Business

Investment into HCM City rockets by 90 pct in Q1

Ho Chi Minh City attracted 277.45 million USD of investment in the first quarter of 2014, shooting up over 90 percent from the year before, according to the HCM City Export Processing and Industrial Zones Authority (Hepza).
Ho Chi Minh City attracted 277.45 million USD of investment in the firstquarter of 2014, shooting up over 90 percent from the year before,according to the HCM City Export Processing and Industrial ZonesAuthority (Hepza).

Hepza office manager Ho Xuan Lam said many ofthe large projects are funded by domestic investors, for example an 11.2million USD pharmaceutical project and another producing calciumcarbonate worth 4.8 million USD.

Meanwhile, somenotable foreign investments include a 4 million USD plant makingelectronic components and a 2.3 million USD factory producing electricmotorcycles.

Lam said Hepza always encourages thebusiness circle to invest in high-tech projects and support industriesthat the city is prioritising.

In Q2, Hepza plansto assist the Vietnam – Japan Techno Park project, work harder toattract Japanese enterprises and accelerate the construction andexpansion of the An Ha, Dong Nam and Tan Phu Trung industrial parks.-VNA
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