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Can Tho to better prioritize investment

Released at: 11:17, 14/08/2018

Can Tho to better prioritize investment

Photo from baodautu.vn

Mekong Delta city holds investment promotion conference on August 10.

by My Van

To support domestic and foreign investors, leaders in the Mekong Delta city of Can Tho have announced that priority is being given to calling for investment in key areas such as high-tech agriculture, agriculture processing, preservation, logistics, culture and tourism, tourism infrastructure, transport infrastructure, resort and urban infrastructure, housing, and commercial centers.

At an investment promotion conference held in Can Tho on August 10, investors expressed their appreciation of the potential and advantages Can Tho possesses. The city is in a prime location, acting as an economic, education and training, and development hub of the Mekong Delta with large-scale investment projects.

Mr. Bui Thanh Nhon, Chairman of the Board of Directors at the Nova Real Estate Investment Corporation, told the conference that Novaland has invested nearly $700 million in Can Tho, beginning with the upgraded Azerai Resort, which is now completed.

Mr. Trinh Quoc Dung, CEO of Material Development at Vinamilk, said that after longstanding cooperation with Can Tho, the dairy giant decided to select it as a focus in developing large-scale farms. “Through cooperation regarding our Song Hau Farm, we have planned a hi-tech dairy farm with a total size of 22,000 sq m and investment of VND4 trillion ($172.2 million).

Mr. Bui Quang Chuyen, Chairman of the Vietnam Motors and Agricultural Machinery Corporation (VEAM), said it is looking forward to investing long term to boost Can Tho's development, which, he added, is the center of production of machinery and equipment for agricultural production and aquaculture in the Mekong Delta.

Prime Minister Nguyen Xuan Phuc said that Can Tho will be able to reach major breakthroughs when the Trung Luong - My Thuan - Can Tho Highway is completed and travel time to and from Ho Chi Minh City is shortened to 90 minutes from three hours.

The Prime Minister said he hoped that Can Tho’s leaders will continue to be dynamic and creative, better manage planning, create foundations for investors, hold dialogue with investors, and remove all difficulties and obstacles for investors to succeed.

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