Can Tho Industrial Zones lure $112m

Tuesday, Feb 12, 2019 17:57

Workers make sports gloves at the factory of Tri-Viet International Company Ltd, located in Tra Noc 2 Industrial Zone in Can Tho. The company draws its funding from Japan-based Trion Corporation. — Photo

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

Nearly $110 million came from 12 newly licensed projects, with the remainder from nine existing projects that raised their capital levels.

Last year, businesses operating in these Industrial Zones (IZs) reported more than $1.52 billion in revenue, a hike of 8 per cent, including $686 million from exports, up 23 per cent year on year. They also contributed VND1.94 trillion (US$82.9 million) to the local budget, marking a modest increase of 4 per cent compared to 2017.

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

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

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 enterprises to support projects in the Viet Nam - 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 pharmacies. — VNS

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