The meeting took place ahead of the inauguration of the association’s representative office in the Vietnam-Korea Incubator Park in the Tra Noc 2 Industrial Park on December 13.

According to Vice Chairman of the municipal People’s Committee Truong Quang Hoai Nam, Can Tho has become a potential destination for enterprises from the Republic of Korea (RoK) and many firms decided to pour investment into the locality.

Notably, Tae Kwang Industrial Co., Ltd constructed a 171.48 million USD plant to produce semi-finished sport shoes in the Hung Phu 2B Industrial Park in Cai Rang district.

The RoK Government also invested in many big projects in Can Tho like the Vietnam-Korea Incubator Park in the Tra Noc 2 Industrial Park, and a water supply plant in Vinh Thanh district, Nam said.

For his part, Chairman of the Korean Food and Rice Association Kim Nam Doo said the establishment of the association’s representative office in Can Tho is a strategic decision as the city is a food and rice centre in the Mekong Delta region.

The office will serve as a bridge promoting partnership between Vietnamese food firms and member enterprises of the association in the time ahead, he affirmed.

Can Tho boasts 115,000 ha of agricultural land and 90,000 ha of which is for rice cultivation.  Can Tho produces 1.4 million tonnes of rice, with over 1 million tonnes being shipped abroad every year through 26 rice export enterprises.

The city’s export turnover to the RoK is estimated to hit 30.3 million USD in 2016, while import value will be 4.2 million USD.