Business

HCM City lures over 1 billion USD to industrial parks

Ho Chi Minh City has attracted more than 1 billion USD, both new and adjusted capital, to its industrial parks so far this year, surpassing its plan by 83.57%, the HCM City Export Processing and Industrial Zones Authority (HEPZA) said on December 27.
HCM City lures over 1 billion USD to industrial parks ảnh 1Ho Chi Minh City has attracted more than 1 billion USD, both new and adjusted capital, to its industrial parks so far this year. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City hasattracted more than 1 billion USD, both new and adjusted capital, to itsindustrial parks so far this year, surpassing its plan by 83.57%, theHCM City Export Processing and Industrial ZonesAuthority (HEPZA) said on December 27.

Of the sum, foreign investment reached 221.11 million USD,up 12.47% year-on-year, with 16 new projects worth 63.20 million USD, and 32others adjusting their investment capital by 157.91 million USD.

For domestic investment, the country’s southernbiggest economic hub lured 18.51 trillion VND (788.5 million USD), ayear-on-year rise of 123.7%.

HEPZA Director Hua Quoc Hung said administrative procedures have been reformed, adding HEPZA has also worked hard to remove obstacles to enterprises and promoteinvestment, production and business.

Besides, HEPZA has regularly consulted with investors, and paid attention to attracting investment to supporting industries and big high-tech projects as well as.

Notably, ministries, centrally-run agencies and thecity itself have stepped up the “one-stop-shop” mechanism, thus creating ahealthy administrative environment to attract more investors, he said./.
VNA
#Ho Chi Minh City #HEPZA #southern biggest economic hub #administrative procedures #Vietnam #VietnamPlus #Vietnam news Ho Chi Minh City
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