Korean 'giant' will invest in golf courses, housing, schools in Can Tho

On September 12, Mr. Duong Tan Hien, Vice Chairman of Can Tho City People's Committee, said that the city and Daewon Cantavil Pte., Ltd. (part of Daewon Group, Korea) have just signed a memorandum of understanding (MOU) to cooperate and support in research and implementation of projects in Can Tho City.

Daewon Cantavil Pte., Ltd expressed interest in investment projects in Can Tho such as golf courses; housing (high-rise, low-rise); housing - commercial - service complexes; international school projects...

Vietnam - Singapore Industrial Park (VSIP) in Vinh Thanh District, Can Tho City

Vice Chairman of Can Tho City People's Committee Duong Tan Hien also informed that the Korean investor is waiting for the Can Tho City planning for the period 2021 - 2030, with a vision to 2050 to be approved to consider the next steps more specifically. "Currently, with the above memorandum, Can Tho City will create all conditions for the partner to learn, research, and develop project proposals... The next steps will be implemented after the city's planning is approved. It is expected that at the end of September, the City People's Council will meet to approve it, then submit it to the Government for approval," said Mr. Hien.

Mr. Cheun EungSik, Chairman of Daewon Cantavil Pte., Ltd., assessed that Can Tho market has great potential, especially when the city recently launched the Vietnam - Singapore Industrial Park (VSIP) project in Vinh Thanh District, with a total area of 900 hectares. The development of the industrial sector will lead to the need for urban and housing development, which is also the area that Daewon Group is particularly interested in.

In Can Tho, recently, there have been a number of large projects with direct investment from Korea such as: Lotte Can Tho General Commercial Center (Lotte Vietnam Commercial Center Joint Stock Company); Sports shoe factory (TKG TaeKwang Can Tho Co., Ltd.)...

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