Characteristics of Vinh Long
This report provides a comprehensive overview of Vinh Long Province in Vietnam.
Geography
Vinh Long Province is located 136 km from Ho Chi Minh City and covers an area of 1479.1 km2 . It is located in the center of the Mekong Delta (Mekong Delta) in the region between the Tien and Hau Rivers. It borders Tien Giang and Ben Tre provinces to the north and northeast, Can Tho and Soc Trang provinces to the west and southwest, Cha Binh province to the east and southeast, and Dong Thap province to the northwest.
Population
In 2021, the average population of Vinh Long Province is estimated at 1,029,000, ranking 41st among the 63 provinces, with a population density of 674 persons/km2 . Of the total population, urban areas accounted for 233,700, or 22.7%, while rural areas accounted for 795,000, or 77.3%. The male population is 507.0 thousand, or 49.3%, and the female population is 522.0 thousand, or 50.7%.
Labor Resource and Average Salary
In 2021, the labor force aged 15 and older is estimated at 584.0 thousand, representing 55.5% of the province’s total population, of which 15.6% of workers are in occupations or training.
The minimum wage in the highest area in Vinh Long is 4,160,000 VND/month in Vinh Long City, Vinh Minh City (Region II), and in more difficult areas (Region IV), the minimum (Region IV) is 3,250 .000 VND/month.
Infrastructure
Transportation infrastructure: Binh Long has a well-developed transportation system in terms of roads and waterways.
Industry Strengths
As of 2022, there are six industrial parks in Vinh Long Province, including three newly planned industrial parks: An Dinh Industrial Park (200 ha), Binh Tan Industrial Park (400 ha), and Dong Binh Industrial Park (350 ha). The total investment capital for major industrial parks expected to develop in Vinh Long Province from 2021 to 2025 is VND15,336.2 billion.
Economic Development of Vinh Long Province
This chapter describes the economy of Vinh Long Province.
Economic Growth
The GRDP size at current prices is estimated at VND34,305.3 billion, with agriculture, forestry, and fishing (Region I) accounting for 38.26%, industry and construction (Region II) 19.04%, and the service sector (Region III) 42.70%.
GRDP per capita in VND in 2021 will reach 61 million VND/person/year at current prices.
Number of Company
According to the Bureau of Statistics, there were 2792 businesses in Vinh Long at the end of 2021, of which 329 were new registered businesses.
They are mainly enterprises in the fields of development and processing of agricultural products, rice, fruit trees, tourism, mining, textiles, and transportation.
Investment Attraction Projects
2022年、ビンロン省は貿易や観光などの分野への投資誘致を優先している。
Investment by Japanese Companies in Vinh Long Province
Japan: As of March 20, 2022, Japan had 4,828 investment projects in Vietnam with a total registered investment of approximately US$64.41 billion, the third largest among countries and regions with investment projects (after Korea and Singapore).
At the end of March 2022, Vinh Long had nine Japanese investment projects with a registered capital of US$102.85 million in mechanical engineering and processing.
Major projects of Japanese companies investing in Vinh Long are as follows
| Project name | Investor | field | Year of Investment |
| Furukawa AS Vinh Long Vietnam Ltd. factory | Furukawa Automotive Systems | manufacture | 2020 |
Related Information
- ビンロン省の企画投資局
website: https://skhdt.vinhlong.gov.vn/
Adress: No. 88, Vo Van Kiet Street, District 9, Vinh Long City, Vinh Long Province
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