Business

HCM City lures over 3.8 billion USD to industrial parks

Foreign investment made up 2.4 billion USD of the total, with 133 new foreign-invested projects registering over 1 billion USD, and 106 existing projects recording capital increases totalling 1.33 billion USD.

Sonadezi Industrial Park in HCM City (Photo: VNA)
Sonadezi Industrial Park in HCM City (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City’s export processing zones and industrial parks have drawn more than 3.8 billion USD in investment from the outset of the year.

According to the HCM City Export Processing and Industrial Zones Authority (HEPZA), foreign investment made up 2.4 billion USD of the total, with 133 new foreign-invested projects registering over 1 billion USD, and 106 existing projects recording capital increases totalling 1.33 billion USD.

Meanwhile, domestic investment topped 1.4 billion USD, including 74 new projects worth more than 1.1 billion USD, and 35 expansions adding 298.5 million USD.

Geographically, Ba Ria – Vung Tau, before its merger into HCM City, emerged as the standout performer, attracting over 2 billion USD in total investment and exceeding its annual target of 1.88 billion USD. Foreign investment in this coastal area reached more than 1 billion USD through 23 new projects worth 421.3 million USD and 17 expanded ones adding 879.7 million USD. Domestic investment contributed nearly 778.5 million USD through 18 new ventures and 10 capital increases.

Meanwhile, the pre-merger Binh Duong attracted more than 1.4 billion USD, or 115% of the yearly target, with over 1 billion USD in foreign investment and some 359.4 million USD in domestic capital.

The former HCM City area recorded 349.37 million USD in total investment, achieving just 58.23% of its target. That consisted of over 55.5 million USD in foreign investment and 293.8 million USD in domestic one.

HEPZA said that the city’s export processing zones and industrial parks now host over 5,700 active investment projects. The total registered capital exceeded 74.8 billion USD, with foreign investors dominating the portfolio by injecting 56 billion USD in over 3,500 projects.

Earlier, Deputy Prime Minister Tran Hong Ha signed a decision establishing HEPZA through merging the industrial zones authorities of Ba Ria – Vung Tau, Binh Duong, and HCM City./.

VNA
#Ho Chi Minh City #HEPZA #export processing zones #industrial parks #foreign investment #domestic investment Ho Chi Minh City
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