Can Tho targets 450 million USD in FDI in 2021-2030

Update: 08:38 | 24/03/2020
The Mekong Delta city of Can Tho expects to attract 450 million USD in foreign direct investment (FDI) in the 2021-2030 period, according to a plan recently approved by the municipal People’s Committee.
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The Mekong Delta city of Can Tho expects to attract 450 million USD in foreign direct investment (FDI) in the 2021-2030 period, according to a plan recently approved by the municipal People’s Committee.

can tho targets 450 million usd in fdi in 2021 2030
A corner of Can Tho city. (Photo: baocantho.com.vn)

In 2021-2025, Can Tho targets 200 million USD of FDI, of which 150 million USD will be disbursed. In 2026-2030, the city aims to draw 250 million USD with 200 million USD 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 721 million USD, 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 70 million USD in FDI.

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(Source: VNA)