The total amount of investment in Ho Chi Minh City’s industrial zones(IZs) and export processing zones (EPZs) reached nearly 320 million USDin 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 of1.6 billion USD during this period, a 34-percent rise year-on-year.
In order to make it easier for domestic and foreign investors toinvest and expand their operations, the municipal People’s Committee hasinstructed the IZ and EPZ management boards to help new projects get upand running.
At the same time, management boardsshould help businesses to stabilise their operations, encourage theintroduction of new technologies and staff training as well as takingcare of the workforce.
At present, the boards aretrying to attract investment in hi-tech and environmentally-friendlyareas that export large amounts of goods and use less workers, as wellas speeding up site clearance and compensation payments and upgradingthe infrastructures in IZs and EPZs
Industrial zonesthat have completed their site clearance and fulfilled theircompensation payments are being urged to get projects operational,including the Phong Phu and Tan Phu Trung IZs, the second phase of theHiep Phuoc IZ and two support projects for hi-tech business at the TanThuan EPZ.
The IZs and EPZs are also strengtheningtheir links with universities, colleges and vocational training schoolsto groom top quality human resources for new investment projects.
Measures to help businesses recruit workers, promote trade and exportsand step up the economic restructuring of IZs and EPZs are being putinto 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 of1.6 billion USD during this period, a 34-percent rise year-on-year.
In order to make it easier for domestic and foreign investors toinvest and expand their operations, the municipal People’s Committee hasinstructed the IZ and EPZ management boards to help new projects get upand running.
At the same time, management boardsshould help businesses to stabilise their operations, encourage theintroduction of new technologies and staff training as well as takingcare of the workforce.
At present, the boards aretrying to attract investment in hi-tech and environmentally-friendlyareas that export large amounts of goods and use less workers, as wellas speeding up site clearance and compensation payments and upgradingthe infrastructures in IZs and EPZs
Industrial zonesthat have completed their site clearance and fulfilled theircompensation payments are being urged to get projects operational,including the Phong Phu and Tan Phu Trung IZs, the second phase of theHiep Phuoc IZ and two support projects for hi-tech business at the TanThuan EPZ.
The IZs and EPZs are also strengtheningtheir links with universities, colleges and vocational training schoolsto groom top quality human resources for new investment projects.
Measures to help businesses recruit workers, promote trade and exportsand step up the economic restructuring of IZs and EPZs are being putinto action as soon as possible./.
