Can Tho City Seeks Cooperation with Philippine Investors

The Mekong Delta city of Can Tho hopes to attract Philippine investments to agro-aquatic product processing, organic and hi-tech agriculture, and its industrial parks, Vice Chairman of the municipal People’s Committee Nguyen Thuc Hien told Philippine Ambassador to Vietnam Meynardo Los Banos Montealegre on November 3, VNA reported.

Hien proposed the ambassador introduce the city’s potential and investment opportunities to associations and investors in the Philippines and provide information about the Philippines’s market, advantages, trade barriers, investment orientations, trade customs, and culture so that Can Tho can have a foundation to intensify promotion activities.

Vice Chairman of Can Tho People’s Committee Nguyen Thuc Hien (R) receives Philippine Ambassador to Vietnam Meynardo Los Banos Montealegre. Photo: Ha Vy

The representative of Can Tho leaders requested the Philippines to support the provision of English teaching assistants; provide post-graduate scholarships or English training for officials and lecturers of universities, colleges, and schools in the city; and cooperate with Can Tho City to respond to natural disasters and climate change.

Meynardo Los Banos Montealegre expressed his hope that this meeting is an opportunity to strengthen cooperation between the Philippines and Can Tho in the fields of economics and cultural exchange.

The Philippines will visit and explore collaboration opportunities with Can Tho. Therefore, it also hopes that Can Tho will seek bilateral cooperation opportunities in the coming time, he added.

Delegates pose for a group photo. Photo: Ha Vy

To date, Can Tho has seen no foreign direct investment (FDI), official development assistance (ODA), and non-governmental organization (NGO) projects from the Philippines. In the first nine months of this year, Can Tho’s exports to the Philippines reached USD 56.9 million.

The two sides are drafting a memorandum of understanding on bilateral cooperation.

Last week, leaders of Can Tho had a meeting with the consulates general and attachés of Australia, the US, and Japan, highlighting the Mekong Delta city’s willingness to expand multi-faceted cooperation with the foreign partners.

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