MEKONG DELTA (VNS)— The Can Tho city and Cambodian province of Battambang have signed a memorandum of understanding on economic co-operation that covers commerce, investment, and tourism.
The two sides will create favourable conditions for businesses from the two localities to co-operate in areas like processing of farm produce, goods distribution, investing in processing plants for farm and aquaculture produce, animal husbandry, and tourism.
Can Tho has the best infrastructure in the Mekong Delta in Viet Nam with an international airport, a deep-water port, and personnel training capabilities, and it has businesses with experience in processing and exporting farm produce.
Several Can Tho businesses are seeking opportunities to co-operate with their Battambang counterparts to purchase and process paddy and 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 per cent are farmers. The province harvests 2 million tonnes of rice a year and has innumerable ponds and lakes suitable for aquaculture.
The MoU was signed between Prach Chann, head of Battambang province, and Nguyen Thanh Son, chairman of the Can Tho People's Committee, on Friday.
At the signing ceremony Chann said agricultural produce from Battambang had been exported, mainly in semi-processed form, to several countries for the last couple of years.
The province was 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. —VNS