Nguyen Thanh Son, deputy chairman of the People’s Committee in the Mekong Delta city of Can Tho, has signed a regulation on interest assistance to projects calling for investment.
The city authorities will aid investors with 20 percent of interest rate of a certain loan amount to carry out projects.
140-hectare Con Au eco-tourist site in Cai Rang District, Con Son tourist site in Binh Thuy, technical infrastructure construction and trading projects in Hung Phu 1, 2A and 2B, O Mon and Bac O Mon industrial zones will enjoy the interest assistance on a maximum loan of VND10 billion (US$472,000) each.
It will not exceed VND5 billion (US$236,000) to technical infrastructure construction at Vinh Thanh Industrial Zone, industrial and handicraft small industrial zones in districts and a logistics center projects.
Can Tho conference center, five-star hotels and resorts in Ninh Kieu and Cai Rang Districts will get the assitance on maximum loans of VND3 billion.
The 20 percent interest assistance will be applied on VND2 billion loans to production and trading projects in local industrial zones with minimum capital of VND60 billion.