Foreign investment in HCM City's industrial parks and export processing zones is expected to rise this year as Vietnam is scheduled to sign the Trans-Pacific Partnership (TTP) on February 4.
Tan Thuan Processing Zone in Ho Chi Minh City (Source: VNA)
HCM City (VNA) 🎃– Foreign investment in HCM City's industrial parks and export processing zones is expected to rise this year as Vietnam is scheduled to sign the Trans-Pacific Partnership (TTP) on February 4, according to the HCM City Industrial Parks and Export Processing Zones Authority (HEPZA).
Last year, foreign capital in IPs and EPZs rose to 553 million USD, 59 percent higher than in 2014.
Most of the foreign enterprises are from the British Virgin Islands, the Republic of Korea, Singapore, Hong Kong, Japan, Taiwan, France, the US, China and Australia. They operate mostly in textiles, food and chemicals, among other products and services.
HEPZA targets attracting investment capital of 700 million USD from foreign and domestic enterprises.
Last year, the IPs and EPZs lured more than 840 million USD in total investment, an increase of 11.74 percent compared to 2014.
Capital from domestic projects, however, fell by about 29 percent.
This year, HEPZA will focus on the support industry which serves four main industries of mechanics, electronics-computers, chemicals, food processing and high technology.-VNA
Labour shortage is one of the headaches faced by companies in industrial parks (IPs) and export-processing zones (EPZs) in Ho Chi Minh City, a local newspaper has reported.
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Tan Thuan Processing Zone in Ho Chi Minh City (Source: VNA)
