HCMC – The Korea Overseas Infrastructure and Urban Development Corporation (KIND), under South Korea’s Ministry of Land, Infrastructure and Transport, worked with the Mekong Delta city of Can Tho on October 12 to seek investment opportunities to develop a smart city in the region.
Speaking at the working session, Seo Taekwon, executive vice president of KIND, said that the government of South Korea had allocated funds to the organization to implement some projects in the Mekong Delta region.
KIND is weighing on choosing one of the five cities of Can Tho, Dong Thap, Ben Tre, Kien Giang and Tra Vinh to be developed into a smart city, VietnamPlus news site reported.
Among the five cities of these localities, Can Tho City is the largest one, with good infrastructure, so if the organization makes an investment there, there will be a number of advantages, he said.
However, some Vietnamese State agencies suggested investing in provinces that still face difficulties instead of large cities to boost the economic development of these localities. As such, KIND is still considering its investment carefully.
Addressing the working session, Can Tho Vice Chairwoman Vo Thi Hong Anh said that the city is calling on investors in some fields related to housing, traffic, smart cities, industrial parks and processing zones.
As such, the city welcomed South Korean investors to develop various projects, especially investments in commercial centers in Can Tho City.
To attract more South Korean investors and experts, the city has opened a direct air route connecting Can Tho City with South Korea, but it is under suspension due to Covid-19.
The city is gradually creating more favorable conditions and improving the business environment to smooth the path for foreign investors and experts.