Two foreign businesses have been licensed to increase investment capital by nearly US$3.3 million in Can Tho, bringing the total registered capital from 57 FDI projects in the Mekong Delta province to a record high of US$879 million.
The figures were released by Le Duong Cam Thuy, Deputy Director of the Can Tho provincial Planning and Investment Department.
Can Tho has boosted administrative reform and offered many incentives for foreign investors, such as lower tax rates, shorter licensing period, extended land use duration.
The province has established a trade promotion centre to provide businesses with updated information and create a closer link among local firms and relevant agencies.
Geater attention has been given to developing support industry, upgrading infrastructure facilities, providing enough human resources, and improving investment attraction.
The province has also increased cooperation with other Mekong Delta provinces to strengthen connectivity with large economic hubs in the southern region such as Dong Nai and Ho Chi Minh City to lure more FDI projects.
In addition, site clearance projects are underway to facilitate industrial parks (IPs)’ operations.
As planned, the province will expand four IPs– Hau River, Thot Not, Hung Phu II, and Tra Noc II along with building drainage and sewerage system, waste treatment plants and dealing with environmental pollution in a number of IPs.