Total registered investment, including new and adjusted capital across the three areas of HCM City, Binh Duong and Ba Ria–Vung Tau (former administrative units), reached 4.4 billion USD.
A delegation from Ho Chi Minh City on August 26 held the Kuala Lumpur-Ho Chi Minh City Business Roundtable at Taylor’s University in Selangor state with a view to promoting bilateral investment initiatives.
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.
The municipal Department of Industry and Trade rolled out a five-pillar strategy to steer development. Priorities include synchronised industrial, logistics, and energy infrastructure, with specialised zones, technology parks, and large-scale integrated logistics zones powered by green energy.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
Industrial and export processing zones in Ho Chi Minh City attracted 191.93 million USD in investment in the first quarter, equivalent to 34.9% of the target for 2024 and 112.12% higher than the figure in the same period last year, the HCM City Export Processing and Industrial Zones Authority (HEPZA) reported on April 12.
Ho Chi Minh City attracted 176.71 million USD in investment capital into the city's export processing and industrial zones in the first two months of 2024, equivalent to 32.13% of the target set for the whole year.
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.
Domestic investors outperformed their foreign counterparts in the southeastern region, as many localities have paid heed to luring capital flows at home to ensure sustainable growth.
While some southern localities have fulfilled their targets for FDI attraction, the clock is ticking for many others to complete their goals since there are only 1.5 months left to the end of 2023.
Export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City attracted over 90.1 million USD worth of capital in the first quarter of 2023, increasing by 21.36% year-on-year and fulfilling 16.39% of the yearly plan.
Export processing zones and industrial parks (IP) in Ho Chi Minh City are on the process of transforming themselves towards green and ecology direction to meet the changing demands of businesses.
More than 549 million USD worth of new and additional investment was poured into export processing and industrial zones of Ho Chi Minh City in 2022, about 9.8% higher than the target, statistics showed.
The Ho Chi Minh City Industrial and Export Processing Zones Management Board (HEPZA) has set a target to increase the average investment per hectare of industrial land to 15 million USD by 2025 from the current 6.32 million USD.
The Department of Industry and Trade of Ho Chi Minh City in collaboration with the Management Board of the HCM City Export Processing and Industrial Zones Authority (HEPZA) and the Management Board of Saigon Hi-Tech Park (SHTP) organised the “Sourcing Fair Supporting Industries 2022” (SFS 2022) conference in HCM City on September 8.
Ho Chi Minh City is planning to set up a 26,000ha economic zone to the south, which is expected to house industrial parks, urban areas, and many associated services.
Although the fourth wave of the pandemic negatively affected local production and businesses, the inflow of foreign investment to the southern key economic region increased significantly in 2021.
