Can Tho businesses face labor shortages and land issues

During a business meeting hosted by the Can Tho People's Committee, local enterprises reported significant operational challenges, most notably a critical shortage of labor. TKG Taekwang Can Tho Co., Ltd. noted that despite an increase in orders, the company has been forced to redistribute work to its facilities in other provinces due to difficulties in recruiting local staff. The company aims to expand its workforce by 17,000 people over the next five years to reach a total of 35,000 employees.

Other businesses raised concerns regarding land leasing and allocation issues, specifically within the Hung Phu 1 Industrial Park. Additionally, representatives from Kinh Bac Urban Development Corporation suggested that the city implement policies such as worker housing and dormitories to attract and retain labor. While Can Tho saw over 3,500 new business establishments in the first ten months of the year, there has also been a sharp increase in the number of companies ceasing operations or declaring bankruptcy.