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Can Tho industries lack investors
Date: 1/22/2013 9:33:01 AM
High land prices and frequent changes in compensation and resettlement policies have kept investors away from industrial parks in the southern city of Can Tho, the Dau Tu (Viet Nam Investment Review) newspaper has reported

Nguyen Tien Dung, director of Can Tho Branch’s BMC Building Material and Commercial Company, said his company had invested VND170 million (US$8,173) in Hung Phu 2A Industrial Park but had only 30 ha of land, with four operating projects.

Tran Thanh Can, deputy chairman of Cai Rang District’s People’s Committee, said that the park had not cleared much land last year as investors lacked financial capacity.

The Can Tho People’s Committee has agreed to offer tax exemptions or cuts as well as preferential loans and lower land rentals.

Vo Thanh Hung, head of the management board of Can Tho Industrial Park and Export Processing Zone, made the suggestion to the People’s Committee.

Vo Thanh Tong, deputy chairman of Can Tho City People’s Committee, asked agencies to review the financial capacity of investors and revoke their licenses if they delayed projects.

Currently, Can Tho City has five operating industrial parks, attracting 206 secondary investment projects, with total capital of $1.848 billion. There are 22 foreign invested projects worth $180.8 million.

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