State bank to develop Mekong Delta’s key economic region

The State Bank of Vietnam has set up a special team to assist its governor to push through policies that will encourage the development of banking products and services and investment in one of the Mekong Delta’s key economic regions.

The group comprises of the State Bank’s Vice Governor Nguyen Dong Tien and leaders of the Credit Department and the Monetary Policy Department, plus several major banks.

The Mekong Delta’s key economic zone includes Can Tho city, and the provinces of An Giang, Kien Giang and Ca Mau, according to a project that was approved by Prime Minister Dung on April 16.

The zone will be developed into a major rice and seafood centre with a GDP growth rate being 1.2 times higher than the country’s average figure for the 2009-2010 period.

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