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 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 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.
Many industrial parks and export processing zones in HCM City lack sufficient infrastructure since authorities’ failure to pay compensation for lands has meant they have been unable to acquire and clear them.
Ha Noi expects to attract total investment of US$38.3 million in industrial and export processing zones in the first half of this year, equivalent to 64 per cent of the figure in the same period last year.
BCG Energy Joint Stock Company, a subsidiary of Bamboo Capital Group, and the Hepza Businesses Association (HBA) on February 24 signed a deal to develop rooftop solar power system at factories in industrial parks, export processing zones and hi-tech parks...
Industrial parks, export processing zones and economic zones in central
coastal provinces and cities attracted 23 domestic and foreign
investment projects with total capital of US$310 million in the first
six months of this year.
Industrial parks and export processing zones in HCM City have attracted
investments of more than US$480 million in the year-to-date period, an
increase of 48 per cent over the same period last year.