Can Tho Targets US$450 Million in FDI in 2021-2030

11:19:23 AM | 24/3/2020

The Mekong Delta city of Can Tho expects to attract US$450 million in foreign direct investment (FDI) in the 2021-2030 period, according to a plan recently approved by the municipal People’s Committee.

In 2021-2025, Can Tho targets US$200 million of FDI, of which US$150 million will be disbursed. In 2026-2030, the city aims to draw US$250 million with US$200 million disbursed.

To support domestic and foreign investors, municipal leaders have announced that priority is being given to calling for investment in high-tech agriculture, agriculture processing, preservation, logistics, culture and tourism, tourism infrastructure, transport infrastructure, resort and urban infrastructure, housing, and commercial centres.

Over the years, Can Tho has invested a great deal in infrastructure, especially transport infrastructure, better meeting the needs of socio-economic development and attracting investment to the city and the whole Mekong Delta region.

In 2019, the city organised many missions to promote domestic and foreign investment cooperation, focusing on markets suitable to local investment attraction needs, such as Japan, Malaysia, Singapore, the Czech Republic and Russia.

By the end of February, Can Tho was home to 85 foreign-invested projects, worth US$721 million, ranking 42nd among 63 provinces and cities nationwide, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

In 2019 alone, the city lured nearly US$70 million in FDI.

Source: NDO/VNA