Illustrative image (Source: VNA)The meeting took place ahead of the inauguration of the association’s representative office in the Vietnam-Korea Incubator Park in the Tra Noc 2Industrial Park on December 13.
According to Vice Chairman of the municipalPeople’s Committee Truong Quang Hoai Nam, Can Tho has become a potentialdestination for enterprises from the Republic of Korea (RoK) and many firmsdecided to pour investment into the locality.
Notably, Tae Kwang Industrial Co., Ltdconstructed a 171.48 million USD plant to produce semi-finished sport shoes inthe Hung Phu 2B Industrial Park in Cai Rang district.
The RoK Government also invested in many bigprojects in Can Tho like the Vietnam-Korea Incubator Park in the Tra Noc 2Industrial Park, and a water supply plant in Vinh Thanh district, Nam said.
For his part, Chairman of the Korean Foodand Rice Association Kim Nam Doo said the establishment of the association’srepresentative office in Can Tho is a strategic decision as the city is afood and rice centre in the Mekong Delta region.
The office will serve as a bridge promotingpartnership between Vietnamese food firms and member enterprises of the associationin the time ahead, he affirmed.
Can Tho boasts 115,000 ha of agricultural landand 90,000 ha of which is for rice cultivation. Can Tho produces 1.4million tonnes of rice, with over 1 million tonnes being shipped abroad everyyear through 26 rice export enterprises.
The city’s export turnover to the RoK is estimatedto hit 30.3 million USD in 2016, while import value will be 4.2 million USD.-VNA
VNA
