The southern city of Can Tho should foster investment to develop its key fields in a comprehensive manner, especially manufacturing mechanics that would give a boost to the processing and production of agricultural and aquatic products.

Vice Chairman of the municipal People’s Committee Vo Thanh Thong made the remarks at a April 29 conference designed to further promote investment inflow in the city.

He added that Can Tho needs to attach importance to building high-tech agricultural and aquatic parks, as the two fields play a key role in the development of the city and the Mekong Delta at large.

The event enabled local enterprises and those from the Republic of Korea (RoK) to seek cooperation opportunities and helped attract Korean investment in food production and export, he added.

At the workshop, the local authorities introduced their incentive policies for foreign organisations to representatives from RoK firms. They also talked about areas in need of foreign funding and called for investment in industrial and high-tech parks, Tan Loc eco-tourism area and transport projects.

Participating delegates were also briefed about the Vietnam-RoK industrial technology incubator project that started in the city at the end of 2013.

The 21.13-million USD project, paid for by the RoK side through non-refundable assistance, aims to step up research and development of the city’s major industries, including agricultural and aquatic product processing and agriculture-served mechanics.

Once finished, the project will support businesses based in Can Tho and the Mekong Delta to innovate their existing technologies and access better ones as well as increase the quality of products and their operational effectiveness.-VNA