Can Tho to mobilise 300 trillion VND for socio-economic development hinh anh 1A corner of Can Tho city. (Photo: VNA)

The Mekong city of Can Tho is striving to mobilise 280-300 trillion VND (12.45-13.34 billion USD) from 2016-2020 to invest in its socio-economic infrastructure.

The figure, a 1.5-fold increase compared to 2010-2015, will be sourced from the State and local budgets. It will be allocated to transportation and agriculture infrastructure, new-style rural building and tourism development, among others.

In addition, official development assistance (ODA) capital and corresponding local funds will be set aside to develop a city capable of responding to climate change, build the Can Tho Oncology Hospital as well as construct the Can Tho river embankment and flood-proof facilities.

According to Nguyen Thanh Hong, Director of the municipal Department of Planning and Investment, the city is speeding up adjustments to legal documents regulating investment preferences and socialisation for each sector and each field.

Relevant agencies will continue to revise infrastructure plans while prioritising public investment capital and ODA funds for key projects which stimulate municipal development.

The city needs to foster administrative procedure reforms, fine-tune suitable mechanisms and policies to lure investment, and effectively utilise public investment capital and ODA sources.-VNA