The event was attended by Mr. Do Thanh Binh, Member of the Party Central Committee and Secretary of the Can Tho City Party Committee; Mr. Nguyen Thuc Hien, Vice Chairman of the Can Tho City People’s Committee; Mr. Sean Lim, Deputy General Director of Vietnam-Singapore Industrial Park Joint Venture Co., Ltd.; Mr. Leaw Wee Ming, General Director of VSIP Can Tho; and other dignitaries.

The Bestway Group, established in 1994 in Shanghai, China, specializes in manufacturing inflatable sports and entertainment products, holding a one-third share of the global market. With annual global revenue of approximately $1.6 billion, the group sources raw materials from Japan and the United States, and its products are exported to Europe and the United States.

According to Mr. Nguyen Thuc Hien, Vice Chairman of the Can Tho City People’s Committee, Bestway’s decision to select VSIP Can Tho Industrial Park for its production expansion promises to bring significant value to the city, create jobs for local workers, and contribute to the city’s budget revenue. (Photo: TX)

Mr. Song Qing Shui, General Director of Production at Bestway Group, stated: The new Bestway factory in Can Tho, covering a total area of 280,000 m² with a total investment of $300 million, will be a modern facility integrating research and development, smart manufacturing, and green logistics. It is expected to create 5,000 jobs for the local community and generate annual revenue of $500 million, serving both export and domestic markets while contributing to the region’s economic development.

According to Mr. Song Qing Shui, Bestway chose the VSIP Can Tho Industrial Park for its production expansion due to Can Tho’s position as the hub of the Mekong Delta, with convenient waterway, road, and air transportation networks. The city’s leadership has consistently fostered a stable and open investment environment, offering efficient “one-stop” services, a plentiful labor force, and a wealth of high-quality talent.

Delegates attend the groundbreaking ceremony for the $300 million Bestway factory at VSIP Can Tho Industrial Park. (Photo: TX)

Mr. Song Qing Shui further noted that the launch of the Bestway factory at VSIP Can Tho Industrial Park also strengthens friendship and trust. Bestway will use Can Tho as a new starting point, continuing its mission of “Global Quality, Local Responsibility,” sharing opportunities with Vietnam, taking on responsibilities together, and building prosperity collaboratively.

In his speech at the ceremony, Mr. Nguyen Thuc Hien, Vice Chairman of the Can Tho City People’s Committee, emphasized: The investor’s choice reaffirms Can Tho City as an attractive destination for investment and business operations. The leadership of the Can Tho City People’s Committee is committed to accompanying investors, improving infrastructure and investment conditions, and creating every favorable condition to support investors in implementing projects in the city.

Mr. Song Qing Shui, General Director of Production at Bestway Group, expressed hope that the new Bestway factory in Can Tho will contribute to creating 5,000 local jobs. (Photo: TX)

Mr. Nguyen Thuc Hien tasked the Can Tho Export Processing and Industrial Zones Authority and relevant city departments with closely monitoring and actively supporting VSIP Can Tho Joint Stock Company and Bestway Company in completing investment procedures in accordance with regulations to ensure the factory’s construction is completed as planned. He also requested that VSIP Can Tho Joint Stock Company and Bestway Vietnam Sports and Entertainment Products Co., Ltd. develop specific plans for upcoming tasks, focus on their implementation, and proactively coordinate with city departments and agencies to comply with current legal procedures.

The project is expected to commence in the third quarter of 2025 and be completed and operational by the end of 2026.