|Canadian firms set high hopes for investment in fields prioritized by Danang city, including hi-tech agriculture, food processing, education, and IT.
The information was heard at a March 26 seminar held by the municipal People’s Committee to promote Canadian investment inflows in the central city.
Local officials said that the coastal city has spared no efforts to improve infrastructure system and human resources, as well as has offered preferential investment policies with the hope of luring additional foreign investments, including those from Canada.
The city managed to develop the Danang Hi-Tech Park and the first phase of an IT park, while several new industrial parks for small and medium-sized enterprises are ready to welcome investors.
Ho Ky Minh, Vice Chairman of the municipal People’s Committee, noted that investment attraction remains a focus of the city in 2019.
Bryon Wilfert, Chairman of Canada Trade Link, stressed that both Vietnam and Canada are the signatories to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which is expected to give a boost to bilateral trade between the two countries.
Wilfert highlighted Danang as a dynamically developing city, adding that Canadian firms put high hopes on investment in the fields prioritized by the municipal authorities, including hi-tech agriculture, food processing, education, and IT.
Statistics from the local authorities indicate that Danang is now home to more than 700 foreign-invested projects with a total investment of US$3.55 billion. Of which, 9 projects invested by Canadian firms are totally valued at US$1 million.