HCM City aims to attract investment in support industry, high technology
Export processing zones and industrial parks in Ho Chi Minh City will prioritise attracting investment in the support industry and high technology, officials of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) told the media on January 18.
Export processing zones and industrial parks in Ho Chi Minh City will prioritise attracting investment in the support industry and high technology (Illustrative photo: Reuters)HCM City (VNA) – Export processing zones and industrial
parks in Ho Chi Minh City will prioritise attracting investment in the support
industry and high technology, officials of the Ho Chi Minh City Export
Processing and Industrial Zones Authority (HEPZA) told the media on January 18.
Nguyen Thi Lan Huong from the authority said that in 2018, HEPZA targets 900 million USD in investment, of which 60 percent is for the support industry and essential industries.
Huong said that that in the coming years, local export processing zones and industrial parks will focus on transforming industrial structure, improving growth quality and competitiveness of the city’s economy.
She also clarified four prioritised sectors for investment, namely mechanics-manufacturing, electricity-information technology, pharmaceutical chemistry-rubber and food processing.
Meanwhile, Dao Xuan Duc, HEPZA Vice Director said that in order to lure businesses to local export processing zones and industrial parks, the authority will continue increasing activities to support new businesses, including cutting administrative procedures and removing obstacles facing them. The authority will also help connect businesses in the zones with enterprises in the city.
HEPZA will also complete technical and social infrastructure systems in export processing zones and industrial parks to meet the requirements of businesses and workers.
In 2017, HEPZA lured 840 million USD of investment, reaching 168 percent of the set target. As of the end of 2017, local export processing zones and industrial parks hosted 1,495 valid projects worth nearly 10 billion USD.-VNA
Nguyen Thi Lan Huong from the authority said that in 2018, HEPZA targets 900 million USD in investment, of which 60 percent is for the support industry and essential industries.
Huong said that that in the coming years, local export processing zones and industrial parks will focus on transforming industrial structure, improving growth quality and competitiveness of the city’s economy.
She also clarified four prioritised sectors for investment, namely mechanics-manufacturing, electricity-information technology, pharmaceutical chemistry-rubber and food processing.
Meanwhile, Dao Xuan Duc, HEPZA Vice Director said that in order to lure businesses to local export processing zones and industrial parks, the authority will continue increasing activities to support new businesses, including cutting administrative procedures and removing obstacles facing them. The authority will also help connect businesses in the zones with enterprises in the city.
HEPZA will also complete technical and social infrastructure systems in export processing zones and industrial parks to meet the requirements of businesses and workers.
In 2017, HEPZA lured 840 million USD of investment, reaching 168 percent of the set target. As of the end of 2017, local export processing zones and industrial parks hosted 1,495 valid projects worth nearly 10 billion USD.-VNA
You should also see
PM visits police command centre, checks cultural centre construction in Phu Tho
Prime Minister Pham Minh Chinh visited the command and control centre of the Phu Tho police and examined the construction of this northern province’s house of culture and arts on April 18.
See more
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
Business
Vietnam Airlines, Sun Group promote Vietnam’s tourism in RoK
National flag carrier Vietnam Airlines and Sun Group on April 17 held a tourism promotion event themed “The Magnificent Vietnam” in Seoul, aiming to promote Vietnam’s tourism potential, flights, and trade opportunities for Vietnam and the Republic of Korea (RoK).
Business
Overseas remittances to HCM City record highest increase in three years
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
