HCM City’s export processing zones and industrial parks attracted investments of more than US$90 million in the first quarter of this year, a 21.36 per cent increase year-on-year.
The HCM City Industrial and Export Processing Zones Management Board (HEPZA) has set a target to increase the average investment per hectare of industrial land to US$15 million by 2025 from a current $6.32 million.
To date, Viet Nam has established 335 industrial parks (IPs) on a total area of 97,840ha, of which 260 are already operational with an occupancy rate of over 76 per cent
Commercial banks have stepped up lending to export firms, especially those in industrial parks and export processing zones, as exports of many goods have grown strongly this year.
The HCM City People’s Committee wants changes made to a proposal to convert industrial parks and export processing zones into eco-industrial and high-tech zones by 2025.
The HCM City Department of Industry and Trade has begun a programme called ‘Mobile price-stabilisation sales points’ at export processing zones and industrial parks to ensure workers there can buy safe foods at fair prices.
Companies in industrial parks (IPs) and export processing zones (EPZs) in HCM City will continue to operate despite stricter COVID-19 prevention and control measures being applied for two weeks starting on August 23.
The spread of COVID-19 has wreaked havoc in Bac Giang and Bac Ninh provinces in recent days and forced many businesses in industrial parks (IPs) and export processing zones (EPZs) with thousands of workers to suspend their operations.
Ha Noi is requiring relevant agencies to early review the planning of the city’s industrial and export processing zones to make it develop more effectively.
HCM City plans to attract foreign direct investment in industrial parks and export processing zones by focusing on improving infrastructure and administrative procedures.
HCM City authorities plan to offer competitive land rents and other incentives at industrial parks and export processing zones, and earmark more lands for building infrastructure to attract investment.
The HCM City Department of Planning and Architecture is preparing a plan to turn several industrial parks and export processing zones into hi-tech industrial parks.
HCM City authorities promise to offer competitive land rentals and other incentives at industrial parks (IPs) and export processing zones (EPZs) besides improving the business environment.
Enterprises in export processing zones (EPZs) and industrial parks (IPs) should use high technologies to better manage manufacturing processes and improve commodity quality, speakers said on July 30 at a meeting in HCM City.