Business

Can Tho has many advantages for foreign-invested firms: official

Can Tho possesses many advantages for foreign-invested firms: official

Can Tho has a lot of advantages for foreign businesses to invest in the Mekong Delta city, Chairman of the municipal People’s Committee Le Quang Manh said while meeting with Motoyuki Nakamura, director general of Tri Viet company, on January 30.
Can Tho possesses many advantages for foreign-invested firms: official ảnh 1Motoyuki Nakamura, director general of Tri Viet company (second from left) introduce his company's products to Can Tho authorities. (Photo: VNA)

Can Tho (VNA) – Can Tho has a lot of advantages for foreignbusinesses to invest in the Mekong Delta city, Chairman of the municipalPeople’s Committee Le Quang Manh said while meeting with Motoyuki Nakamura,director general of Tri Viet company, on January 30.

Manh said many Japanese companies are interested in Can Tho, but the number ofbusinesses investing in the city has yet to meet expectation due to their concernsabout transportation, logistics and transport costs.

To ease these concerns, the official announced key investment projects beingcarried out in the delta.

He said the Trung Luong-My Thuan expressway will be opened to traffic by theend of 2020, while the construction of transportation routes connecting theregion’s coastal corridor is also underway.

Most recently on December 21, Can Tho international airport had two more airroutes to Taiwan and the Republic of Korea. Can Tho is scheduled to expand theair route connecting with Japan’s Tokyo in the second quarter of 2020.

With these conditions, Japanese businesses could be confident to invest in CanTho, Manh said, adding that local authorities will spare no effort to promoteinvestment activities.

Nakamura said his sportsequipment producing company raked in about 20 million USD in 2019 and generatedjobs for over 900 workers. Its products are mainly exported to the US, Japan,Russia, and Canada.

After 12 years ofoperating in Vietnam, the company moves to expand operation in the coming time,he added./.
VNA
#foreign businesses #Mekong Delta #transportation #logistics #Trung Luong-My Thuan expressway #Vietnamplus #Vietnam News Agency Can Tho
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