Industrial parks (IPs) and export processing zones (EPZs) in the MekongDelta city of Can Tho is now home to 214 valid investment projects worthnearly 2 billion USD, of which over 852 million USD have beendisbursed.

They include 23 foreign directinvestment (FDI) projects with a combined registered capital of over 203billion USD, according to the Can Tho Export Processing and IndustrialZones Management Authority.

The projects are generating jobs for more than 31,700 residents.

To create more favourable conditions for investors, the authority haspromoted reforms of administrative procedures and applied the“one-stop-shop” mechanism to shorten waiting times.

From January-October, the local IPs and EPZs attracted five newinvestment projects worth 48 million USD, and saw 14 ongoing projectsadded capital of 6.8 million USD.

Total investment this year is expected to hit 54.8 million USD, meeting 78.3 percent of the annual target.

Located in the heart of the delta and benefitting from advantageoustransport connections, Can Tho boasts great potential for investmentattraction.

A number of key national projects are being carriedout in the city, including Can Tho international airport and O Monthermal power centre, giving the city a momentum in its bid to become aneconomic hub in the region.

Municipal authoritiesare focusing on developing infrastructure and human resourcesdevelopment as well as accelerating industrial structure transfer andthe implementation of construction projects at industrial parks.-VNA