The southern province of Can Tho is inviting local and foreign investors to invest US$10.2 million to construct Thanh Phu agricultural high-technology zone. — Photo tuoitre

CAN THO (Biz Hub) — The southern province of Can Tho is inviting local and foreign investors to invest US$10.2 million to construct Thanh Phu agricultural high-technology zone.

According to the province's Department of Planning and Investment, the zone in Co Do District's Thanh Phu Commune will cover an area of 100 hectares, with three subzones focusing on manufacturing, exhibition, service and commerce. The zone's main occupation will be multiplying rice and seafood based on high technology.

The department reported that local investors will receive support through reduced interest rates when borrowing capital from credit institutions for land leases and through reduced costs for investment promotion activities.

Foreign investors will not be required to pay enterprise income tax within one or two years since firms gained profits in business, and the tax will decrease by half in the following two or three years.

During the land lease period, they could mortgage land use rights and assets attached to land at Vietnamese credit institutions, branches of foreign banks in Viet Nam and joint banks between Viet Nam and one foreign bank.

Pham Van Quynh, director of the province's Department of Agriculture and Rural Development, stated that the zone aimed at applying high technology for multiplying rice to provide for local consumption and exports.

In addition, the zone will manufacture and provide fresh water seafood, such as catfishes and scampi shrimps, meeting safety criteria for the Mekong Delta, he added.

The province expects to build an adjacent tourism zone at a total area of 6,000 hectares with high-technology application on cultivation. — VNS