Can Tho City will call for VND124 trillion (US$5.4 billion) investment to finance 54 projects at a conference to be held on August 9-10.

The new list, reviewed at a meeting on Tuesday, exceeds the initial target of a combined VND110 trillion set in May.

Of the 54 projects, 44 are in the form of direct investment with an estimated value of over VND112.9 trillion.

Among them, 22 have found investors who are already prepared to deploy VND82 trillion.

The Mekong Delta City is seeking investment to become a service and hi-tech agriculture centre as well as an information technology hub.

Can Tho is expected to introduce its strengths and investment policies during the conference under the theme of Sharing Potential for Mutual Development on August 10.

Prime Minister Nguyen Xuan Phuc, along with 550 domestic and foreign delegates, is expected to attend the event.

Discussions will be held on services, hi-tech agriculture and information technology. Some investment projects are expected to be awarded licences at the event and ground-breaking ceremonies for key projects in the area will be held.

Last year, Can Tho attracted 77 foreign direct investment projects worth $656 million. — VNS