The Republic of Korea (RoK) will provide a 500,000 USD aid package for the Mekong Delta city of Can Tho to boost its hi-tech agriculture.

The capital will be used to build infrastructure and purchase modern machinery and equipment.

The announcement was made during a meeting between local authorities and a delegation of Korean economic consultants led by Hak Min-kim.

Three companies from the RoK are set to invest in Can Tho, including YouCel major in bio-cellulose manufacturing, Nexgen Biogen specialised in canola extracting for cooking oil and cosmetics, and Nano Bio One operating in bio-nano technologies.

At the meeting, Chairman of the municipal People’s Committee Le Hung Dung expressed his hope that the projects would generate more jobs and tap on the availability of farming materials.-VNA