Korean enterprises seek investment opportunities in southern Vietnam city Can Tho

The People’s Committee of Can Tho city on Wednesday hosted a working session with a delegation of enterprises from South Korea who came to seek cooperation and investment opportunities in the Mekong Delta hub.

Nguyen Tuan Anh, Deputy Secretary of the municipal Party Committee, said the visit demonstrates the keen interest of Korean businesses in Can Tho’s investment climate and reflects the flourishing ties between Vietnam and South Korea.

To date, Can Tho has attracted 14 direct investment projects from Korean firms and partners with total capital of about $316 million, along with two official development assistance (ODA) projects from South Korea.

The official highlighted Can Tho as one of six centrally-run cities in Vietnam, a driving hub of the Mekong Delta, and region’s center for economy, culture, education, science-technology, and health care.

He noted the city’s priority sectors for Korean investment, including high technology, innovation, IT, high-tech, processing technology, renewable energy, logistics infrastructure, smart urban development, and tourism promotion. The official pledged to accompany investors and facilitate their long-term operation.

For their part, Korean enterprises expressed interest in areas such as smart traffic management, digital transformation, digital assets, and logistics. They also emphasized the importance of preparing high-quality human resources to meet future cooperation demands.

Given Can Tho’s growing transport network, including key expressways, Korean businesses also showed interest in working with Can Tho on operating the port system to international standards and developing smart transport and logistics systems.

At the meeting, five MoUs were signed between Can Tho’s agencies and Korean partners in areas such as science and technology, finance, and digital technology.