The Mekong delta city of Can Tho authorities signed 11 memorandums of understanding with economic groups and investors on the development of industries, post and telecommunication, steel plant construction, hotel building and hi-tech industrial zones.

The signing took place at an investment promotion conference held on Nov. 16 by the municipal authorities in the hope of luring around 6 billion USD in developing various industries in the locality.

Can Tho has offered investors 29 projects involving hi-tech agricultural zones, electricity industry, electronics, biotechnology application, waste treatment, industrial zone infrastructure, handicraft village-ecotourism, vocational training, shipbuilding, seaports, hospitals, urban complex, and re-settlement areas.

The conference attracted the participation of more than 150 representatives of local and foreign economic groups and individual investors.

Located around 169 km from Ho Chi Minh City , Can Tho is the biggest city in the Mekong delta, which is regarded as the “rice basket of Vietnam ”. It is the Mekong delta’s centre of economics, culture, science and technology.

Boasting a large river port and several industrial parks and potentials for tourism, the city is expecting larger foreign investment to explore its untapped potential.

Source: VNA