Can Tho City inks $6 billion investment deals

Nearly 20 investment projects worth US$6 billion were signed between the People’s Committee of Can Tho City and local and foreign investors yesterday.

The Tra Noc Industrial Park in Can Tho (Photo: Tuoi Tre Online)

The memorandums of understanding for the projects were signed at an Investment Promotion Conference jointly organized by the city’s People’s Committee and Bank for Investment and Development.

Almost 90 international and local investors, groups and corporations attended the conference.

The MoUs were signed for 18 of 29 registered projects in various fields including electronics, waste treatment, bio technology, shipbuilding and building seaports, hospitals, trade villages, urban development zones, residential zones, resettlement zones, infrastructure for industrial parks and modern agricultural and hi-tech zones.

At the conference, leaders of Can Tho City discussed with investors the difficulties and obstacles arising during the investment process in order to find out solutions.

The conference saw investors contribute nearly VND3 billion (US$177,514) to the city’s For the Poor Fund to build 4,000 houses for heroic mothers, martyrs’ families and the needy.

By Dinh Tuyen – Translated by Phuong Lan

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