Can Tho’s IZs lure 112 million USD investment in 2018

Industrial zones in the Mekong Delta city of Can Tho attracted a total registered investment capital of 112 million USD last year, 12 percent higher than the annual target, according to the municipal Industrial Zones and Processing Zones Management Board.

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Tra Noc Industrial Park in Can Tho city (Photo: baodautu.vn)

Nearly 110 million USD came from 12 newly-licensed projects with the remainder from nine existing ones which raised their capital levels.

Last year, businesses operating in these zones reported more than 1.52 billion USD in revenue, a hike of 8 percent, including 686 million USD from exports, up 23 percent year-on-year. They also contributed 1.94 trillion VND to the local budget, marking a modest increase of 4 percent compared to 2017.

As of last year, the IZs had 243 valid projects with a combined investment capital of 1.72 billion USD and more than 1 billion USD of the total was disbursed, the board said.

In recent years, the board has made efforts to improve the investment and business environment focusing on solving problems for enterprises operating in local industrial zones.

In the future, it will accelerate promotions to encourage more domestic and foreign businesses to invest in the zones. Top priority will be given to projects that support industries and hi-tech farming.

Notably, the board will call for Japanese small and medium-sized companies to support industry projects in the Vietnam-Japan Friendship Industrial Zone which opened its doors in the city’s Tan Phu ward, Cai Rang district late last year. Covering 30ha, the zone offers a wide range of services, including electronic components, information technology, engineering and pharmacy.

VNA

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