Can Tho city invites Japanese investment in key projects

Officials of the Mekong Delta city of Can Tho have called for Japanese investors to fund key projects, pledging to provide attractive conditions, during a meeting with business representatives from Japan ’s International Friendship Exchange Council (FEC).
Officials of the Mekong Delta city of Can Tho have called for Japanese investors to fund key projects, pledging to provide attractive conditions, during a meeting with business representatives from Japan ’s International Friendship Exchange Council (FEC).

The 12 key projects Can Tho is seeking investment in cover a number of fields, from technology, tourism and logistics to industrial parks and real estate.

Nakagaki Yoshihiko, FEC Vice President and Chairman of the Japan-Vietnam Cultural and Economic Exchange Committee, said the delegation’s visit aimed to explore investment opportunities in the fields of energy, industrial food production, logistics, housing and industrial park infrastructure.

He also expressed his hope for Can Tho to provide the best conditions possible and assist Japanese businesses in fulfilling administrative procedures during project implementation.

At the event, Chairman of the municipal People’s Committee Le Hung Dung committed to implementing concrete preferential policy measures for Japanese firms, including site clearance assistance, property rentals, land leasing and attractive interest rates.

Can Tho’s main exports to Japan include rice, aquacultural products, apparel, leather, handicrafts, and chemicals, according to the city’s Investment, Trade, and Tourism Promotion Centre.

In 2013, the locality earned 155.2 million USD from exports to Japan and imported 29.5 million USD worth of goods from Japan . During the first nine months of this year, exports were valued at 100 million USD and imports at 45 million USD.

Five Japanese businesses are currently operating in Can Tho, including three joint ventures.-VNA

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