Can Tho establishes ties with Cambodian province
The Mekong Delta city of Can Tho and Cambodian province of Battambang have signed a memorandum of understanding (MoU) on economic, trade, investment, and tourism cooperation.
The MoU was signed between Prach Chann, Battambang governor, and Nguyen Thanh Son, Chairman of the Can Tho People’s Committee, on March 29.
The two sides will create favourable conditions for their businesses to cooperate in areas like farm produce processing, goods distribution, investment in processing plants for farm and aquaculture produce, animal husbandry, and tourism.
Can Tho has the best infrastructure in the Mekong Delta, comprising an international airport, a deep-water port, and personnel training capabilities. Its businesses have a wealth of experience in processing and exporting farm produce.
Several local businesses are seeking opportunities for cooperation with their Battambang counterparts to purchase and process rice for export.
Located in the north west of Cambodia, nearly 300km from the capital Phnom Penh, Battambang has a population of over 1 million, of whom 81 percent are farmers.
The province harvests 2 million tonnes of rice a year and has innumerable ponds and lakes suitable for aquaculture.
At the signing ceremony, Chann said agricultural produce from Battambang has been exported, mainly in semi-processed form, to several countries for the last couple of years.
The province is thus seeking investment in processing plants from Cambodian and foreign partners and to better develop distribution networks, promote exports, and improve financial, tourism, and training services, he added.