Ca Mau offers favourable conditions to private businesses

Friday, Mar 30, 2018 19:08

Several local businesses in Ca Mau Province were recognised as Businesses of the Year in 2017. – Photo

Ca Mau Province plans to help set up and attract around 6,000 new businesses by 2020, and 15,000 companies by 2030, by offering funding and changing legal procedures to accommodate the private sector.

The province plans to focus on investment, distribution networks, infrastructure and business registration procedures, while providing more aid to improve technologies and training for the workforce.

Local authorities are also considering new tax policies and other ways to aid small- to medium-sized businesses, especially those that focus on Ca Mau’s key production areas like aquaculture and agriculture.

Lam Van Bi, deputy chairman of Ca Mau People’s Committee, said that private businesses account for around 70 per cent of the total number in the province, contributing greatly to economic development of the region. — VNS

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