Can Tho industrial parks attract $20m

Can Tho industrial parks attract $20m

Can Tho's industrial parks and export processing zones are expected to attract two new projects.

In the past 10 months, they attracted six others with an investment of US$20.5 million, according to the Can Tho City Export Processing and Industrial Zones Authority (CEPIZA).

Another 19 investors increased their investment by $20.7 million in the period, it said.

The city's IPs and EPZs are home to 208 projects worth a total of $1.85 billion, with $1.67 billion invested by domestic firms.

Among the IPs, Tra Noc 1 and 2 have high lease rates. The 135-ha Tra Noc 1 is in fact fully leased out to 122 investors who brought a combined $383.5 million, CEPIZA said.

The 157-ha Tra Noc 2 has leased out more than 86 per cent of its space to 58 investors who have invested $575.08 million.

The Cuu Long (Mekong) Delta city is building or plans to build six more IPs – Hung Phu 1, 2A, and 2B, Thot Not, O Mon, and Bac O Mon.

Hung Phu 1, 2A, and 2B are all located in Cai Rang District, four kilometres from downtown, 12km from the airport, and 11km from the main port.

They are also situated near Cai Cui seaport and warehouse, will be equipped with modern equipment and services, and can fully meet investors' electricity, water, and telecom needs.

They will prioritise certain sectors like mechanical engineering, electronics, agricultural and seafood processing, pharmaceuticals, cosmetics, transportation, and import-export services.

The 600-ha Thot Not IP is situated in Thot Not District, 60km from the city and located near National Highway 91 and the Hau River.

It will focus on agricultural and seafood processing and manufacture of agricultural machinery.

The 600-ha O Mon and 400-ha Bac O Mon will be built in O Mon District, and the city is looking for developers.

But difficulties related to acquiring and clearing land and raising funds are acting as a drag on their development.

CEPIZA has asked IP developers to spell out the difficulties they face so that it can resolve them.

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