Can Tho City’s Inviting Investment Climate: A Spotlight on Korean Cooperation
By VNA
Fri, September 26, 2025 | 7:02 PM GMT+7
The bustling city of Can Tho, situated at the heart of Vietnam’s Mekong Delta, recently opened its doors wider to the world of investment by hosting a meeting with a delegation of South Korean enterprises. The aim? To explore the promising avenues of cooperation and investment opportunities in the region.
Growing Ties Between Can Tho and South Korean Businesses
Nguyen Tuan Anh, the Deputy Secretary of the municipal Party Committee, emphasized the significance of this visit, stating it reflects the strong interest that Korean businesses have in Can Tho’s burgeoning investment landscape. As one of Vietnam’s six centrally-administered cities, Can Tho holds a strategic position as an economic and cultural hub within the Mekong Delta region, making it an ideal location for foreign investment.
So far, Can Tho has successfully attracted 14 direct investment projects from Korean firms, amounting to an impressive $316 million. In addition, the city has entered into two official development assistance (ODA) projects with South Korea, showcasing a growing partnership between the two regions.
Priority Sectors for Investment
To streamline the flow of foreign investment, particularly from South Korea, Can Tho has identified several priority sectors. These include high technology, information technology, renewable energy, smart urban development, logistics infrastructure, and tourism promotion.
The municipal government is committed to not only encourage these investments but also to support Korean firms in establishing a robust presence in Can Tho. This approach is aimed at creating an environment where long-term operations can flourish.
Innovations and High-Quality Human Resources
During the discussions, Korean enterprises expressed keen interest in cutting-edge areas such as smart traffic management, digital transformation, and logistics. Notably, they stressed the importance of developing a workforce equipped with high-quality skills to meet the demands of future cooperation. This need aligns perfectly with Can Tho’s aspirations to position itself as a center for science and technology within the region.
Expanding Transport and Logistics Network
Given Can Tho’s continually expanding transport network, including crucial expressways, discussions also veered towards upgrading the port facilities to meet international standards. Korean businesses are looking to tap into this potential by enhancing smart transport and logistics systems, a move that promises to bolster the city’s economic landscape.
Memoranda of Understanding Signed
In a move to formalize these emerging collaborations, five Memoranda of Understanding (MoUs) were signed during the meeting. These agreements cover key areas, including science and technology, finance, and digital technology, representing a promising step toward mutual growth and innovation.
Can Tho’s strategic initiatives and eager welcoming of foreign investment reflect a vibrant picture of opportunities in the Mekong Delta region. With the support of foreign partners, particularly from South Korea, the city is poised to embark on an exciting journey towards modernization and economic development.