Singaporean, Indonesian companies seek investment opportunities in Can Tho
Chairman of the Can Tho City People's Committee Truong Canh Tuyen held a meeting on April 16 with a delegation of Singaporean and Indonesian businesses that are seeking investment and cooperation opportunities in the Mekong Delta city.
During the meeting, they discussed opportunities for cooperation and investment in projects such as a hydrogen production plant, a liquefied natural gas (LNG) storage terminal, and advanced biofuel production from agricultural waste.
Tuyen affirmed the importance of the projects to the agricultural sector of Can Tho and the Mekong Delta at large.
Over the past years, local farmers have used traditional farming methods, relying heavily on chemical fertilisers, which has led to soil degradation and water pollution. Therefore, the city is focusing on guiding farmers to adopt organic models, restoring ecosystems within agricultural production, he said.
The city’s leader stated that circular economy, green transition, and digital economy are new driving forces contributing to the socio-economic development of each locality in particular and the country as a whole.
He urged Singaporean businesses to research and contact with the city's departments and agencies to gather relevant data, coordinate with local enterprises to ensure a reliable supply of raw materials, and evaluate the feasibility of investing in the construction of a factory with raw material sources not only from the current Can Tho city, but also from the new Can Tho, which will include the current Can Tho city, and Hau Giang and Soc Trang provinces.
Tuyen expressed his hope that Singapore-based H2G Green Limited will continue introducing Singaporean and Indonesian businesses that are interested in other investment projects, particularly in sectors such as agricultural processing, industrial park development, and urban development to the city.
Can Tho is preparing to break ground on a 300-ha secondary factory in the Vietnam-Singapore Industrial Park (VSIP), and is also planning to expand it by an additional 600 hectares. Therefore, the city is eager to attract investments, especially from Singapore.
JICA plans to fund over US$225.4 million for Can Tho’s transport project
Representatives of the Can Tho city People’s Committee had a working session with a delegation of the Japan International Cooperation Agency (JICA) on February 13 to discuss a project on developing transport network in adaptation to climate change in the Mekong Delta locality.
