Ho Chi Minh City adjusts planning schemes for industrial zones hinh anh 1A corner of Saigon Hi-tech Park (Photo: VNA)
HCM City (VNA)Ho Chi Minh City is adjusting its industrial development strategy until 2020, including removing zoning plans for delayed industrial parks and downsizing the scale of industrial complexes in a bid to speed up investment projects and lure more investment.

Earlier, the southern hub had zoned off 7,000 hectares for industrial parks and 1,900 hectares for industrial complexes. However, 80 hectares of land in District 9 set aside for Phu Huu Industrial Park were arranged for the construction of a residential area.

Planning schemes for three industrial parks - Xuan Thoi Thuong in Hoc Mon district and Phuoc Hiep and Bau Dung in Cu Chi district was also erased due to slow land clearance and compensation, affecting local livelihoods.

Meanwhile, Pham Van Hai Industrial Park will be constructed in an area of 768 hectares in Binh Chanh district to ensure the city’s industrial land fund.

The Ministry of Construction asked the city to clarify the adjustment’s impacts on urban planning and report specific industrial sectors in the Pham Van Hai Industrial Park, thus recommending rational construction planning.

In addition, sizes of industrial parks and complexes were also scaled down. The area of the expanded Tay Bac Cu Chi (Northwest Cu Chi) Industrial Park will be cut to 73 hectares from the planned area of 173 hectares.

The city also decided to slash the total number of 30 industrial complexes covering an area of 1,900 hectares to six complexes with an area of 331 hectares.

An Ha and automobile mechanics complexes were shifted into industrial parks and 22 complexes were scooped up from planning list to make room for other projects.

In a bid to lure more investments into the industrial parks, experts said that the city should pay attention to developing traffic infrastructure, thereby helping investors reduce transport costs and enhance competitiveness capacity.

As foreign businesses are holding 90 percent of the logistic market, it is vital for the city to invest in logistic service as well as arrange bonded warehouses at industrial parks to reduce customs clearance time for imports and exports.-VNA