Four projects in seafood processing and waste incineration worth nearly
10 million USD have been approved in southern Can Tho city, increasing
the total number of valid project in the city to 204.
These
valid projects, currently leasing 564.9 hectares of industrial land,
have registered capital of 1.8 billion USD, and already disbursed more
than 805 million USD.
Creating 33,000 jobs for local people,
the industrial zones in Can Tho are considered to be the most productive
in the Mekong Delta region.
During the first four months of
this year, the zones generated 528 million USD including 380 million USD
from industry, a year-on-year increase of 1.8 percent; and 167 million
USD from exports, an increase of 1 percent over the same period last
year.
In order to attract investment, the city has reformed
its administrative procedures, reducing the licence authorisation term
to five days.
Can Tho has also improved its infrastructure,
expanded industrial zones, invested in a sewage processing system, and
strengthened trade promotion activities.
In addition, the city
has created a more favourable investment environment for businesses by
cutting taxes and introducing interest support policies and professional
training.
Particularly, BOT (Build-Operate-Transfer), BTO
(Build-Transfer-Operate) and foreign invested projects will be exempt
from the land lease tax, land use tax and corporate income tax for 8-15
years.-VNA