18/07/2017 14:25 GMT+7 Email Print Like 0

Can Tho city pledges optimal conditions for RoK investors

Can Tho, July 18 (VNA) – The Mekong Delta city of Can Tho is willing to create the best possible conditions for companies from the Republic of Korea (RoK) to invest and do business in the locality, a municipal official has said. 

Truong Quang Hoai Nam, Vice Chairman of the Can Tho city People’s Committee, told a investment promotion and networking seminar between Vietnamese and RoK firms on July 17 that Can Tho regards the RoK as a strategic partner. 

He listed the RoK’s major investment projects in the city such as the LOTTE Mart commercial centre, the CGV cinema system and Taekwang footwear factory. 

The most noteworthy is the industrial technology incubator project worth 22 million USD between the Vietnamese and Korean Governments at Tra Noc 2 Industrial Park in O Mon district, Nam said. 

Operational since 2015, the incubator has proven to be effective, helping meet demands of Vietnamese farming businesses and attract foreign investors to Vietnam, according to the official. 

Nam expressed his hope that through the trip, the Korean trade association, which hosted the event with the municipal People’s Committee and the Can Tho Business Association, will encourage firms from the RoK and other countries to invest in the locality. 

He said between 2018-2020, Can Tho will call for domestic and foreign investments in priority sectors, including infrastructure in industrial parks, transport and tourism infrastructure, high-tech agriculture and agricultural product and seafood processing. 

Attention will be paid to luring the flow of RoK investment to raise the city’s provincial competitiveness index, he noted. 

Hwang Eun Sik, chairman of the Korean trade association, said his association and most RoK investors and enterprises have a high opinion of the business environment in Can Tho. 

He voiced his belief that as an economic centre of the Mekong Delta and with advantages in transport, plus complete commercial infrastructure and abundant human resources, Can Tho will become an attractive destination for RoK businesses. 

The association will do its utmost to accelerate the implementation of cooperation projects between the city and the RoK, especially those in information-technology (IT), industry and solar energy, he pledged. 

Responding to the Korean side’s proposals, Nam said the city will send trade promotion delegations to the country to call for more investments in high-tech agriculture, IT, manufacturing industry and machine manufacturing for agricultural products and seafood processing for exports. 

The city will also help the two sides’ business seek cooperation opportunities in trading products like rice, seafood, garments-textiles, pharmaceutical materials and fertilisers, thus spurring economic growth of Can Tho and the Mekong Delta, he said.