Industrial Parks (IPs) and Export Processing Zones (EPZs) in Ho Chi Minh City have attracted more than 480 million USD in investment over the past nine months, double last year’s figure for the same period.

Of the figure, foreign investment capital contributed 341.39 million USD, an increase of 114.27 percent, said the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA).

Japan has taken the lead among foreign investors with 31.95 million USD. It is followed by Singapore with 16.75 million USD; Australia with 9.8 million USD; and Taiwan, 3.5 million USD.

Meanwhile, domestic investment fell 15.69 percent to 138.8 million USD in the reviewed period.

By the end of September, the city’s IPs and EPZs had been home to 1,263 valid projects capitalising at 7.49 billion USD. In total, 502 of these, worth 4.53 billion USD, are foreign invested.
Exports of IPs and EPZs were up 6.2 percent to 3.4 billion USD in the January-September period while imports fell 10.7 percent to 2.5 billion USD.

The continuing economic downturn, which led to contract deficiency, and the increasing costs of input materials were attributed to the decline.-VNA