Can Tho City Establishes High-Tech Park with Over 5 Trillion VND Investment

The People's Committee of Can Tho City in southern Vietnam has issued a decision to establish the Can Tho High-Tech Park in O Mon ward. The project will cover an area of 200 hectares, with a reserve area of 100 hectares, and an estimated total investment of over 5 trillion VND. The park will operate as a multi-functional, multi-sector economic and technical zone. Financially, the city's budget will contribute over 1,437 billion VND (28.46%), while the remaining over 3,613 billion VND (71.54%) will be mobilized from non-budgetary sources such as FDI, ODA, and infrastructure investors. The land allocation prioritizes the high-tech production area (47.4%), followed by R&D and training zones (15.8%), green spaces and water surfaces (10%), and infrastructure for transportation, administration, and services. The project will focus on attracting investment in five key sectors: biotechnology, automation, new materials, energy, and post-harvest technology. This initiative is a strategic push to support the industrial and agricultural restructuring of the Mekong Delta region, with an emphasis on deep processing, manufacturing of new-generation agricultural machinery, and providing solutions for climate change adaptation. The implementation roadmap is divided into three phases. Phase 1 (2026-2028) will focus on completing legal procedures, land clearance, and commencing infrastructure development (2,640 billion VND). Phase 2 (2028-2030) will involve the completion of synchronized infrastructure (over 2,411 billion VND from socialized capital). After 2030, the entire park is expected to officially operate, with efforts to attract major technology corporations intensified.