Vietnamplus

HCM City has set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises.

Over 747.6 million USD were poured into export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City in 2020, representing a year-on-year increase of 15.79 percent, according to the HCM City Export Processing and Industrial Zones Authority (HEPZA).

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.

Ho Chi Minh City plans to complete a number of major transport projects by 2025 that are expected to reduce traffic congestion at city gateways and improve connections to neighbouring provinces.

Japanese enterprises are expanding investment in sectors that are seen to have growth potential in Vietnam, according to experts.

Ho Chi Minh City has begun to implement a number of measures to gradually revive business activities post-social distancing necessitated by the Covid-19 pandemic.

HCM City is making extra efforts to ensure safe production amid the COVID-19 outbreak, as Vietnam’s largest economic hub is now home to 415,000 businesses with 3.2 million workers.

The EU-Vietnam Free Trade Agreement (EVFTA) will create opportunities for Japanese companies to continue expanding operations in Vietnam and boost exports to the EU, according to chief representative of the Japan External Trade Organisation (JETRO) in Hanoi Takeo Nakajima.

HCM City is providing assistance to the manufacturing sector to sustain industrial growth.

Ho Chi Minh City’s exports in the first eight months of 2018 hit 24.6 billion USD, an increase of 6 percent from the same period last year, reported the municipal Department of Industry and Trade on September 4.

Ho Chi Minh City is forecast to need about 78,000 new employees for the third quarter of 2018, according to the HCM City Centre for Forecasting Manpower Needs and Labour Market Information (FALMI).

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.

Ho Chi Minh City tops the nation in terms of foreign direct investment (FDI) attraction, 30 years since the first foreign investor was allowed to operatein Vietnam on January 1, 1988.

Social dialogue and collective bargaining is the foundation for building harmonious labour relations in businesses, heard a workshop in Ho Chi Minh City on October 25.

A ceremony was held in Ho Chi Minh City on October 15 to launch the campaign entitled “Screening for breast cancer at the age of 40”.

The Trade Union of the Ho Chi Minh City Export Processing and Industrial Zones Authority is set to organise various activities to help workers celebrate Tet (Lunar New Year) this month.

An outbreak of chickenpox has been reported at Gunze Vietnam Co Ltd in HCM City’s Tan Thuan Export Processing Zone, with 30 people contracting the disease since November 17.

Many industrial workers face early retirement caused by occupational health conditions, according to a National Institute of Labour Protection study.

In HCM City’s District 7, twigs, leaves and other parts shed by trees are no longer sent to solid waste treatment plants for burial but are instead recycled for compost.

The People’s Committee of HCM City has approved a plan from now to 2020 to offer extended kindergarten hours for children of workers at industrial parks and export processing zones who work overtime.