regions. Over VND329 billion is planned for investment in the infrastructure of industrial parks and border economic zones, while five industrial parks with a total area of ​​857 hectares are planned.

Tourism and investments

An Giang also actively promotes tourism development. In particular, spiritual, historical and ecotourism will be highlighted, with the expectation of receiving around 9.1 million visitors in 2024. The Lady Chua Xu Festival in Sam Mountain has been recognized by UNESCO as an intangible cultural heritage, adding additional tourist attraction. With the support of T&T Group, a 5-star hotel will also be built in An Giang with a budget of nearly VND2,300 billion.

The province aims to become a center for the agricultural economy in the Mekong Delta, particularly through the development of key industries such as food processing and seafood production. To further improve the investment climate, several policy mechanisms have been introduced to attract investors. An Giang also plans to merge with Kien Giang Province to form a larger economic entity and accelerate the region's development, such as Viet Nam Plus reported.