The total amount of investment in Ho Chi Minh City’s industrial zones (IZs) and export processing zones (EPZs) reached nearly 320 million USD in the first half of 2010, a year-on-year rise of 176 percent.
Of this figure, domestic investments were over 225 million USD, almost tripling the amount for the same period last year.
Businesses in IZs and EPZs also posted a combined export turnover of 1.6 billion USD during this period, a 34-percent rise year-on-year.
In order to make it easier for domestic and foreign investors to invest and expand their operations, the municipal People’s Committee has instructed the IZ and EPZ management boards to help new projects get up and running.
At the same time, management boards should help businesses to stabilise their operations, encourage the introduction of new technologies and staff training as well as taking care of the workforce.
At present, the boards are trying to attract investment in hi-tech and environmentally-friendly areas that export large amounts of goods and use less workers, as well as speeding up site clearance and compensation payments and upgrading the infrastructures in IZs and EPZs
Industrial zones that have completed their site clearance and fulfilled their compensation payments are being urged to get projects operational, including the Phong Phu and Tan Phu Trung IZs, the second phase of the Hiep Phuoc IZ and two support projects for hi-tech business at the Tan Thuan EPZ.
The IZs and EPZs are also strengthening their links with universities, colleges and vocational training schools to groom top quality human resources for new investment projects.
Measures to help businesses recruit workers, promote trade and exports and step up the economic restructuring of IZs and EPZs are being put into action as soon as possible./.
Of this figure, domestic investments were over 225 million USD, almost tripling the amount for the same period last year.
Businesses in IZs and EPZs also posted a combined export turnover of 1.6 billion USD during this period, a 34-percent rise year-on-year.
In order to make it easier for domestic and foreign investors to invest and expand their operations, the municipal People’s Committee has instructed the IZ and EPZ management boards to help new projects get up and running.
At the same time, management boards should help businesses to stabilise their operations, encourage the introduction of new technologies and staff training as well as taking care of the workforce.
At present, the boards are trying to attract investment in hi-tech and environmentally-friendly areas that export large amounts of goods and use less workers, as well as speeding up site clearance and compensation payments and upgrading the infrastructures in IZs and EPZs
Industrial zones that have completed their site clearance and fulfilled their compensation payments are being urged to get projects operational, including the Phong Phu and Tan Phu Trung IZs, the second phase of the Hiep Phuoc IZ and two support projects for hi-tech business at the Tan Thuan EPZ.
The IZs and EPZs are also strengthening their links with universities, colleges and vocational training schools to groom top quality human resources for new investment projects.
Measures to help businesses recruit workers, promote trade and exports and step up the economic restructuring of IZs and EPZs are being put into action as soon as possible./.
