CAN THO – Can Tho City is calling for support from the Ministry of Science and Technology in seeking investment for the second phase of the Korea-Vietnam Incubator Park project.

The director of the Can Tho Department of Science and Technology, Ngo Anh Tin, proposed continuing to tap foreign official development assistance (ODA) loans for the project. He was speaking at the signing ceremony on October 18 to strengthen collaboration between the ministry and Can Tho in science-technology and innovation.

He said ODA would help to synchronize the equipment and machinery in two phases of the project as they already used ODA loans from Korea for the first phase.

Additionally, the department would strive to work with Korean organizations and partners to gain more capital to implement the project.

Around 2.5 hectares of land in the city is currently available for the second phase of the Korea-Vietnam Incubator Park project, according to the Can Tho Department of Science and Technology.

The first phase of the project was carried out at the end of November 2013 at Tra Noc 2 Industrial Park in O Mon District, Can Tho.

It required a total of over US$21 million, of which the ODA loans from Korea were US$17.7 million and the fund from the city’s budget was over US$3.4 million.