Capital poured into HCM City’s export processing, industrial zones up 21% in Q1
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.
HCM City (VNA) - Export processing zones (EPZs) andindustrial parks (IPs) in Ho Chi Minh City attracted over 90.1 million USDworth of capital in the first quarter of 2023, increasing by 21.36% year-on-year and fulfilling16.39% of the yearly plan.
According to the HCM City Export Processing and IndustrialZones Authority (HEPZA), 48.8 million USD of the sum was foreign investment, representinga two-fold rise year on year.
Meanwhile, domestic firms channeled 956.2 billion VND (41.35million USD) into the local EPZs and IPs, down 15.8 from the same period lastyear.
In the first quarter, 18 projects in these EPZs and IPs were put into operation,six were under construction, and two stopped working.
Hua Quoc Hung, head of HEPZA, said in the next quarter, theauthority will increase its support for and monitoring of operating firms via thematicdialogue conferences; launch events connecting their supply and demand; andsurvey the localisation rate of the enterprises.
The accumulated number of valid investment projects at thecity’s EPZs and IPs has so far reached 1,700 projects worth 12.43 billion USD, including554 foreign-invested ones valued at 6.92 billion USD.
Currently, 1,482 projects, including 517foreign-funded ones, are operating in these EPZs and IPs./.
Ho Chi Minh City is planning to set up a 26,000ha economic zone to the south, which is expected to house industrial parks, urban areas, and many associated services.
The Ho Chi Minh City Industrial and Export Processing Zones Management Board (HEPZA) has set a target to increase the average investment per hectare of industrial land to 15 million USD by 2025 from the current 6.32 million USD.
More than 549 million USD worth of new and additional investment was poured into export processing and industrial zones of Ho Chi Minh City in 2022, about 9.8% higher than the target, statistics showed.
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.
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Illustrative photo (Source: VNA) 
