Business

Can Tho eyes stronger investment, trade ties with Singapore

Can Tho city wishes to expand its comprehensive cooperation with Singapore, an official from the Mekong Delta city told Singaporean Ambassador to Vietnam Jaya Ratnam at a meeting on November 24.
Can Tho eyes stronger investment, trade ties with Singapore ảnh 1At the meeting. (Photo: VNA)

Can Tho (VNA) - Can Tho city wishes to expand its comprehensive cooperation with Singapore, an official from the Mekong Delta city told Singaporean Ambassador to Vietnam Jaya Ratnam at a meeting on November 24.
 
During a working session with the Singaporean guest, Secretary of the municipal Party Committee Le Quang Manh said the central government has invested in socio-economic infrastructure and other conditions in Can Tho with a view to turning it into one of the new growth engines of the country.

The city boasts great potential for developing agriculture, industry, tourism, and international trade, he said, adding that there is big room for Singapore to expand investment in many fields in Can Tho.
 
As of October this year, Can Tho was home to 13 Singapore-invested projects worth 287.05 million USD. Singapore ranks first in the number of projects and second in the total registered investment capital among foreign investors in Can Tho.
 
In October, Can Tho sent a working delegation to Singapore, aiming to seek cooperation opportunities with Singaporean partners. During the visit, Can Tho agencies signed MoUs on cooperation with Singaporean partners in the fields of tourism, logistics, agro-aquaculture imports and exports, market development, and information exchange.

Liem said he hopes Ambassador Ratnam will support the effective implementation of the MoUs, and encourage more Singaporean businesses to invest in the Mekong Delta locality, especially in the Vietnam-Singapore Industrial Park (VSIP Can Tho) after it is completed.
 
Ratnam said Can Tho is a young and dynamic city, so it holds potential destination for Singaporean investors.

VSIP Can Tho is the 12th VSIP project in Vietnam and the first in the Mekong Delta, he noted, adding that via the project, Singapore wants to accompany Can Tho in realising its goal to become a centre for food processing and distribution and infrastructure development in the Mekong Delta region, thus contributing to the socio- economic development of the locality and Vietnam in general.
 
Singapore hopes to further expand its multifaceted cooperation with Can Tho, he said, suggesting Can Tho promote the opening of a direct route to Singapore in the coming time./. 

VNA
#Singapore #Can Tho #cooperation #investors #Vietnam Plus #Vietnam News Agency Can Tho
Follow VietnamPlus

Related News

Can Tho eyes investment from Dutch businesses in agricultural sector

Can Tho eyes investment from Dutch businesses in agricultural sector

Vice Chairman of the People’s Committee of Can Tho city Duong Tan Hien has called for investment from Dutch businesses in mechanisation in agricultural production; post-harvest preservation technology as well as processing technology of agricultural and aquatic products to create high value-added products.
Most modern labs in Mekong Delta inaugurated in Can Tho

Most modern labs in Mekong Delta inaugurated in Can Tho

The Can Tho University (CTU) in the Mekong Delta city of the same name on October 30 inaugurated a laboratory complex and a high-tech building, the most modern of their kinds in the region, using the official development assistance (ODA) from Japan.
Can Tho, US step up health, education cooperation

Can Tho, US step up health, education cooperation

Authorities of Can Tho and representatives of the US Consulate General in HCM City agreed to boost their comprehensive cooperation in health, education and renewable energy at their November 15 meeting in the Mekong Delta city.
JETRO keen on investing in Can Tho

JETRO keen on investing in Can Tho

The Japan External Trade Organization (JETRO) on November 17 expressed its wish to invest in the Mekong Delta city of Can Tho in the sectors of education, infrastructure, and high-tech farming.

See more

ASEAN, China promote cross-border payments

ASEAN, China promote cross-border payments

In the first quarter of 2025, the value of RMB transactions between China and Malaysia reached 102 billion RMB (4 billion USD), up 27% year-on-year, while transactions with Cambodia reached 5 billion RMB (686 million USD), an increase of 45% compared to the same period in 2024.

Vietnamese Ambassador to China Pham Thanh Binh (left) and Chairman of the China Council for the Promotion of International Trade Ren Hongbin. (Photo: VNA)

Vietnam, China eye deepening trade promotion cooperation

The Vietnamese Embassy is ready to act as a bridge in facilitating cooperation between the China Council for the Promotion of International Trade (CCPIT) and Vietnamese partners, as well as in connecting enterprises from both countries, said Ambassador Pham Thanh Binh.

PM Pham Minh Chinh speaks at the meeting. (Photo: VNA)

PM calls for bold, accelerated action in railway development

Prime Minister Pham Minh Chinh has urged ministries, agencies, and localities to act with “greater speed and boldness” to carry out Vietnam’s railway projects at the second meeting of the Steering Committee for key national railway projects in Hanoi on April 26.

Vietnamese Ambassador to Cambodia Nguyen Minh Vu meets with leaders and staff of three rubber companies in Kampong Thom province, Cambodia. (Photo: VNA)

Vietnam, Cambodia deepen investment links in Kampong Thom

Vietnamese Ambassador to Cambodia Nguyen Minh Vu on April 25 paid a working visit to several subsidiaries of the Vietnam Rubber Group (VRG) in Kampong Thom province, and held discussions with provincial leaders to enhance coordination and create more favourable conditions for Vietnamese firms, thereby promoting stronger bilateral investment ties.

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

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.

Tra fish processed for export in Dong Thap province (Photo: VNA)

World Bank forecasts Vietnam's GDP growth at 5.8% in 2025

As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.

Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien (Photo: VNA)

US calls tariff talks with Vietnam productive

US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.

The working delegation from the Party Central Committee's Commission for Information, Education and Mass Mobilisation inspects the resettlement area for residents affected by the Ninh Thuan 1 Nuclear Power Plant project. (Photo: VNA)

Ninh Thuan asked to gain public support for nuclear power plant project

Pham Van Hau, Permanent Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, stated that recognising the importance of the project, the province has developed specific plans and a roadmap for its implementation. This includes focusing on effective communication efforts to gain high consensus among officials, Party members, and people.