HCM City attracts 176.71 million USD in export processing and industrial zones
Ho Chi Minh City attracted 176.71 million USD in investment capital into the city's export processing and industrial zones in the first two months of 2024, equivalent to 32.13% of the target set for the whole year.
HCM City (VNA) – HoChi Minh City attracted 176.71 millionUSD in investment capital into the city's export processing and industrial zones in the first two months of 2024, equivalent to 32.13% of the target set forthe whole year.
According to the Ho Chi Minh City Export Processing andIndustrial Zones Authority (HEPZA), the southern economic hub lured 174.19 millionUSD in foreign investment in the period, including 4.84 million USD invested in two new projects, and 171.35 million USD added to three existing projects.
Meanwhile, the municipalauthorities approved two new domestic projects and capital addition to another with combined capital of 22.42billion VND (0.97 million USD).
HEPZA Director Hua Quoc Hung said, apart from attracting investment, the authority is also intensifying environmental protection activities and construction ordermanagement.
It has continued to implement aproject outlining development orientations for export processing zonesand IPs in HCM City for the 2023-2030 period, with a vision to2045, and an ecological IP project in Vietnam following the approach from theglobal ecological IP programme at Hiep Phuoc IP, Hung said.
HEPZA has also accelerated administrative reforms inreceiving and processing documents to improve the locality’s Public Administration Reform (PAR) Index, thus facilitating businesses’ productionand business development, he added./.
The Ho Chi Minh City Industrial and Export Processing Zones Management Board (HEPZA) has set a target to increase the average investment per hectare of industrial land to 15 million USD by 2025 from the current 6.32 million USD.
More than 549 million USD worth of new and additional investment was poured into export processing and industrial zones of Ho Chi Minh City in 2022, about 9.8% higher than the target, statistics showed.
Export processing zones and industrial parks (IP) in Ho Chi Minh City are on the process of transforming themselves towards green and ecology direction to meet the changing demands of businesses.
Export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City attracted over 90.1 million USD worth of capital in the first quarter of 2023, increasing by 21.36% year-on-year and fulfilling 16.39% of the yearly plan.
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Illustrative image (Photo: VNA) 
