Can Tho has a lot of advantages for foreign businesses to invest in the Mekong Delta city, Chairman of the municipal People’s Committee Le Quang Manh said while meeting with Motoyuki Nakamura, director general of Tri Viet company, on January 30.

Motoyuki Nakamura, director general of Tri Viet company (second from left)
introduce his company's products to Can Tho authorities. (Photo: VNA)

Manh said many Japanese companies are interested in Can Tho, but the number of businesses investing in the city has yet to meet expectation due to their concerns about transportation, logistics and transport costs.

To ease these concerns, the official announced key investment projects being carried out in the delta.

He said the Trung Luong-My Thuan expressway will be opened to traffic by the end of 2020, while the construction of transportation routes connecting the region’s coastal corridor is also underway.

Most recently on December 21, Can Tho international airport had two more air routes to Taiwan and the Republic of Korea. Can Tho is scheduled to expand the air route connecting with Japan’s Tokyo in the second quarter of 2020.

With these conditions, Japanese businesses could be confident to invest in Can Tho, Manh said, adding that local authorities will spare no effort to promote investment activities.

Nakamura said his sports equipment producing company raked in about 20 million USD in 2019 and generated jobs for over 900 workers. Its products are mainly exported to the US, Japan, Russia, and Canada.

After 12 years of operating in Vietnam, the company moves to expand operation in the coming time, he added.