Ho Chi Minh City has set a combined investment target of 550 million USD in industrial parks (IPs) and export processing zones (EPZs) in 2014.

The city has continued to encourage businesses to invest in several fields of high-technology, with a particular focus on mechanical engineering, electronics-informatics, chemical production and food processing.

The HCM City Export Processing and Industrial Zones Authority (HEPZA) has prepared 408 hectares of land and over 67,000 sq. m. of factory space to attract investors to the city’s IPs and EPZs, while offering help to potential investors in completing the necessary administrative procedures.

Le Manh Ha, Vice Chairman of the city’s People’s Committee, has instructed HEPZA to focus resources on the construction of a Vietnam-Japan high-tech area in the industrial zone Hiep Phuoc, to attract Japanese investment.

The total investment in the city’s IPS and EPZs reached nearly 609 million USD last year, including 363 million USD of foreign investment.-VNA