To attract more investment, especially from overseas, Ho Chi Minh City needs to renovate and reform its export processing zones (EPZs) and industrial parks (IPs), said Tran Quang Truong, General Director of Tan Binh Industrial Park.
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.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first six months of the year expanded 7 percent from the same time last year, propped up by high growth of the processing sector.
Experts have recommended a number of measures to increase foreign direct investment (FDI) in HCM City’s export processing zones (EPZs) and industrial zones (IPs).
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.
Leaders of Ho Chi Minh City shared joy with 600 outstanding and poor workers in Suoi Tien Theme Park on February 13 ahead of the traditional Lunar New Year (Tet) festival.
The Ho Chi Minh City People’s Committee has asked district people’s committees, departments and other agencies to ensure everyone has a “warm and sufficient Lunar Tet”, which falls on February 16.
Export processing zones and industrial parks in Ho Chi Minh City will prioritise attracting investment in the support industry and high technology, officials of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) told the media on January 18.
The average Tet (New Year) bonus of the upcoming lunar Year of the Dog will be about 10.9 percent higher than last year in Ho Chi Minh City, said Director of the city’s Department of Labour, Invalids and Social Affairs Le Minh Tan on December 29.
It is critical for EPZs and IZs in Ho Chi Minh City to renovate towards high-technology and green development to help enhance the southern city’s economic growth quality.
Industrial and processing parks in Ho Chi Minh City have not developed to their potential due to poor infrastructure and a lack of connection among the parks, delegates said at a weekend seminar.
The Government has approved a plan to simplify administrative procedures, citizenship papers and databases related to population management run by the Ministry of Labour, Invalids and Social Affairs (MoLISA).
Export processing zones and industrial parks in Ho Chi Minh City attracted about 384 million USD in investment in the first six months of 2017, up 39 percent year on year, including nearly 160 million USD of foreign investment, a rise of 24 percent.
The Japan International Cooperation Agency (JICA) has funded a human resource training programme in Ho Chi Minh City, aiming to help the southern largest economic hub improve the quality of industrial production.
Industrial zones in Ho Chi Minh City hope to attract investments worth 500 million USD in 2017, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).
As many as 265 businesses in industrial and processing zones of Ho Chi Minh City have revealed bonus plans for workers on the occasion of traditional Lunar New Year 2017.
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