March 20, 2024 | 07:31 GMT+7

Japanese Banks Eye Investment in Vietnam's Can Tho City

Giang Hoang -

City officials pitch infrastructure projects and skilled workforce as strategic advantages during meeting with Japanese financial delegation.

Can Tho City in the Mekong Delta recently hosted a delegation of Japanese banks led by Gunma Bank CEO Uchibori Takeo.

The Japanese delegation expressed keen interest in Can Tho's investment policies, with Mr. Takeo expressing confidence in the strong bilateral cooperation between Vietnam and Japanese enterprises.

During the meeting, Can Tho City Chairman Tran Viet Truong emphasized the region's advantages for Japanese investment, including abundant human resources, raw materials, transportation infrastructure, and a favorable urban environment.

Truong highlighted a recent National Assembly resolution that removes investment obstacles for Can Tho, facilitating infrastructure development, human resource development, and digital transformation. The resolution earmarks support for major projects like a shipping channel at Dinh An – Can Tho, a Mekong Delta agricultural processing center, and an IT hub.

Officials noted that Can Tho is positioning itself as an attractive investment destination with two new industrial parks and a leading Mekong Delta workforce. Eight universities and 63 vocational institutions provide a steady stream of skilled graduates, including approximately 8,400 IT and digital economy students, and 1,700 graduates in digital transformation annually.

The city's educational institutions, including FPT University and Can Tho University, prioritize Japanese language instruction, while other vocational schools partner with businesses to train workers for employment in Japan.

Building upon the recently upgraded Comprehensive Strategic Partnership between the two nations, Hyogo province, Okayama city, and Nasushiobara city have already fostered ties with Can Tho. This lays a strong foundation for future collaboration, particularly in the financial sector.

Mr. Takeo thanked city leaders for their hospitality and committed to sharing information with those interested in exploring investment and cooperation opportunities in Can Tho.

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