With the theme “Diversifying Investment Sources for the Rapid and Sustainable Development of Can Tho City,” the forum featured key presentations and a panel discussion with a focused agenda. Delegates shared that, as the central city of the Mekong Delta region, Can Tho has not met expectations in attracting investments due to inadequate infrastructure. The road, port, and logistics systems are not fully developed to cater to the needs of large investors. Complex administrative procedures, the lack of breakthrough policies, and the absence of strategies to diversify funding sources by attracting non-budgetary investments and FDI to foster rapid and sustainable development were also highlighted as challenges.
The forum focused on the theme “Diversifying Investment Sources for the Rapid and Sustainable Development of Can Tho City.”
Mr. Tran Viet Truong, Chairman of Can Tho People’s Committee, pointed out the challenges and obstacles faced in attracting investments to the city.
Mr. Tran Viet Truong, Chairman of the Can Tho People’s Committee, emphasized the difficulties and obstacles in attracting investments to the city. While there has been a positive shift in the city’s economic structure, the growth in the Industrial-Construction and Service sectors has been disproportionate, with only a 1 to 2 percentage point increase.
According to Mr. Nguyen Khanh Tung, Director of the Can Tho Socio-Economic Institute, logistics infrastructure and transportation are among the most significant bottlenecks hindering investment attraction to Can Tho and the Mekong Delta region as a whole. Although the Central Government has shown investment interest in the region, inter-regional connectivity lags compared to other parts of the country, falling short of the region’s development requirements.
Mr. Nguyen Khanh Tung, Director of the Can Tho Socio-Economic Institute
“For businesses deciding to invest in Can Tho, infrastructure is their primary concern, followed by clean land funds and raw materials for their key projects,” said Mr. Nguyen Khanh Tung. “The city is also re-evaluating its resolutions, special mechanisms, and policies, proposing new and more competitive ones, including the expectation to develop a Special Economic Zone model (approximately 6,000 hectares) with an expanded development space. Additionally, we aim to innovate in the fields of finance, education and training, logistics, and trade services, among others.”
Mr. Nguyen Phuong Lam, Director of the Vietnam Chamber of Commerce and Industry – Mekong Delta Branch, speaking at the forum
Can Tho City is committed to organizing the annual Economic Forum within the local framework and expanding its scope to the Mekong Delta region.
During the forum, delegates also suggested that Can Tho prioritize long-term solutions, focusing on sustainable development and balancing transportation infrastructure with urbanization. This approach ensures efficient circulation, economic development, and an improved quality of life for its citizens. It was emphasized that a shift in mindset and understanding of the needs of businesses and investors is crucial. Additionally, the city should offer specific policies to attract primary investors and strategic infrastructure investors.
The Vung Ang Economic Zone – Ha Tinh: A Tale of Forgotten Billion-Dollar Ventures
After 18 years and billions of dollars invested in the Vung Ang Economic Zone (Ky Anh Town, Ha Tinh Province), many of the projects lie dormant. Vast tracts of land, spanning tens to hundreds of hectares, remain untouched and infrastructure lies idle, failing to deliver any tangible benefits.
The Future of Vietnam-US Relations: A Comprehensive Strategic Partnership Forum
Vietnam Economic Times, or VnEconomy, is proud to be the official media sponsor for the upcoming event on November 15th.
“TPBank: Proud to be a National Brand of Vietnam in 2024”
For two consecutive years, TPBank has been bestowed with the prestigious title of Vietnam National Brand, a testament to the bank’s unwavering commitment to developing innovative financial products and services. This recognition highlights not only the convenience and digital accessibility that TPBank offers to its customers but also its significant contribution to the country’s economic landscape.
The VTHM Corporation: Leading the Way in the Green Transition for Global Competitiveness
Tile manufacturing is an established industry with a traditional manufacturing process. However, in the face of integration and a rapidly changing market, innovation has become a shared challenge for businesses. This calls for industry leaders, such as the Vitto Hoan My (VTHM) Group, to step up and pioneer new paths.
The Master Wordsmith: Crafting Authentic Economic Demand
Accelerating the disbursement of public investment capital will stimulate consumption of domestically-produced goods and services. Accompanying this should be robust fiscal policies that support the production of goods and services and encourage consumption, creating a virtuous cycle of production and circulation, and generating genuine demand within the economy. This is the recommendation of experts to boost growth in the last two months of this year and into 2024.
