Vietnam Establishes New Economic Zone in Ca Mau Province

The Vietnamese government approved the establishment of a new economic zone in the country’s southernmost province of Ca Mau on October 27, looking to take advantage of the region’s geographical position and existing business environment.

Covering 11,000 hectares along National Highway 1A in Nam Can District, the new economic zone will support key industries such as construction materials, ecotourism, electronics, machine assembly, mechanics, oil and petrol services, seafood processing, shipping, and textiles and garments.

The area will also offer preferential financial treatment in several key areas to encourage long term investment and trading.

Final plans for the Nam Can Economic Zone, as it is named, will be completed by 2011 and will look to attract projects from 2016 to 2020.

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