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Can Tho to upgrade industrial parks

Update: November, 01/2014 - 09:17
The master plan aims to increase Can Tho's total industrial area to 2.267ha and pave the way for Can Tho to become an industrial hub in the Cuu Long (Mekong) Delta region by 2025.

CAN THO (VNS)— The Cuu Long (Mekong) Delta city of Can Tho plans to expand and upgrade a number of industrial parks, Head of the Management Board of Can Tho Industrial Park Vo Thanh Hung said on Thursday.

The master plan aims to increase Can Tho's total industrial area to 2.267ha and pave the way for Can Tho to become an industrial hub in the Cuu Long (Mekong) Delta region by 2025.

Thanks to the city's efforts to implement a number of special policies on administrative procedures, preferential credit, and training workers, capital investment in industrial clusters has reached US$1.91 billion so far in 2014, a $50 million increase compared to the same period last year.

To date, Can Tho is home to 214 investment projects, including 191 domestic and 23 foreign-invested projects.

During the first ten months of this year, revenue from enterprises operating in the city's industrial parks totalled $1.1 billion. Notably, foreign invested-companies posted increases of 10 per cent and 13 per cent in turnover and exports, respectively, compared to the same period last year. — VNS

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