Overview of Bac Lieu province

1. Overview of Bac Lieu province:
   Bac Lieu Province is located on the peninsula of Ca Mau, in the Mekong Delta, the southernmost region of Vietnam, with a natural land area of 2,570 km², accounting for nearly 0.8% of the country's area and ranking 7th in the region. Mekong Delta. The North borders Hau Giang and Kien Giang provinces, the East and Northeast borders with Soc Trang province, the West and Southwest borders Ca Mau province, the East and Southeast borders the East Sea. Bac Lieu has a 56km-long coastline linking with important seas such as Ganh Hao, Nha Mat and Cai Cung. The sea area under the management of Bac Lieu Province is over 20,000 km², and is a rich potential sea with abundant and diverse marine resources.

Bac Lieu is located in a transshipment position on the important arterial road of the whole country (National Highway 1A), about 110km from Can Tho city and about 280km from Ho Chi Minh City to the North; At present, there are new routes such as Nam Song Hau, Nga Bay - Ca Mau passing through the territory of Bac Lieu province. This is a very favorable condition for Bac Lieu in the exchange and economic development. Bac Lieu used to be an important place in the French strategy of exploiting and building the Mekong Delta, planned by the French to become an administrative center of the West, and at the same time Spend a lot of money on building villas and offices here

2. Potential, economic development strengths of Bac Lieu:
2.1. Industry - handicraft industry
    Industry - cottage industry and handicraft are the fields that Bac Lieu has promoted to attract investment in recent years. ; mechanical engineering, metal processing industry: shipbuilding, manufacturing and assembly of automobiles, agricultural machinery and equipment, electrical and electronic engineering, spare parts manufacturing, machine parts, etc .; chemical industry including basic chemicals, fertilizers and petrochemicals, gas, pharmaceuticals, cosmetics; electronics, telecommunications, information technology, software industry, digital content industry; energy industry, new energy, renewable energy; Production of building materials; supporting industries ...

2.2. Trade in Services
Bac Lieu's commercial activities are quite active, the main export products of Bac Lieu are rice and aquatic products, which have increased rapidly over the years. Enterprises of Bac Lieu have import and export relations with more than 50 countries and territories.
The province currently has more than 10 key commodities that are competitive in the market, including: rice, seafood, salt, handicrafts, ... Of which, two key items, on exports, account for a high proportion. of the city's total export value: rice and seafood.

2.3. Travel
Bac Lieu has many relics marking events from the early days of land reclamation. This is also a land of cultural convergence of the three ethnic Kinh - Chinese - Khmer expressed through unique cultural works, creating a unique beauty of Bac Lieu.
The tourism strengths of Bac Lieu are ecotourism and marine tourism with unique natural landscapes such as bird gardens, longan orchards ...; historical - cultural relics such as: ancient tower of Vinh Hung, Dong Noc Nanh, Temple of President Ho Chi Minh, Complex of Bac Lieu Dasher, Memorial house of late composer Cao Van Lau, Bac Lieu salt field, communal house system, pagoda ...

Besides tangible relics, Bac Lieu is also unique by intangible cultural values such as festivals, customs, traditional practices.These are Ky Yen festivals, Buddhist festivals of Thuong Ngu, Trung Ngu and Ha Ngu;festival of Chöch Cham Thmây, Ooc-om-peel, Don-people of Khmer people;The ancient death anniversary of music, the worship of Thanh Minh ... The culinary culture also creates a feature for this southern land. Bac Lieu cuisine has ethnic characteristics and regional indigenous elements. Many dishes make up the brand of Bac Lieu such as spicy beef noodles, pancakes, noodle soup ...

2.4. Marine economics
This is one of the main strengths of Bac Lieu for many years. With the advantage of 56km long coastline, large coastal area and territorial waters, Bac Lieu has a diverse and abundant marine economic potential. Coastal areas of the province are capable of building seaports, constructing wind and thermal power centers, marine economic zones, tourism, salt industries ... Especially, in recent years, Bac Lieu has always paid attention to. to projects to build farming areas, especially investment projects on building infrastructure for industrial and semi-industrial shrimp farming. Fishery extension, guidance on transfer of technical advances, disease prevention, and environmental sanitation in rearing ponds ... Well implemented. As a result, the area of clean shrimp farming and ecological farming was expanded; area, whiteleg shrimp production increased rapidly; many effective production models are replicated such as intensive black tiger shrimp, whiteleg shrimp farming in the direction of VietGAP, trial of cinnamon fish in Hoa Binh district, eel breeding by artificial breeding in silver tanks in Dong Hai district ... The management of fishing vessels, ensuring safety for fishermen and means of operation on the sea are guaranteed. The total output of aquaculture and fishing in Bac Lieu is always high, an average of nearly 300,000 tons / year, of which war shrimp production is about 35%.

Bac Lieu province has also had preferential credit investment policies to contribute to the development of high-capacity sea fishing facilities to carry out offshore fishing, expanding the area of industrial and semi-industrial shrimp farming, upgrade and build new seafood processing plants with advanced equipment and technologies towards export and competitiveness in the world market. In addition, to increase investment in building infrastructure for marine fisheries, firstly, to complete the construction of Ganh Hao fishing port, a fishing port with a favorable position not only for Bac Lieu but also for sea fishing. with the whole country.

3. Situation of attracting investment
With a clear mechanism of policies to attract investment, efforts of departments, branches and localities in coordinating to handle investment jobs quickly, ensuring the correct order of investment procedures and regulations. About reforming administrative procedures ..., in recent years, the investment environment of Bac Lieu has improved markedly. In particular, the PCI competitiveness index of the province in 2013 was ranked 14/63 provinces and cities nationwide and ranked 6/13 provinces in the Mekong Delta. This has brought about a positive change in investment, trade and tourism promotion activities.

By the end of 2014, the province had 76 investment projects; including 59 domestic investment projects, total registered capital of 19,070 billion dong, 17 foreign invested projects, and registered capital of 67.1 million USD. Currently, there are 33 projects (20 domestic investment projects and 13 foreign investment projects) that have been put into operation with a total investment of VND 1,106 billion and USD 61.4 million; In 2014 alone, more than 30 projects were attracted, including 23 registered projects with a total investment of VND 4,260 billion and USD 1,105 million. Some projects have been completed and put into operation in 2014 such as: The Prince of Bac Lieu House, Nha Mat Tourist Area (phase 1), Vinh Loc Rice Processing Factory. In addition, there were a number of large enterprises coming to learn and register for projects such as Nguyen Kim Trade Center, Garment manufacturing and processing factory (Korean investors), Electricity Center of Bac Lieu (Japanese investor), Korea - Bac Lieu Wind Power Plant, Bac Lieu wastewater treatment plant ...