Can Tho becomes an ideal investment destination

The Can Tho Investment Promotion Conference 2018 saw a great number of deals

Besides, the Can Tho People’s Committee and enterprises signed co-operation agreements to develop projects worth a total of VND85 trillion ($3.76 billion).

According to Vo Thanh Thong, Chairman of the Can Tho People’s Committee, with the theme “Sharing Potential—Accompanying Development,” Can Tho affirms accompanying both foreign and local investors. The city priorities calling for investment in the sectors of hi-tech agriculture, logistics, agricultural product processing, tourism, transport infrastructure, real estate, and commerce.

At the conference, investors expressed interest in investing in Can Tho due to the city’s potential and existing advantages. Can Tho is considered an economic, education-training, and science-technology centre of the Mekong Delta.

Huong Tran Kieu Dung, vice president cum general director of FLC Group, stated that FLC selected Can Tho as the nucleus of the group’s investment strategy in the Mekong Delta. Based on the province’s potential, FLC is studying three large-scale tourism infrastructure projects, including two resorts and a five-star building.

Along with FLC, Novaland Group also considers Can Tho an ideal investment destination. Bui Thanh Nhon, chairman of the board of directors of Novaland Group, said the group is implementing numerous projects in the city with the total investment capital of approximately $700 million. At present, the group’s high-end resort project Azerai Can Tho is already in operation.

Vinamilk, after a long time of investing in Can Tho, also sees further potential in the city, as the result, Vinamilk selected Can Tho to develop its large-scale farms. “Vinamilk will cooperate with local firms to develop a high-tech dairy farm complex with the scale of 22,000dairy cows and the total investment capital of VND4 trillion ($176.99 million),” Trinh Quoc Dung, executive director of raw-material development of Vinamilk, said.

The PM said Can Tho will become a river city "worth-living"

Speaking at the conference, Prime Minister Nguyen Xuan Phuc stated that Vietnam has cities and coastal cities “worth-living,” and now Can Tho stands ready to become a river city or ecological urban area“worth-living.” Can Tho will see a breakthrough in development once the Trung Luong-My Thuan expressway and other key roads and expressways come into operation. Once the expressway is completed, it will only take 90 minutes to reach Ho Chi Minh City, cutting commutes by half.

Previously, on August 7, the PM issued Decree No.103/ND-CP on specific policies on investment, finance, banking, and the decentralisation of management for Can Tho, which is considered an incentive helping the city lure in investment capital.