Can Tho seeks ways to pitch for investment capital

Thursday, 2016-02-18 22:21:46
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NDO/VNA – Chairman of the People’s Committee of southern Can Tho City Vo Thanh Thong has called for attracting multinational corporations and small and medium-sized enterprises operating in industry and the support industry.

He made the call during a local conference on February 18 reviewing the 2011-2015 investment climate and outlining measures to pitch for further capital inflows.

According to him, the city should tap its advantages, such as its infrastructure and its central position in health care and education in the Mekong Delta region, while streamlining administrative procedures.

Nguyen Thanh Hong, Director of the municipal Department of Planning and Investment, suggested refining investment attraction policies and providing more business incentives.

In the foreseeable future, the city should invite large-scale and competitive projects that are able to join the global supply chain, he said.

Meanwhile, Director of the municipal Department of Industry and Trade Nguyen Minh Toai urged for dealing with existing obstacles, including high rental costs and the limited supply of land for rent.

According to the municipal Department of Planning and Investment, the city housed 388 projects worth more than VND85.3 trillion (US$3.87 billion) as of the late 2015, including 68 foreign-invested projects valued at over VND20 trillion (US$900 million) and domestic projects worth VND65.2 trillion (US$2.96 billion).

Over 15,300 businesses are operating in Can Tho in industry, trade-services and export-import, giving a total registered capital of more than VND95.1 trillion (US$4.32 billion).