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CAN THO (Biz Hub) — The Cuu Long (Mekong) Delta city of Can Tho is offering optimal conditions to attract a US$26 million investment into the building of a high-tech agricultural zone, according to the city's Investment, Trade and Tourism Promotion Centre.

The Thoi Hung High-Tech Agricultural Zone will cover up to 500 ha of land in Co Do District.

This zone will be used to produce plant varieties and breed livestock under international standards and apply cutting-edge technology in processing agricultural and aquatic products.

Its operation is set to help expand the application of advanced agricultural technology in Viet Nam, as a network of satellite farms and businesses will be linked with the zone.

The promotion centre stated that once investors operate in the zone, they will have to pay only half of the land-use fee. They will also be permitted to acquire land without charge for the purpose of constructing residential buildings for workers and public facilities.

They will also receive financial support covering between 70 and 100 per cent of the training expenses for Vietnamese staff. — VNS