Nearly 96 percent of enterprises at 17 processing and industrial zones in Ho Chi Minh City have resumed operations after over one month after social distancing measures were lifted, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).
Total new and additional investment capital in Ho Chi Minh City’s industrial and processing zones reached 224.61 million USD in the first quarter of this year, an increase of 66.34 percent year-on-year and representing 40.84 percent of the annual plan.
Digital transformation will help enterprises in HCM City’s industrial zones (IZs) and export processing zones (EPZs) improve their competitive advantage in global economic integration by increasing productivity and improving operational efficiency, experts have said.
Foreign direct investment in supporting industries is expected to spike in the coming months as more and more foreign companies establish production facilities in Vietnam and seek to develop supply chains here, experts said.
Vietnam and Ho Chi Minh City in particular have remained appealing to foreign investors who are continuing to pour capital into the southern economic hub despite the COVID-19 pandemic.
Recognising the importance of workplace safety, more and more businesses in Ho Chi Minh City have begun to invest in modern equipment and increased budgets for labour safety programmes.
Leaders of Ho Chi Minh City joined disadvantaged workers in a celebration on February 1 to share the joy of the upcoming Lunar New Year festival (Tet).
Ho Chi Minh City is enacting policies to aid businesses in the supporting industry by encouraging investment, networking between firms and banks, and creating special zones.
Foreign direct investment (FDI) in HCM City, the country's major economic hub, has fallen 38 percent year-on-year since the beginning of this year, according to the city's Statistics Office.
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