Illustrative image (Source: VNA)
 
Can Tho (VNA) – An investment promotion conference to improve the food value chain in the Mekong Delta was held in Can Tho city on December 12, attracting more than 150 experts, businesses and investors from Vietnam and abroad. 

Speaking at the event, head of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency Vu Ba Phu said with favourable business conditions, the Mekong Delta is attracting more and more foreign investors.

General Director of Trung An high-tech agriculture company Pham Thai Binh said several enterprises from China, Europe and Australia want to buy Vietnamese rice but the country doesn’t produce enough high-quality rice to meet demand.

To improve the product value chain, he underscored the need to create a manufacturing value chain.

Bulgarian Commercial Counsellor from the Bulgarian embassy in Vietnam Oleg Marinov said in recent years, the European Union has been the second largest market of Vietnam, behind the US. Two-way trade topped 38.4 billion EUR in 2015, 29.9 billion EUR of which was Vietnam’s exports to the EU.

He asked Vietnam’s agricultural sector to step up restructuring of manufacturing and renovate farming and processing to produce high-quality products, thus satisfying demanding markets such as the EU.

On the occasion, 10 cities and provinces in the Mekong Delta including Bac Lieu, Can Tho, Ca Mau, Kien Giang, Hau Giang, An Giang, Tra Vinh, Long An, Vinh Long and Tien Giang received investment via 54 food processing projects. Bac Lieu attracted the most with 20 projects.-VNA