The twelve-member council of the Korea-Vietnam Incubator Park (KVIP),
made its official debut on September 23 in the southern city of Can Tho
to prepare for the park’s official operations in June 2015.
During the inauguration ceremony, Truong Quang Hoai Nam, Vice Chairman
of Can Tho City’s People’s Committee, said the incubator park project,
which will increase the Mekong Delta region’s competitiveness, was
currently 40 percent completed.
Between now and the first
quarter of 2015, a number of actions will be taken, including training
courses for staff, and the installation of state-of-the-art machinery
and environmentally-friendly equipment, which will boost research and
manufacturing of high value added agricultural and aquatic products, he
added.
According to KVIP General Director Kim Hee Sup, the
project will develop three industrial clusters, specialising in rice,
aquacultural products and agricultural mechanics. The rice cluster will
improve regional rice competitiveness on the global market, attract more
investments in rice processing and develop highly competitive aquatic
export products for foreign markets.
Moreover, the KVIP project
will produce Made-in-Vietnam agricultural machinery, with the objective
of achieving a 95 percent localisation rate over the next ten years and
supporting producers of machinery to expand their domestic and
international operations. In addition, the project also provides
high-tech equipment to produce rice in line with international
standards.
In the aquaculture cluster, KVIP will help increase
the value of shrimp and fish farms and standardise breeding and rearing
methods by improving water quality and using green fodder.
According to Can Tho City’s Department of Industry and Trade, the KVIP
project started in November 2013 at the Tra Noc Industrial Zone at a
cost of 21 million USD, with 17.7 million USD provided by the Government
of the Republic of Korea and the remainder coming from the Vietnamese
Government.-VNA