Bestway International launches 300 million USD plant in Can Tho city

Once operational, the plant is projected to create over 5,000 direct jobs and generate approximately 500 million USD in annual revenue, primarily through exports. The project is expected to significantly enhance regional employment and economic growth, contributing to Can Tho’s development and the broader Mekong Delta region.

Can Tho leaders and Bestway Group executives perform the symbolic launch ceremony for the new project. (Photo: VNA)
Can Tho leaders and Bestway Group executives perform the symbolic launch ceremony for the new project. (Photo: VNA)

Can Tho (VNA) – Chinese group Bestway International has launched a 300 million USD investment project in Can Tho city, signaling a significant boost in large-scale foreign investment for the Mekong Delta region.

Speaking at the official launching ceremony on April 25, Song Qing Shui, Production General Director of Bestway International, said the plant, located in the Vietnam-Singapore Industrial Park (VSIP) Can Tho, will span 28.6 ha. Construction of the factory is set to begin in the third quarter of 2025, with completion and full operations expected by the end of 2026.

The factory will be developed as a green, technology-driven complex, featuring integrated research and development (R&D) facilities, smart warehouses, and advanced logistics infrastructure.

Once operational, the plant is projected to create over 5,000 direct jobs and generate approximately 500 million USD in annual revenue, primarily through exports. The project is expected to significantly enhance regional employment and economic growth, contributing to Can Tho’s development and the broader Mekong Delta region.

Highlighting the city’s strategic appeal, Song emphasised Can Tho’s central location in the Mekong Delta, its robust multimodal transport network, and an abundant, high-quality workforce. He also lauded the city’s open investment climate, efficient administrative procedures, and proactive support of the local administration.

Vice Chairman of the Can Tho municipal People’s Committee Nguyen Thuc Hien reiterated the city’s commitment to creating favourable conditions for investors by improving infrastructure, streamlining processes, and offering ongoing project support.

As a global leading producers of inflatable leisure and sports products, Bestway International operates in 112 countries and employs over 15,000 workers worldwide. The company holds about one-third of the global market share in its segment, backed by more than three decades of industry experience./.

VNA

See more

Vietnam and the US hold the second negotiation session of the bilateral agreement on reciprocal trade in Washington D.C from May 19 to 22. - Illustrative image (Photo: VNA)

Vietnam, US look to boost bilateral economic, trade cooperation

Dien stated that Vietnam has a strong and stable demand for US products, equipment, and services, especially in hi-tech and energy sectors. He affirmed Vietnam’s commitment to fostering a transparent and healthy trade environment, noting that Vietnam stands ready to boost coordination with the US side in combating trade fraud, origin fraud, and illegal transshipment.

Ba Son bridge connects downtown Ho Chi Minh City with Thu Thiem urban area (Photo: VNA)

New development momentum for Vietnam’s economic locomotive

For over five decades, the Southeast region has been recognised as Vietnam’s economic and growth engine. At its core is HCM City, flanked by Binh Duong and Ba Ria – Vung Tau, together forming key growth poles not only for the Southeast but for the entire country.