Discovery of Red River Delta Investment Potential in Vietnam

Discovery of Red River Delta Investment Potential in Vietnam


- Geographical location:

The Red River delta (RRD) is located in the south of the Tropic of Cancer, between latitudes 22 ° 00 'and 21 ° 30' N and longitude 105 ° 30 'and 107 ° 00' E.
The natural area is 23,336 km2, accounting for 7.1% of the country's land area and 22.7% of the country's population. The population density is 961 people per 1 square Km, the highest in the country and possibly one of the densely populated rural places in the world.
The Red River Delta alone has ten provinces and cities : Bac Ninh, Ha Nam, Hai Duong, Hung Yen, Nam Dinh, Ninh Binh, Thai Binh, Vinh Phuc, Hai Phong, Hanoi.
In the North and northwest near the midlands and mountains, it is rich in mineral and forest resources. It borders the Tonkin Gulf to the East, with abundant marine resources, rich oil and gas potential. It is adjacent to North Central to the south that is famous for building materials and precious metals.
As a whole, the Red River Delta is the flat low-lying plain formed by the Red River and its distributaries merging with the Thái Binh River in northern Vietnam. The delta has the smallest area but highest population and population density of all regions. Most of the land is devoted to rice cultivation.

- Transportation advantage:

 The Red River Delta plays role as the northern gateway of the country. Existing traffic systems include road, river, sea, airway, railway, Hai Phong seaport, Noi Bai International Airport (Hanoi). They are linking hub between the Red River delta and other economic regions in the country. It is also the expanded exchange area with other countries in the region and in the world. The territory of the Red River Delta is "adjacent" to China (the big market of the whole world) and "close" to the countries in NorthEast Asia.

- Advantages of natural resources: 

Firstly, there are ecologically diverse areas, including plain, midland and mountainous areas; fertile fields with the Red River Delta. Such diversely ecological zones are the basic conditions for the development of comprehensive agro-forestry-fishery production. Thanks to that, the Red River Delta is called the granary; Every year, the total output of cereals, foodstuffs and other agricultural products ranks second (after the Mekong delta), contributed significantly to ensuring food security and agricultural commodity exports. There are a number of mineral resources that have large reserve such as 98% coal, 40% kaolin, 25% limestone in comparison with the country one.

- Human strength: 

The region has large human resources, high intellectual standards, and people have traditions of hard work and creativity. The region has more than 26% of officers graduating from college and university and 72% after university and 23.6% of technical workers in the country. There are nearly 100 colleges, universities, 70 professional secondary schools, 60 technical workers schools and 40 vocational schools, hundreds of specialized research institutes, including many leading institutes, more than 20 leading hospitals, are one of the three specialized health centers in the country
In fact, the Red River Delta leads the regions in terms of quantity and quality of human resources and its ability to research and develop science and technology, education, training and health care.

- Strengths in tourism: 

The Red River Delta has great potential to develop the tourism economics. The eastern borders the Gulf of Tonkin, the total length of the coast is 620 km, has special marine tourism resources with many beautiful beaches, famous landscape. There is Huong Tich cave, Ao Vua, Suoi Hai, Tam Coc, Bich Dong, Con Son, Pho Hien, etc,. More than 1,700 historical relics - made up 70% of the national ones. These are the bases for developing a diversified tourist economy, attracting more and more domestic and foreign tourists to visit.
- Topography: The central area of the Red River Delta is very flat, lying at a height of 0.4 m to 12 m above sea level, with 56% less than 2 m.

Advantages and predominance

- Location strength: the Red River Delta has great potential and many predominant advantages over other economic regions are very convenient for the socio-economic development. The Red River Delta has the advantage when Hanoi is a political, socio-economic and cultural center and national defense and security. The Red River Delta also has the northern key economic zone with six provinces and centrally-run cities, including Hanoi, Hai Phong, Hai Duong, Hung Yen, Vinh Phuc and Bac Ninh. This is also the dynamic economic region of the country.
- Growth rate: Increasing income per capita to US$ 2,500 in 2015 and US$ 4,180 by 2020 (equal to 1.3 times the national average). To strive for the target by 2020, the agricultural propotion in the region's GDP will reach 7-7.5%; industry, construction from 45 - 47%; services from 46 - 48%.

- Economic structure: 

Continue to shift in a positive direction. The proportion of agriculture, forestry and fishery decreased, while the proportion of industry and services increased rapidly.


Share on Google Plus

About Unknown

    Blogger Comment
    Facebook Comment

0 comments:

Post a Comment