Can Tho City Industrial Parks Ready to Meet Investors' Requirements

4:50:33 PM | 29/1/2015

After 19 years of establishment and development, Can Tho City currently has five active industrial parks (IPs), along with one under construction and four under planning, with a total area of 2,267.65 hectares. The operation of these industrial parks has contributed greatly to the city's socio-economic development.
Up to the present, Can Tho's Industrial Parks have attracted 214 projects with the total investment capital of USD 1.9 billion. The investment projects in these industrial parks have contributed to creating jobs for more than 32,000 employees and accounted for about 40 percent of the total revenue of the city. Particularly in 2014, Can Tho's industrial parks attracted 5 new projects with a total registered capital of USD 48 million.
Besides the general policy of the Government, in 2014, Can Tho City issued Decision No. 07/QD-UBND/2014 on investment support in the area of Can Tho City which stipulates support for investment in industrial zones such as interest rate subsidy to investment loans, for credit relations, for clearance compensation, etc., thereby creating gravitational attraction for domestic and foreign investors to invest in the industrial parks in the city. In addition, a number of national key projects have been developed and put into operation including Can Tho Bridge, Can Tho International Airport, O Mon Thermal Power Centre, and Cai Cui port, which has created the important infrastructure system making Can Tho the driving force of the economy and the centre of domestic and foreign capital attraction.
To increase investment attraction, the management board of industrial parks of Can Tho City has been promoting the providing of information to businesses, calling for domestic and foreign investment in appropriate forms such as collaborating with investment promotion programs of the Ministry of Planning and Investment, Ministry of Trade and Industry or Embassies, Consulate General in Hanoi and Ho Chi Minh City, Embassy of Vietnam in foreign countries, etc., thereby building the good image of Can Tho City in general and its industrial parks in particular.
Besides establishing the Industrial Park Service Centre to help investors with investment procedures, construction, labour, environment, etc., the Management board of industrial parks of Can Tho has also promoted the administrative reform under the Government's project 30, applied the quality management system according to Vietnam standards ISO 9001: 2008. The Management board has always uphold the motto "Publicity, transparency, law enforcement, punctuality". Specifically, the implementation of administrative procedures under the ISO 9001 - 2008 system and Project 30 is listed publicly, apparently in the office receiving applications and returning results, on the agency's web site and on the online portal of Can Tho City and the government. The investment procedure in Can Tho's Industrial Parks is currently operated through the online portal of the city at Mr Vo Thanh Hung, Head of the Management board of IPs of Can Tho City, said that the application of science and technology in the management of IPs simplified the management and made it more effective. Access to records and business information in the industrial parks is quick, reducing workload and compacting management system. One-stop-shop administrative reform and resolving administrative procedures under the authority have helped resolve work in a professional, efficient manner, saving time and costs for individuals and businesses in IPs.
Currently, Can Tho City is calling for investment in infrastructure construction of three industrial parks including O Mon (317 hectares), Bac O Mon (400 hectares), Thot Not Phase 2 - Divergence 1 (400 hectares).
Investment in residential area and resettlement for households in the area adjacent to the above IPs are being implemented expeditiously. Can Tho City would always create favourable conditions for investors in all sectors that the Government of Vietnam did not prohibit, in accordance with bilateral and multilateral agreements and WTO rules. He also said that the city would pay special attention to encouraging projects in the field of infrastructure, supporting industries, projects using high technology, etc. The Management board will regularly direct the infrastructure companies and collaborate with relevant departments, agencies and the People's Committee to resolve difficulties and obstacles in land clearance to have "clear land" ready to meet the requirements of leasing for investors.