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Local Economy

Last updated: Wednesday, November 22, 2017

 

Can Tho Industrial Parks: Optimistic Investment Attraction in Nine Months

Posted: Wednesday, November 08, 2017

Industrial parks in Can Tho City continued to achieve success in investment attraction and business performance in the first nine months of 2017.

According to a report by the Can Tho Export Processing and Industrial Zones Authority, Can Tho City-based industrial zones attracted US$37.272 million from 10 new projects and 14 existing projects that supplement their capital base in the first nine months of 2017. So far, industrial parks are leasing 360.99 ha of land to 230 projects with a combined registered investment capital of US$1.599 billion, including 205 domestic investment projects with US$1.199 billion (US$729.423 million disbursed), 24 FDI projects with US$379.017 million (US$237.353 million disbursed) and one ODA project with US$21.12 million (US$11.46 million disbursed).

Tenants in industrial parks recorded a total revenue of US$1,134.567 million in nine months, of which US$435.826 million came from exports. Currently, they hire 29,574 workers.

Local industrial parks are catching greater attention of domestic and foreign investors. In addition to fully occupied Tra Noc 1 Industrial Park and 96.5 per cent hired Tra Noc 2 Industrial Park, Thot Not 1 Industrial Park is a desirable destination for investors. Up to now, Thot Not 1 has 21 tenants with a total registered capital of US$ 196.66 million, of which US$82.69 million has been spent on projects, accounting for 48.74 per cent of the total registered capital.

The available land fund for new investors is almost full at Thot Not 1 Industrial Park. To meet rising demands from the investors, the Can Tho Export Processing and Industrial Zones Authority directed the investor of Thot Not 1 Industrial Park - Thot Not Industrial Park Infrastructure Construction Centre - to speed up site clearance at Thot Not 3 Industrial Complex in order to add 20 ha for lease from now to the end of this year. Besides, Thot Not Industrial Park Infrastructure Construction Centre is conducting procedures to apply for infrastructure investment in Thot Not 2 Industrial Zone (200 ha). Currently, Can Tho City is sending the application to central relevant authorities to consideration before submitting to the Government for approval.

Not only making the space ready for tenants in industrial zones, Can Tho authorities in general and Can Tho Export Processing and Industrial Zones Authority in particular always uphold the guiding spirit of the city that “The success of the business is also the success of the government and people of the city.” Therefore, tenants always receive best supports from authorities.

In the remaining months of 2017, Can Tho Export Processing and Industrial Zones Authority will work with industrial zone infrastructure investors to pace up ground clearance to provide rentable space for investors. In addition, it will join the investment cooperation promotion delegation led by Can Tho City to Japan. An official from the Can Tho Export Processing and Industrial Zones Authority said that the city government in general and industrial parks in particular always want to draw Japanese investors.

Starting from requests from Japanese investors and companies at the meeting with Can Tho City’s leaders and carrying out the direction of the Chairman of the Can Tho People’s Committee on land preparation for Japanese investors, the Can Tho Export Processing and Industrial Zones Authority suggested choosing O Mon Industrial Park based in Phuoc Thoi Ward, O Mon District to be a Japanese investor-dedicated destination and assigning Can Tho Development Investment Fund to invest in this industrial park. As soon as approved by the Can Tho Provincial People’s Committee, the Can Tho Export Processing and Industrial Zones Authority will coordinate with concerned agencies to guide the investor of this industrial park to complete regulatory procedures to submit to the Prime Minister for investment approval.

Hoang Lam








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