Can Tho City Looks for Collaboration with Philippine Investors

Can Tho city is hopeful that the Filipino ambassador will play a vital role in connecting Filipino businesses with opportunities to invest in our vibrant city.

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The Mekong Delta city of Can Tho is looking to attract investments from the Philippines in agro-aquatic product processing, organic and hi-tech agriculture, and its industrial parks, according to Vice Chairman of the municipal People’s Committee Nguyen Thuc Hien. The request was made during a meeting with Philippine Ambassador to Vietnam Meynardo Los Banos Montealegre on November 3, as reported by VNA.

Hien requested the ambassador to introduce the city’s potential and investment opportunities to associations and investors in the Philippines. He also asked for information about the Philippines’s market, advantages, trade barriers, investment orientations, trade customs, and culture in order for Can Tho to enhance its promotion activities.

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

Can Tho’s representative also called for support from the Philippines in providing English teaching assistants, post-graduate scholarships, or English training for officials and lecturers of universities, colleges, and schools in the city. Additionally, there was a request for cooperation between Can Tho City and the Philippines to respond to natural disasters and climate change.

Meynardo Los Banos Montealegre expressed his hope that the meeting would serve as an opportunity to strengthen economic and cultural exchange between the Philippines and Can Tho.

The Philippines plans to visit and explore collaboration opportunities with Can Tho. The country also hopes for Can Tho to seek bilateral cooperation opportunities in the future, he added.

Can Tho City Seeks Cooperation with Philippine Investors
Delegates pose for a group photo. Photo: Ha Vy

To date, Can Tho has not received any foreign direct investment (FDI), official development assistance (ODA), or non-governmental organization (NGO) projects from the Philippines. However, its exports to the Philippines reached USD 56.9 million in the first nine months of this year.

Both sides are currently working on a memorandum of understanding for bilateral cooperation.

Last week, leaders of Can Tho met with consulates general and attachés from Australia, the US, and Japan, expressing their willingness to expand multi-faceted cooperation with these foreign partners.

Hannah Nguyen