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

Deputy Minister of Finance Cao Anh Tuan holds a working session with Intel Corporation. (Photo: VNA)

Vietnam, US promote cooperation in AI, semiconductor

AI and semiconductors have been identified as core sectors for development by both Vietnam and the US in the coming decade, thus contributing to balancing trade and investment between the two countries.

Vietnamese Ambassador to the UK Do Minh Hung (L) address the roundtable discussion. (Photo: VNA)

Vietnam, UK boost agricultural trade ties

The UK, with an annual agri-food import value of 67 billion USD, is seen as a high-potential market. In 2024, Vietnam’s agri-export turnover to the UK reached nearly 883 million USD, a 15.4% year-on-year increase.

Illustrative photo (Photo: VNA)

Ministries, agencies asked to take measures to effectively manage gold market

However, along with pending internal shortcomings, the unusual and unprecedented developments in the world geopolitical situation since the beginning of 2025 have pushed international gold prices to continuously increase, resulting in strong fluctuations in domestic gold prices, and the growing gap between domestic and world gold prices.

Illustrative image (Photo: VNA)

Government to ramp up inspection on gold trading

The surge in domestic gold prices and the widening disparity with global rates recently were partly due to market psychology, driven by expectations of further international price hikes.

The opening of the Ho Chi Minh City Pavilion at the 2025 Saudi Food Show being held from May 12 to 14 at the Riyadh Front Exhibition and Conference Centre. (Photo: courtesy of ITPC)

HCM City businesses attend Saudi Food Show in Riyadh

The HCM City pavilion is a joint exhibition space comprising three adjacent sections with a total area of 300 square metres organised by the Investment and Trade Promotion Centre of HCM City and the Vietnam Trade Office in Saudi Arabia.

Prime Minister Pham Minh Chinh speaks at the dialogue with the US business community in Hanoi on May 13. (Photo: VNA)

US businesses affirm long-term commitment to Vietnam

During the meeting, US delegates expressed appreciation for the Vietnamese Government’s goodwill and for its efforts to maintain a favourable investment climate. They proposed Vietnam continue enhancing its business environment by addressing bottlenecks in administrative procedures, non-tariff barriers, taxation, and fees, while ensuring infrastructure conditions, transparency, and rules of origin