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Korean-Vietnamese Incubator Park Council introduced

The twelve-member council of the Korea-Vietnam Incubator Park (KVIP), made its official debut on September 23 in the southern city of Can Tho to prepare for the park’s official operations in June 2015.
The twelve-member council of the Korea-Vietnam Incubator Park (KVIP),made its official debut on September 23 in the southern city of Can Thoto prepare for the park’s official operations in June 2015.

During the inauguration ceremony, Truong Quang Hoai Nam, Vice Chairmanof Can Tho City’s People’s Committee, said the incubator park project,which will increase the Mekong Delta region’s competitiveness, wascurrently 40 percent completed.

Between now and the firstquarter of 2015, a number of actions will be taken, including trainingcourses for staff, and the installation of state-of-the-art machineryand environmentally-friendly equipment, which will boost research andmanufacturing of high value added agricultural and aquatic products, headded.

According to KVIP General Director Kim Hee Sup, theproject will develop three industrial clusters, specialising in rice,aquacultural products and agricultural mechanics. The rice cluster willimprove regional rice competitiveness on the global market, attract moreinvestments in rice processing and develop highly competitive aquaticexport products for foreign markets.

Moreover, the KVIP projectwill produce Made-in-Vietnam agricultural machinery, with the objectiveof achieving a 95 percent localisation rate over the next ten years andsupporting producers of machinery to expand their domestic andinternational operations. In addition, the project also provideshigh-tech equipment to produce rice in line with internationalstandards.

In the aquaculture cluster, KVIP will help increasethe value of shrimp and fish farms and standardise breeding and rearingmethods by improving water quality and using green fodder.

According to Can Tho City’s Department of Industry and Trade, the KVIPproject started in November 2013 at the Tra Noc Industrial Zone at acost of 21 million USD, with 17.7 million USD provided by the Governmentof the Republic of Korea and the remainder coming from the VietnameseGovernment.-VNA

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