Authorities in the Mekong Delta city of Can Tho discussed investment and trade cooperation with William Bailey III, visiting mayor of Can Tho’s twin US city Riverside, on November 15.
Can Tho (VNA) – Authorities in the♈ Mekong Delta city of Can Tho discussed investment and trade cooperation with William Bailey III, visiting mayor of Can Tho’s♐ twin US city Riverside, on November 15.
At the working session, Nguyen Minh Toai, Director of the municipal Industry and Trade Department, proposed that companies from the two localities should ramp up joint projects in a numbers of sectors, including logistics, rice production and trade, fisheries, garment and pharmacy.
Toai expected Riverside to be a gateway to the US market for goods from Can Tho.
For his part, Bailey said he will discuss and delve into the proposal with US firms back home.
He introduced the Riverside development programme on sustainable farming and welcomed businessmen from Can Tho to establish their agribusiness in his city.
He said many tertiary and higher education facilities in Riverside are willing to share their findings on advanced agricultural technologies and models of high-tech incubator with Can Tho.
Riverside is boosting the import of new types of Asian rice to serve increasing local demand, mostly from Asian overseas students and immigrants, noted Bailey.
He added that Can Tho’s quality and tasty rice varieties will always be a top option of his city.
Riverside is an emerging logistics hub of California State, opening great opportunities for cooperation with the Mekong Delta city in the field, said the US mayor.
Dao Anh Dung, Vice Chairman of the Can Tho People’s Committee stressed that bilateral investment and trade ties will give a boost to the two cities’ amity and the Vietnam-US relations as well.
In 2015, Can Tho and Riverside signed a cooperation pact and officially set up the twining relations.-VNA
Export and foreign currency services are expected to bring 1.65 billion USD for Mekong delta Can Tho city this year, according to the city’s Department of Industry and Trade.
Can Tho city plan to ensure export value by promoting processing and manufacturing projects, including garment and footwear plants and the Vietnam-Republic of Korea Industrial Technology Incubator.
The Mekong Delta city of Can Tho has implemented measures like improving infrastructure and offering investment incentives to attract more investors, especially to its industrial parks.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA)
