Cần Thơ licenses $14m seafood processing plant

March 19, 2019 - 17:41

A Việt Nam and Japan joint-venture is planning to develop a seafood processing plant worth US$14 million in the southern city of Cần Thơ’s Trà Nóc 1 Industrial Zone.

Chairman of the Cần Thơ People’s Committee Võ Thành Thống (left) hands over the investment licence. - Photo baodautu.vn

Viet Nam News

HÀ NỘI — A Việt Nam and Japan joint-venture is planning to develop a seafood processing plant worth US$14 million in the southern city of Cần Thơ’s Trà Nóc 1 Industrial Zone.

The joint-venture between the city-based Viet Foods Co and the Marine Foods Corporation of Japan received an investment licence from the municipal People’s Committee Chairman Võ Thành Thống last week during his trip to Japan to adveritise the city’s investment opportunities.

The plant is slated for completion in May 2020 and its products will be shipped to the Japanese market, online newspaper baodautu.vn reported.

Nguyễn Thị Kiều Duyên, deputy head of the Cần Thơ Export Processing and Industrial Zones Authority, said she hoped more Japanese investors would come and invest in the city.

As of last year, the city had 82 valid foreign-invested projects with total registered capital of more than $693 million, according to the Cần Thơ Investment, Trade and Tourism Promotion Centre.

Director of the centre Nguyễn Khánh Tùng said the city this year would prioritise attracting investment from Japanese and Singaporean investors in a number of sectors including hi-tech farming, industrial zones’ infrastructure development, IT, logistics, real estate, tourism, transport, healthcare and education. — VNS

Tags Can Tho Vietnam News news ietnam seafood processing plant Vietnam-Japan joint-venture Tra Noc 1 Industrial Zone

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