Processing shrimp for export (Photo: VNA)
Can Tho (VNA) – Officials and businesspeople in the Mekong Delta city of Can Tho were updated on issues regarding the ASEAN Economic Community (AEC) and the Trans-Pacific Partnership (TPP) agreement at a workshop on December 29.

The event, jointly held by the city’s Union of Friendship Organisations and the Party Committee of the municipal Business Block, looked into challenges and opportunities afford ed by the AEC and the TPP.

Vice Chairman of the municipal People’s Committee Truong QuangHoai Nam said the city has to date organised ten workshops on integration with the participation of many experts and managers in this field.

Although a lot of information has been introduced at the events, local businesses are still vague about Vietnam’s engagement in the AEC and the TPP as well as its impacts on Can Tho city.

This workshop forms part ofCan Tho’s efforts to make preparations for integration and cope with difficulties stemming from the process, he said.

By the end of 2015, Can Tho attracted more than 12,000 businesses with a total registered capital of 46 trillion VND (roughly 2 billion USD). Of the figure, more than 90 percent are small and medium-sized enterprises with out-of-date technologies.

Therefore, Vietnam’s participation in the AEC and the TPP is expected to help revamp technologies and equipment for the businesses through the establishment of joint ventures.-VNA