Cà Mau to woo investment in major projects

December 18, 2020 - 15:31

The Cửu Long (Mekong) Delta province of Cà Mau will focus on improving its investment environment and offering favourable conditions to attract domestic and foreign investment in some major projects in 2021-25, according to its People’s Committee.


The Cà Mau Cape in the southernmost province of Cà Mau. VNA/VNS Photo

HCM CITY —  The Mekong Delta province of Cà Mau is calling for investment in technical infrastructure development, especially in key projects, with the aim of creating impetus for its socio-economic development.

Local authorities are focusing on attracting investment in a seaport complex on Hòn Khoai Island, a non-tariff area and a finance and trade centre at the Năm Căn Economic Zone, and a tourism project on Mũi Cà Mau (Cà Mau Cape).

They are also giving priority to luring capital to hi-tech agricultural projects, towards promoting exports to the European market under the EU-Việt Nam Free Trade Agreement (EVFTA).

Cà Mau has been developing the Khánh An and Hòa Trung Industrial Parks (IPs) and the Năm Căn Economic Zone, while seeking Government approval for the establishment of the Sông Đốc IP.

As of early December, the Khánh An IP had attracted 20 investment projects relating to gas treatment, construction materials, wood production, and packaging. These have all been implemented on schedule as committed.

Vice Chairman of the provincial People’s Committee Lâm Văn Bi said that in the next five years, the province will pay due regard to making its investment and business environment more transparent, open, and competitive.

It will continue to call for investment in hi-tech agriculture production, sustainable development, environmental protection, maritime economic development, renewable energy, and tourism, he went on.

Cà Mau is home to 10 foreign-invested projects with total registered capital of over US$393 million and 343 domestic projects with over VNĐ121.9 trillion ($5.2 billion).

Of note, it has attracted 188 domestic projects in the last five years with registered capital of over VNĐ50.3 trillion, up 75 per cent in project number and 21 per cent in capital compared to the figure reported for the 2011-15 period. — VNS