Key Industries

The Mekong Delta offers excellent potential for investment in many industries. Below are five particularly promising sectors.

  • 1 Agriculture and Agro-processing

    Many industries in the Mekong Delta are growing quickly, but agriculture remains the region’s economic backbone. With highly fertile land and an abundance of fresh water, it is ideal for growing crops of many types. And with improving infrastructure, government incentives and a large labor pool, it offers great conditions for agro-processing operations as well. Rice is still a key export, but the relevance of other crops is growing as the region’s agricultural sector matures. Larger farms are producing increasingly higher-value products, including fruits and horticulture. These changes are bringing higher demand for input materials, equipment and services, and present opportunities for many types of investment.

  • 2 Aquaculture and Seafood Processing

    The Mekong Delta is one of the world’s top exporters of seafood. After a boom period that saw a rapid proliferation of small-scale producers, the region’s aquaculture sector is now consolidating and maturing. It is benefitting from more professional management, as well as new standards, new certifications and more sustainable production practices. Key products include shrimp and pangasius fish. Besides processing, market opportunities for high-tech aquaculture equipment are increasing.

  • 3 Construction

    Piggybacking on growth in so many other industry sectors, the construction sector is also booming. One major driver is increased public and private investment in infrastructure, including new roads, bridges, ports and power plants. Another driver is the real estate sector, which is leading development of new commercial centers, office buildings and housing projects.

  • 4 Light Industries

    Due to improving infrastructure, inexpensive land, a large labor pool and many other benefits, several provinces in the Mekong Delta have attracted extensive investment in light manufacturing. This is particularly true in the provinces close to HCMC, which offer good road connections and competitive transport costs, and in labor-intensive industries like food processing and manufacturing of garments, shoes and leather goods.

  • 5 Services

    Many service sectors are growing rapidly in the Mekong Delta. With a large population base, increasing urbanization and rising incomes, the region presents attractive opportunities for retail, healthcare and education businesses. The tourism sector also shows high potential. The holiday island of Phu Quoc is one of the fastest-growing destinations, but tourism on the mainland is also developing.
    As education improves in the Mekong Delta, it is also an increasingly viable destination for offshore business services. This includes simple business process outsourcing services, such as data entry and document digitization, but as Vietnam emerges as a global hub for software development services, some IT companies are considering investment as well. Can Tho, the region’s urban center, presents some of the best opportunities for IT and business process outsourcing (BPO) companies.

“The fertile soils and abundance of water in the Mekong Delta provide a fantastic potential for high-quality horticulture and fruit production.”

Jean-Luc Voisin (Managing Director of Les Vergers du Mekong)