Hiep Phuoc Industrial Park JSC signs agreement with banks to offer their tenants priorities (Source: VNA)
HCM City (VNA) – The Hiep Phuoc Industrial Park Joint Stock Company (HIPC) has introduced the project to build Hiep Phuoc Supporting Industrial Park to domestic and foreign investors in Ho Chi Minh City.

This is the pilot project on building parks which major in supporting industries in the city, according to the city's People's Committee.

The project covers a total area of 201 hectares.

The project will give priority to key industrial sectors of the city like mechanics, electronics, power, plastic, rubber, food processing and others.

Vuong Huu Man, HIPV General Director of HIPC said that the park would be divided into small plots of 1,500 square metres and above to meet the demand of domestic businesses.

Domestic and foreign businesses will receive investment incentive policies from the city's authorities such as being supported interest rates, rights to borrow a maximum of 70 percent of the total investment capital at credit organisations like the Bank for Investment and Development of Vietnam, Vietinbank, and others.-VNA