These FDI projects focus on the manufacture of dried rice bran for export, repair and maintenance of agricultural – industrial machinery, commerce and processing industry, besides cinema. — Photo VNA

HA NOI (Biz Hub) — Southern Can Tho City approved five foreign direct investment projects during the first 10 months of 2015, Deputy Director of Can Tho Department of Planning and Investment Le Manh Tung said.

The projects had a combined capital of US$17.1 million.

These FDI projects focus on the manufacture of dried rice bran for export, repair and maintenance of agricultural – industrial machinery, commerce and processing industry, besides cinema.

According to the Department of Planning and Investment in Can Tho, the total FDI capital that has entered the city by the end of October was US$55.7 million.. These are positive signs for the city.

Can Tho city is considering and approving project documents to establish International Pegasus University for a total investment of about $15 million and a Singapore life skills training school.

With its advantages in supplying raw seafood and farm products, Can Tho is emerging as a potential destination for investors to build processing plants to meet domestic and foreign demand.

In particular, the incubators built with Vietnamese – Korean technology in Tra Noc industrial zone will help to develop the mechanical engineering, agro-processing and aquatic industries in Can Tho.

Regarding the orientation and solutions to attract investment to Can Tho in the near future, attractive FDI projects will be selected and a clear orientation given to ensure sustainable economy development, Le Manh Tung said.

Can Tho will promote investment in some key industries such as high-end agriculture, IT, tourism and transport infrastructure, besides textiles and footwear when Viet Nam officially joins the Tran-Pacific Partnership agreement. — VNS