Hiep Phuoc Industrial Park in Nha Be district. Industrial parks and processing zones in HCM City are attracting more and more investments despite COVID-19. (Photo: baodautu.vn)
HCM City (VNS/VNA)
- Investment in Ho Chi Minh City’s industrial parks and
processing zones have risen by nearly 23 percent year-on-year so far this year
to 236.1 million USD.
direct investment was worth around 125 million US, double the amount that came
in during the same period last year.
constructing factories and warehouses accounted for nearly 69 percent
of the investment, with pharmaceuticals, software and food processing also
accounting for major shares.
Hua Quoc Hung,
head of the HCM City Export and Processing Zones Authority (HEPZA), said
investment was increasing because Vietnam and HCM City had been controlling the
The city and
his agency had been helping investors overcome problems caused by the pandemic
and global economic instability, which would also attract further investment,
was running out in the city’s industrial parks and processing zones, while
new industrial parks were launching too slowly due to land compensation and
legality problems, he said.
his agency would speed up the construction and opening of new industrial
parks to offer more land to investors.
also work with other agencies to acquire more land for industrial
zones for use in 2021 – 2025, he said.
zones also have problems such as lack of technical infrastructure and
pollution, he added./.