Ca Mau looks to attract capital flows into key projects
The Mekong Delta province of Ca Mau is calling for investment in technical infrastructure development, especially in key projects, with the aim of creating impetus for its socio-economic development.
Downtown Ca Mau city (Source: VNA)Ca Mau (VNA) - The Mekong Delta province of Ca Mau is calling for investment in technical infrastructure development, especially in key projects, with the aim of creating impetus for its socio-economic development.
Local authorities are focusing on attracting investment in a seaport complex on Hon Khoai Island, a non-tariff area and a finance and trade centre at the Nam Can Economic Zone, and a tourism project on Mui Ca Mau (Ca Mau Cape).
They are also giving priority to luring capital to hi-tech agricultural projects, towards promoting exports to the European market under the EU-Vietnam Free Trade Agreement.
Ca Mau has been developing the Khanh An and Hoa Trung Industrial Parks (IPs) and the Nam Can Economic Zone, while seeking government approval for the establishment of the Song Doc IP.
As of early December, the Khanh An IP had attracted 20 investment projects relating to gas treatment, construction materials, wood production, and packaging. These have all been implemented on schedule as committed.
Vice Chairman of the provincial People’s Committee Lam Van Bi said that in the next five years, the province will pay due regard to making its investment and business environment more transparent, open, and competitive.
It will continue to call for investment in hi-tech agriculture production, sustainable development, environmental protection, maritime economic development, renewable energy, and tourism, he went on.
Ca Mau is home to 10 foreign-invested projects with total registered capital of over 393 million USD and 343 domestic projects with over 121.9 trillion VND (5.2 billion USD).
Of note, it has attracted 188 domestic projects in the last five years with registered capital of over 50.3 trillion VND, up 75 percent in project number and 21 percent in capital compared to the figure reported for the 2011-2015 period./.
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