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Can Tho calls for Singaporean investment into priority fields

The Mekong Delta city of Can Tho is calling for Singaporean investment in many priority fields, including infrastructure development at industrial parks, smart city building, logistic zones, healthcare, and education-training.
Can Tho calls for Singaporean investment into priority fields ảnh 1Chairman of the Can Tho People’s Council Pham Van Hieu addresses the event promoting Singaporean investment in the city on May 29 (Photo: VNA)

Singapore (VNA) –The Mekong Delta city of Can Tho is calling for Singaporean investment in manypriority fields, including infrastructure development at industrial parks,smart city building, logistic zones, healthcare, and education-training.

At an investment promotion conference inSingapore on May 29, Chairman of the municipal People’s Council Pham Van Hieusaid this was a good chance for Can Tho city to introduce its advantages topotential Singaporean investors.

He noted that the city is at the centre of and adriving force for the Mekong Delta which owns a completed transport system andrelatively developed industrial, trade, and service infrastructure. It also hasa favourable policy to attract foreign investment and the best possibleconditions for industrial development, Hieu said.

These are also the prerequisites for Can Tho tocall on Singaporean businesses to invest in developing world-class healthcare andeducational establishments, Hieu said, adding that Singapore is one of the twocountries where the city’s authorities focus investment attraction efforts onthis year.

President of the Singapore ManufacturingFederation (SMF) Douglas Foo said Can Tho and the SMF have close-knitcooperation, and they wish to enhance bilateral ties in the time ahead throughthe signing of memoranda of understanding on concrete programmes and fields, aswell as the enhancement of partnerships in agricultural product processing,petrochemical and pharmaceutical production, medical equipment, and aerospace.

According to a 2018-2019 survey conducted by theSingapore Business Federation (SBF), 32 percent of Singaporean enterprises saidthey are ready to invest in Vietnam, he noted.

Chairman of Singapore’s KinderWorld Group RickyTan said an international university project worth some 15 million USD in CanTho has been submitted. If approved, it will be the first of its kind in thecity, meeting the training demand in the Mekong Delta region.

He added that KinderWorld is currently thebiggest foreign investor in school development in Vietnam, having invested over200 million USD in 15 schools in eight provinces and cities. 

At the conference, Can Tho officials introducedthe city’s investment climate, incentives for investors, and projects in needof investment. They also fielded participants’ questions about relevantinformation.

By the end of 2018, Can Tho was home to 82foreign direct investment projects with registered capital totalling some693.35 million USD, according to the local investment promotion agency.–VNA
VNA
#Can Tho city #investment in Can Tho #Singaporean investment in Vietnam #Singaporean investment in Can Tho #Can Tho's investment climate #Singapore Manufacturing Federation #Singaporean businesses in Vietnam #updated Vietnam news #Vietnamplus #Vietnam News Agency Can Tho Singapore
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