Investment in HCM City’s export processing, industrial zones up 86 percent

Export processing and industrial zones in Ho Chi Minh City saw 117 million USD of investment poured into the zones in the first quarter, a 86 percent increase compared to the same period last year, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).

Tuesday, April 14, 2020 16:48

Investment in HCM City’s export processing, industrial zones up 86 percent ảnh 1

Export processing and industrial zones in HCM City see an 86 percent increase in investment during the first quarter. (Source: VNA)

HCM City (VNA) - Export processing and industrial zones in Ho ChiMinh City saw 117 million USD of investment poured into the zones in the firstquarter, a 86 percent increase compared to the same period last year, accordingto the HCM City Export Processing and Industrial Zones Authority (HEPZA).

FDI in the zones was nearly 66 million USD, a 2.58 percent increaseyear-on-year.

Eleven FDI projects registered more capital of over 60 million USD. There weresix new projects with total capital of 5.48 million USD, a 74 percent decreasefrom last year.

The zones received 1.1 trillion VND (47 million USD) worth of domesticinvestment, up by 37 percent year-on-year. There were 13 new projects, while 12projects increased their capital.

The increase in investment in the zones was mainly from domestic sources andforeign projects that already had plans to register more capital, according tothe authority, which said that investment attraction in the second quarter mayface challenges due to the COVID-19 pandemic.

HCM City, as of March 20, had attracted over 1 billion USD worth of FDI, a 33percent drop year-on-year, according to the HCM City Statistics Office./.

VNA

#Export processing and industrial zones #Ho Chi Minh City #COVID-19 #HEPZA #FDI projects #Vietnam #Vietnamplus #Vietnam News Agency Ho Chi Minh City

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