Japan remains key business partner of Can Tho
Can Tho City through investment promotion events in recent years has actively courted Japan as its key business partner, heard participants at a seminar on August 8 in the city.
As of July this year, Japan has invested in seven out of 84 projects in the central city of Mekong Delta, with pledged capital of nearly US$25 million, mainly in the fields of commerce, manufacturing, information technology and healthcare, according to data released at the seminar on investment promotion held by the municipal government.
Besides this, two-way trade value between the city and Japan totaled some US$206 million last year. Of this, the city exported rice, aquatic products and handicrafts to Japan, with export turnover reaching US$170 million, and it imported fabrics and pharmaceutical materials from Japan.
In addition, the city has built the Vietnam-Japan Industrial Zone covering 30 hectares of land for Japanese investors in Hung Phu 1 Industrial Zone.
With multiple advantages in terms of transport infrastructure facilities, young human resources and a low-cost and skilled labor force, the city offers the best business environment for Japanese investors who plan to invest in hi-tech and supporting industries, the processing industry and the information technology sector, particularly at the Vietnam-Japan Industrial Zone.
Can Tho hopes to attract more Japanese investors to the city, especially in the fields of healthcare, education, tourism and logistics.