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Can Tho City seeks Japanese investment

Update: March, 30/2015 - 08:59
The Cuu Long (Mekong) Delta fishery centre project is estimated to cost $400 million, and another project to build infrastructure for O Mon industrial park seeks $130 million in investment. — Photo baoangiang

CAN THO (VNS) — Officials in Cuu Long (Mekong) Delta city of Can Tho have asked Japanese invest-ors to fund seven local projects.

The projects include making agricultural equipment, as well as developing high-tech agricultural areas and fishery centres.

The city made the request during a working session between municipal leaders and representatives from Tokyo University, as well as two Japanese securities and financial groups last week.

The projects include the construction of a factory for manufacturing and assembling agricultural equipment, valued at US$30 million, and the development of two agricultural areas applying high technology worth $33.9 million.

Can Tho also called for investment in another high-tech farming area in Co Do district, with a total capital of $10 million for planting and diversifying types of rice crops.

The Cuu Long (Mekong) Delta fishery centre project is estimated to cost $400 million, and another project to build infrastructure for O Mon industrial park seeks $130 million in investment.

The Japanese investors were also encouraged to allocate capital into a five-star hotel and conference hall worth $45.5 million.

According to Assistant Professor Dr Kawashima from Tokyo University's Faculty of Agriculture, Japanese investors are shifting their investments to ASEAN countries from China, with Viet Nam among its prioritised markets.

Further, he pledged to help Can Tho introduce the proposed projects to other Japanese investors. — VNS

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