Can Tho (VNA) – Several major domesticand foreign groups will be committing to projects in the Mekong Delta city ofCan Tho after signing memoranda of understanding on investment next month.

A number of large-scale projects will beconstructed, including the FPT University and Vinmec General Hospital complex withinvestment capitals of 1.17 trillion VND (50.6 million USD) and over 2 trillionVND (86.6 million USD), respectively, according to Chairman of the municipalPeople’s Committee Vo Thanh Thong.

Local authorities are due to grant investment licensesto other large-scale projects, including a complex made up of villas, a golfcourse, and reception area in Con Au islet in Cai Rang district.

Furthermore, businesses from the Republic ofKorea and Japan have also been exploring investment opportunities in Vietnam’sMekong Delta city.

According to the municipal People’s Committee,industrial and processing parks in Can Tho attracted an additional three projectsduring the first six months of 2018 with a combined registered investment of4.17 million USD, as well as three existing projects with increased capital of4.91 million USD and two reclaimed projects worth over 3 million USD.

In summary, industrial parks count for 233 validprojects with a total registered capital of over 1.6 billion USD. The capitaldisbursement was estimated at over 1 billion USD.

From January to June, businesses grossed 776.59million USD in revenue, representing a year-on-year rise of 3 percent andfulfilling 53 percent of the target set for the year.

In the six-month period, Can Tho granted an investmentlicence to one project worth 20,000 USD, allowed another existing project toraise its capital by 30.6 million USD, and suspended the operation of twoprojects worth 500,000 USD.

To date, the city has run 76 FDI projects worth687.4 million USD. The capital disbursement has reached 477.8 million USD.

According to economists, foreign investmentattraction in Can Tho has yet to truly reflect its position as a centre ofdevelopment in the Mekong Delta region due to poor infrastructure connectivitybetween the city and other localities nationwide.

The lack of high-quality labour forces and slowdevelopment of the support industry are also barriers to drawing foreigninvestment, they said.

To address these shortcomings, Can Tho has beenincreasing trade and investment promotion activities both at home and abroad,as well as clearing land at industrial and processing parks to enablebusinesses to make further investments into the city.

Relevant agencies have been working to simplifyadministrative procedures to create a favourable mechanism for investors.

Local authorities also meet with enterprises ona monthly basis to promptly address any difficulties that has arisen and helpthem promote business production.

Can Tho will call for 124 trillion VND (5.4billion USD) in investment to finance 54 projects at an investment promotionconference to be held on August 9-10, with Prime Minister Nguyen Xuan Phuc beingexpected to attend the event along with 550 domestic and foreign delegates.

Of the said projects, 44 are in the form ofdirect investment with an estimated value of over 112.9 trillion VND (4.89billion USD).

Among them, 22 have found investors who arealready prepared to spend 82 trillion VND (3.55 billion USD).

It will introduce its strengths and investmentpolicies during the conference under the theme of “Sharing Potential for MutualDevelopment” on August 10.


Discussions will focus on services, high-tech agriculture,and information technology. Some investment projects are hoped to be awardedlicences at the event and ground-breaking ceremonies for key projects will beheld.

The Mekong Delta city is seeking investment to enable it tobecome a service and high-tech agriculture centre, as well as an informationtechnology hub. -VNA