Can Tho to become industrial hub by 2015

Municipal authorities have already mobilised about VND220 trillion (US$10 billion) to invest in industrial and other economic sectors, with 5,000 hectares of land for a hi-tech complex and 10 new industrial parks.

The city is focused on supporting small and medium-sized enterprises, and competitive sectors like agro-forestry-fishery, garments, leather and footwear, electronics, information technology, mechanical products, pharmaceuticals and consumer goods.

Apart from hi-tech and open economic zones, facilities for heavy industries like oil and gas, metallurgy, chemicals, fertilisers and construction materials and a cluster of small and medium-sized enterprises (SMEs) will be set up in rural areas.

Can Tho will provide new technology courses for workers involved in farming production for export by 2020.

The city will help the processing industry strengthen trade ties with other localities in the region.

This year, Can Tho aims for over VND27 trillion billion (US$1.2 billion) in industrial production value, a year-on-year rise of 15 percent.