Ho Chi Minh City’s industrial and export processing zones will prioritise investment projects in four key areas, namely mechanical engineering; electronics-telecommunications-computing, chemical-medicine and food processing, between now and 2015.

The plan was released at the July 1 meeting to review the achievements the city’s industrial and export processing zones recorded over the past 20 years and map out development strategy by 2015.

The HCM City Management Board of Industrial and Export Processing Zones set targets of attracting 4 billion USD in investment, marking 1,000 ha of land for investment projects, raising export revenues to 6 billion USD and contributing 12 trillion VND to the state budget.

The board also planned to generate jobs for 75,000 labourers in the period.

Statistics released at the meeting showed that by the end of March, a total of 7.7 billion USD had been poured into industrial and export processing zones in the city, of which 6.679 billion USD were running in valid projects.

Five areas attracting highest investment capital included electrics (25.47 percent), chemical plastic (14.93 percent), mechanical engineering (13.12 percent), foodstuff (8.92 percent) and garments and textiles (8.84 percent).

In 2010, the zones registered 2.32 billion USD in exports, accounting for 12.53 percent of the city’s total export value and generated 250,000 jobs./.