Speaking at the meeting, Can Tho People's Committee Chairman Truong Canh Tuyen highlighted Singapore’s role as one of Vietnam’s most important economic partners and a key contributor to the development of Can Tho in recent years.
Can Tho City People's Committee Chairman Truong Canh Tuyen, right, presents a commemorative gift to a representative of the Singaporean business delegation (Photo: Hoang Tung).
Tuyen said Singapore currently has 12 foreign direct investment projects in the city, with total registered capital of nearly USD 320 million.
One of the most significant investments is the industrial park developed by the VSIP Group in Vinh Thanh Commune. Approved in 2022, the project covers nearly 300 hectares and has total investment capital of approximately USD 170 million.
The VSIP Can Tho project is accelerating infrastructure development while attracting secondary investors to establish operations within the industrial park.
According to Tuyen, the city is also facilitating the investment plans of Bestway Group at the industrial park. The project is expected to begin official operations on August 1 and is anticipated to make a significant contribution to the city’s goal of achieving double-digit economic growth.
The chairman encouraged Singaporean investors to continue exploring opportunities in Can Tho, particularly in science and technology, innovation and digital transformation.
Other priority sectors include green growth, the circular economy and greenhouse gas emissions reduction, especially in agricultural production.
He also identified logistics centres, seaports, supply chain development and deep processing of agricultural products from the Mekong Delta as areas with substantial investment potential.
Urban development was another key focus. Tuyen said Can Tho is seeking investment in smart city and modern urban development projects, describing them as areas where the city has significant demand.
Human resource development and workforce training were also highlighted as strategic priorities.
Tuyen pledged that city authorities, government departments and local administrations would provide maximum support to investors and ensure favourable conditions for business operations.
“We welcome your contributions and look forward to further engagement. Following this morning’s discussions, we hope you will continue your site visits this afternoon at the phase one VSIP industrial park and the proposed 520-hectare expansion area for phase two,” he said.