During the 16th meeting of the Xth term of the Can Tho City People’s Council on the afternoon of July 4th, questions were raised regarding the city’s investment promotion efforts.
Council member Nguyen Van Dung stated that despite numerous trips, delegations, and efforts to promote investment in Can Tho, very few projects have materialized.
 Council member Nguyen Van Dung raises concerns during the questioning session |
Mr. Dung cited reports from the Management Board of Can Tho Industrial Export Processing Zones, indicating no new investment projects in the first six months of 2024. Out of 59 projects, only one officially submitted documents, as noted in the Office of the City People’s Committee’s announcement No. 90 dated April 25, 2024.
“So, I would like to ask the Department of Planning and Investment if our recent investment promotion efforts have been a case of ‘casting a wide net’? Secondly, what measures will the city take to improve investment results, boost economic development, and enhance the livelihoods of its citizens?” Mr. Dung inquired.
Mr. Le Thanh Tam, Director of the Department of Planning and Investment, refuted the notion of “casting a wide net” in foreign investment promotion. He emphasized that these promotional trips abroad have yielded significant benefits, including enhancing understanding among foreign businesses, corporations, and countries about Can Tho’s people, culture, and investment potential.
“They have gained insights into the city’s advantages, capabilities, position, and role within the Mekong Delta region. At the same time, the city is benefiting from central government policies and the determination of its people to engage with foreign businesses,” Mr. Tam explained.
While direct foreign investment attraction has been limited in the first half of the year, Mr. Tam noted that many foreign businesses have shown interest and signed memorandums of understanding for future investments.
Mr. Le Thanh Tam highlights the benefits of the city’s foreign investment promotion efforts
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Ms. Nguyen Thi Kieu Duyen, Director of the Can Tho Center for Investment, Trade Promotion, and Fair Exhibition, acknowledged that the investment promotion efforts have not yielded significant results.
Moving forward, her unit will coordinate with departments and branches to advise the Can Tho City People’s Committee to soon issue a new resolution to replace Resolution 07, as it has not been effective in supporting businesses preparing to invest or already operating in the area.
“The integrated planning of the city will help investors better understand the city’s development orientation. The city’s investment promotion programs will be built to suit the conditions and development stages mentioned in the planning. Enterprises can invest and orient themselves in each project that suits the planning. We will continue to innovate and improve the quality of investment promotion in the future,” emphasized Ms. Duyen.
News and photos: Ca Linh
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