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VietNamNews

Dutch businesses search for investment

Update: March, 08/2012 - 07:47

CAN THO — A delegation of Dutch businesses visited Can Tho City on Tuesday to seek investment opportunities in the Cuu Long (Mekong) Delta.

It included large businesses operating in the fields of technical design, consultancy, water management, cultivation, cattle feed, education and training.

During a meeting with local authorities on the same day, businesses were briefed on the economic potential of the Cuu Long (Mekong) Delta, sectors calling for foreign investment and local enterprises who wished for trade co-operation.

The Dutch enterprises showed their interest in investing in sectors such as hi-tech and biological industries as well as agriculture and infrastructure development, said municipal Trade, Investment and Tourism Promotion Centre Deputy Director Le Thi Thanh Giang.

"We are attempting to encourage more foreign direct investment in these sectors thus I think, the co-operation opportunities among the two countries' businesses are promising," Giang said, outlining training and tourism as additional sectors for investment.

Bilateral relations between the two countries experienced significant growth over the past few years. Two-way trade reached US$2 billion in 2010 and an estimated $2.5 billion last year.

Viet Nam's key exports to the market include seafood, footwear, garments and textiles, coffee, rice and pepper.

With 157 projects worth $5.78 billion, the Netherlands is the biggest European investor in Viet Nam, ranked 11th among 94 countries.

Most of projects are focused on food processing, oil and gas exploration, chemicals, cosmetics, hotels, construction and services in the southern region. — VNS

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