Export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City attracted over 90.1 million USD worth of capital in the first quarter of 2023, increasing by 21.36% year-on-year and fulfilling 16.39% of the yearly plan.
Export processing zones and industrial parks (IP) in Ho Chi Minh City are on the process of transforming themselves towards green and ecology direction to meet the changing demands of businesses.
More than 1,300 companies and factories in export processing zones (EPZs), industrial parks (IPs) and hi-tech parks (HTPs) in Ho Chi Minh City, or 92 percent of the total, have reopened so far, according to the HCM City Export Processing Zone and Industrial Park Authority (HEPZA).
Private sector investment in social infrastructure is needed to raise the quality of life for workers in export processing zones and industrial parks, Tran Cong Khanh, chief of the secretariat of the Export Processing Zone and Industrial Park Authority.
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.
As many as 36 buses departed Ho Chi Minh City to carry over 1,500 poor workers free of charge to their hometowns for the traditional Tet (Lunar New Year) festival on January 30.
Ho Chi Minh City will continue to focus on developing supporting industry, and targets meeting 45 percent of national demand for manufactured inputs by 2020 and 65 percent by 2025.
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.
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.
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