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.
Tra Noc Industrial Park in Can Tho city (Photo: baodautu.vn)
Can Tho (VNA) - Industrial zones in the Mekong Delta city of CanTho attracted a total registered investment capital of 112 million USD lastyear, 12 percent higher than the annual target, according to the municipalIndustrial Zones and Processing Zones Management Board.
Nearly 110 million USD came from 12 newly-licensed projects with the remainderfrom nine existing ones which raised their capital levels.
Last year, businesses operating in these zones reported more than 1.52 billion USDin revenue, a hike of 8 percent, including 686 million USD from exports, up 23percent year-on-year. They also contributed 1.94 trillion VND to the localbudget, marking a modest increase of 4 percent compared to 2017.
As of last year, the IZs had 243 valid projects with a combined investmentcapital of 1.72 billion USD and more than 1 billion USD of the total wasdisbursed, the board said.
In recent years, the board has made efforts to improve the investment andbusiness environment focusing on solving problems for enterprises operating inlocal industrial zones.
In the future, it will accelerate promotions to encourage more domestic andforeign businesses to invest in the zones. Top priority will be given toprojects that support industries and hi-tech farming.
Notably, the board will call for Japanese small and medium-sized companies tosupport industry projects in the Vietnam-Japan Friendship Industrial Zone whichopened 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 electroniccomponents, information technology, engineering and pharmacy.-VNA
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Tra Noc Industrial Park in Can Tho city
