Can Tho Granted License for 5 New FDI Projects

In 10 months of this year, Can Tho has granted license for 5 new foreign direct investment (FDI) projects with a total investment of about 17.1 million USD.

These projects focus on sectors as manufacturing dried rice bran for export; repair and maintenance of agricultural/industrial machinery, commerce, processing industry and cinema.

Also in the past 10 months, Can Tho adjusted 38.4 million USD capital increases of 4 FDI projects, in which Lotte hypermarket project adjusted increase of 31 million USD. Currently, the accumulated until early of November 2015, Can Tho has 66 FDI projects with total registered investment capital of 954.6 million USD, implemented capital reached 346 million USD, accounting for 36% of registered investment capital.

According to the Department of Planning and Investment of Can Tho, total FDI capital into Can Tho till October 2015 was 55.7 million USD, reaching 75% of year target. These are positive signs in FDI attraction of the city.

In particular, Can Tho is reviewing and approving project to establish Pegasus international university with an investment of about 15 million USD and life-skills training school of Singapore. This will be the first international university and life-skills training school in Can Tho and the region, contributing to improve the quality of education and training for pupils and students, promoting education and training development, create high quality human resources for Can Tho and the provinces of the region.

As evaluated by the Department of Planning and Investment of Can Tho, in the near future, investment activities of Can Tho will prosper while many investors come to survey the investment environment in areas such as: resort, 5-star hotel, thermal power plant, solar power, project to produce and sell cosmetics, textile, waste treatment plant, hospital…They are big projects, using many workers will contribute to local and region economic development, creating jobs for local people, increase revenues of the city when implemented.

With the advantage of supplying raw material as seafood and agricultural products, Can Tho City is a potential land and ideal destination for investors come to build processing plants to serve domestic and international demand. In particular, the incubators with technology of Vietnam – South Korea in Tra Noc Industrial Zone promise to help develop mechanical engineering industry, agricultural and aquaculture processing in Can Tho.

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