On February 6, the People’s Committee of Can Tho City officially issued investment approval decisions, investor recognition, and investment registration certificates for the Vinh Thanh Industrial Park Phase 2 (Phu My 3 Can Tho IP) project. This marks a significant milestone in the city’s industrial development strategy.
Investment Decision Ceremony for Vinh Thanh Industrial Park
Leaders of Can Tho City hand over the investment decision for the Phu My 3 Can Tho IP project to representatives of Thanh Binh Phu My Company.
Overview of the Phu My 3 Can Tho IP Project
The Phu My 3 Can Tho IP project was approved by the Prime Minister in December 2024. The project is led by Thanh Binh Phu My Joint Stock Company, based in Ba Ria – Vung Tau. Located in Vinh Trinh and Vinh Binh communes, Vinh Thanh District, the industrial park spans over 540 hectares with an investment capital of nearly 7.85 trillion VND. The project’s operational period is set for 50 years from the date of land lease commencement.
Mr. Duong Tan Hien, Standing Vice Chairman of the People’s Committee of Can Tho City, shared that the city currently manages six industrial parks, five of which are already in stable operation. These parks have leased out nearly 330 hectares of land, achieving an occupancy rate of over 87%. Meanwhile, the first phase of the Vinh Thanh Industrial Park (VSIP Can Tho) is still under infrastructure development.
Statistics show that the current industrial and export processing zones in Can Tho have attracted 257 projects, including 227 domestic investment projects, 29 FDI projects, and one ODA project. The total registered capital amounts to approximately $2.3 billion, while the actual implemented capital reaches about $1.3 billion. This reflects the significant potential for industrial development in the city.
Strategic Significance of the Seventh Industrial Park
The Phu My 3 Can Tho IP is not only the seventh industrial park in the city but also a new step forward in boosting local economic growth. With an investment amounting to nearly 8 trillion VND, the project promises to create thousands of new jobs and attract more domestic and foreign enterprises to invest.
Mr. Duong Tan Hien emphasized that Can Tho City commits to accompanying investors throughout the project implementation process. Specifically, the city will direct relevant departments to provide maximum support in land clearance, resettlement, transportation connections, and swift resolution of any emerging issues.
Industrial Development Potential in Can Tho
Can Tho has long been considered the economic hub of the Mekong Delta region. The launch of the seventh industrial park will contribute to enhancing production capacity and promoting economic restructuring towards industrialization and modernization. Additionally, this presents an opportunity to attract foreign direct investment (FDI), strengthen international cooperation, and elevate the city’s status on the national industrial map.
Moreover, the development of industrial parks will also lead to improvements in infrastructure, logistics services, and the living standards of local residents. This not only brings economic benefits but also contributes to building a sustainable and civilized living environment.
Conclusion
The groundbreaking of the Phu My 3 Can Tho IP marks a significant milestone in Can Tho City’s industrial development strategy. With support from local authorities and existing potential, the project promises to become a driving force for economic growth, job creation, and improved quality of life for residents. For more detailed information, readers can refer to the following sources:
References
- Original article source – Dan Tri Newspaper
- Information from the People’s Committee of Can Tho City.
