Cà Mau eyes $10b agro-industrial and energy complex

Cà Mau eyes $10b agro-industrial and energy complex

Once fully operational, the complex is expected to create about 100,000 jobs.

At the working session on Tuesday. — VNA/VNS Photo

Xuân Thiện Group has proposed investing nearly US$10 billion in a vast agro-industrial, urban-tourism and energy complex in the southern province of Cà Mau, a project that could reshape the region’s economic landscape if approved.

The Ninh Bình Province-based conglomerate unveiled the plan at a working session with the provincial Party Committee and People’s Committee early this week.

According to the proposal, the complex would cover around 276,500 hectares. Nguyễn Huy Hoàng, general director of Xuân Thiện Group, said it would feature industrial park infrastructure designed to attract secondary investors, high-tech agricultural production, a sugar mill with an annual capacity of two million tonnes and factories processing agricultural products, food and animal feed.

The plan also includes urban and tourism resort infrastructure as well as port and logistics service areas, Hoàng said. Once fully operational, the complex is expected to generate about 100,000 jobs.

The company intends to mobilise resources to implement the project in phases, with capital allocation expected from 2026. It said priority would be given to recruiting local workers and funding training programmes.

At the meeting, provincial Party Secretary Nguyễn Hồ Hải said Cà Mau welcomes investors with capacity and a long-term vision but stressed that any project must align with provincial planning, comply with legal regulations and ensure balanced interests among the State, businesses and residents.

Provincial departments have been instructed to coordinate with the investor to further review the proposal and submit it to competent authorities in accordance with legal procedures, he said. 

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