A company is planning to build a factory in VSIP Can Tho Industrial Park this August, with operations expected to commence by July 2026.
On July 22, leaders of the Can Tho City People’s Committee held a working session with VSIP Can Tho JSC to address challenges facing the VSIP Can Tho Industrial Park project.
A representative from VSIP Can Tho JSC stated that approximately 60% of the infrastructure for the industrial park has been completed. The site is expected to be ready for handover to secondary investors by the third quarter of 2025.
Four companies have committed to investing in the VSIP Can Tho Industrial Park. Among them, Bestway has officially signed an agreement with a total investment capital of USD 300 million. The company began implementing the project in April 2025 on a 28.6-hectare site and plans to start construction this August, aiming to commence operations by July 2026.
The remaining three companies, with a combined investment of USD 100 million, are prepared to sign agreements as soon as VSIP Can Tho JSC obtains its land use right certificates.
To alleviate the financial burden of paying a one-time land lease fee of approximately VND 1,163 billion, the company has requested that the Can Tho People’s Committee approve a switch from one-time payment to an annual land rental payment scheme. They also asked for the land use right certificate to be issued within August 2025.
VSIP Can Tho JSC has also asked the city government to support Bestway in completing investment registration procedures and assist other secondary investors with similar processes.
Mr. Tran Van Lau, Chairman of the Can Tho City People’s Committee, affirmed the city's commitment to resolving difficulties for businesses and accelerating the progress of the VSIP Can Tho project.
He instructed the Department of Agriculture and Environment to promptly propose an adjustment of the land use payment method from a lump sum to annual rental payments. He also requested the issuance of the land use right certificate within August.
Regarding 132 households who have received compensation but have yet to hand over their land due to a lack of resettlement housing, Mr. Lau directed the development of a temporary relocation plan. He also requested the approval and announcement of resettlement land prices and the handover of plots to households for home construction.