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- In the first 6 months of the year, 2,150 new enterprises entered the market with a total registered capital of 11,100 billion VND. Up to now, in Can Tho city, there are about 20,380 enterprises operating, mainly small and medium enterprises, most of the large enterprises are concentrated in industrial parks, clusters, and export processing zones.
The positive signals about the number of newly established enterprises and the total registered capital increase in the first 6 months of 2025 are a very positive start for Can Tho City after the merger. The impressive figures about the number of newly established enterprises and the increase in registered capital are the clearest evidence of the confidence, expectation and strong entrepreneurial spirit that is spreading throughout the city. At the same time, the combination of the advantages of the 3 localities has created cohesion, complementarity and opened up many opportunities for business development.
What are the industries and business sectors that attract the most newly registered businesses and how does this reflect the potential and strengths of the new city, sir?
- According to statistics from the National Business Registration Information System, in the first 6 months of 2025, registered businesses focused on the trade and service sector accounting for 90.8%, construction 8%, industry 1%, agriculture 0.2%.
As the dynamic center of the region, Can Tho strongly develops service industries such as trade, logistics, finance - banking, healthcare, education , tourism (especially river and garden tourism). Enterprises invest in supply chains, goods distribution, commercial centers, supermarkets, hotels, restaurants.
More specifically, with the merger and the status of a class I urban area directly under the Central Government, the demand for housing, new urban areas, traffic infrastructure, water supply and drainage, and energy in the new Can Tho City is very large. The city also attracts more businesses in the fields of construction, real estate, and infrastructure investment.
The increase in the number of enterprises shows that Can Tho City’s economy is showing signs of recovery and development, creating momentum for economic growth in the following years. The large registered capital shows the interest and confidence of investors in the development potential of Can Tho City after the merger, promising to attract more investment projects in the future.
The emergence of new businesses in many different fields shows that Can Tho City is moving towards a diversified economy, reducing dependence on certain industries, increasing competitiveness and sustainable development. The increasing number of businesses promotes healthy competition, forcing businesses to constantly innovate and improve the quality of products and services to survive and develop.
What will the Department of Finance do to facilitate new businesses to enter the market quickly and effectively, aiming to build an increasingly strong business community?
- To build an increasingly strong business community, the Department of Finance will continue to firmly promote its role as an advisory body to the City People's Committee, helping the locality promote socio-economic development, supporting businesses to operate with peace of mind. Because businesses are indispensable entities in the city's development process, contributing to the local budget and creating jobs for workers.
In particular, to promote the implementation of Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development, Resolution No. 57-NQ/TW dated December 22, 2024 of the Politburo on breakthroughs in science, technology, innovation and national digital transformation, the Department of Finance will advise the City Party Committee and the City People's Committee to issue programs and plans for private economic development of Can Tho City based on the orientation and integration of the goals and solutions of the 3 localities previously implemented to suit the current situation of the new Can Tho City. The Department also strengthens support for enterprises in training to improve the quality of human resources, apply technology, connect, expand markets, support enterprises in digital transformation, start-up innovation, and encourage business households to transform into enterprises.
Enterprises submit business registration applications at the Can Tho City Public Administration Service Center.
The city is striving to attract about 5,000 newly registered businesses by the end of 2025. Therefore, to facilitate new businesses to enter the market quickly and effectively, the Department of Finance will promote support and legal advice for businesses on administrative procedures, especially procedures for business establishment and investment, especially quick settlement, shortening the time to process procedures compared to regulations. In addition, promoting the application of technology in the network environment, encouraging businesses to submit documents online to reduce informal costs, meeting the requirements of improving the provincial competitiveness index (PCI); creating a transparent, stable, safe, easy-to-implement, low-cost business environment.
The Department of Finance closely coordinates with tax authorities to review, propose and implement policies on exemption and reduction of corporate income tax, value added tax, and land tax for enterprises; coordinates with the Department of Agriculture and Environment to develop preferential policies on land rental prices, exemption and reduction of land rental fees; supports enterprises in accessing appropriate financial resources for research, development, technological innovation, trade promotion, etc.
Do you have any message to send to the business community, especially investors and entrepreneurs who are planning to establish businesses in Can Tho City in the near future?
The merger of three localities has opened up a large development space for Can Tho City with outstanding competitive advantages in terms of geographical location, raw materials and infrastructure. The new Can Tho City has outstanding advantages to form a multi-modal, synchronous and closely inter-regional transport infrastructure network. The combination of vertical and horizontal arterial highways, a planned strategic deep-water seaport, Tran De Port, a system of key seaports including Cai Cui Port cluster, inland waterway ports and Can Tho International Airport creates a complete supply chain and logistics. This is an outstanding competitive advantage, creating a strong "push" for Can Tho City to be ready to welcome investors, the business community and new enterprises. Especially enterprises investing in high value-added sectors such as high-tech agriculture, deep processing according to industry value chains, modern logistics, smart tourism and business models associated with green and sustainable growth...
In this general context, the Department of Finance would like to send a message to the business community: We will continue to affirm our advisory role to the city's leaders to create a truly open, fair and competitive investment environment. We are committed to being a companion, always listening and creating the most favorable conditions for businesses to quickly enter the market and operate effectively. The success of each business is the prosperity of the whole city! We believe that with the dynamism and creativity of the business community and the support from the city government, we will together build Can Tho City to soon become a leading economic center in the region.
Thank you!
MINH HUYEN (performed)
Source: https://baocantho.com.vn/kien-tao-moi-truong-dau-tu-thong-thoang-cong-bang-canh-tranh-vi-su-phat-trien-phon-thinh-cua-tp-c-a189017.html
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