HCMC: IPs seeks over US$ 500 million of investment
In 2014, Ho Chi Minh City hopes to attract US$ 550 million of investment to industrial parks (IPs) and export processing zones (EPZs).
The city would encourage investors to engage in high-tech and auxiliary industries on four fields including mechanics, electronics-IT, chemical substance and food processing.
Around 408 hectares of land and 67,000 square meters of workshops are available in Tan Phu Trung, Dong Nam, An Ha and Hiep Phuoc IPs and Tan Thuan EPZ.
The local authorities have asked management boards to finalize infrastructure construction in new IPs.
Especially, the Viet Nam-Japan Techno Park in Hiep Phuoc IP would become operational in October 2014 and is expected to attract Japanese investment inflows. So far, 25 Japanese investors have registered operation here.
Last year, local IPs and EPZs lured over US$ 608 million of investment of which FDI enterprises poured over US$ 363 million.
The auxiliary industry held 48% of total investment; followed by pharmaceuticals 22%; plastics 14% and mechanics 9%./.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years