The HCM City Export Processing and Industrial Zones Authority said the city’s industrial parks and processing zones hope to attract investment worth US$500 million this year.
The HCM City Export Processing and Industrial Zones Authority is helping businesses at industrial parks that house their staff buy food and other essential goods amid the stricter social distancing mandate currently in place to curb the spread of COVID-19.
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.
HCM City is enacting policies to aid businesses in the supporting industry by encouraging investment, networking between firms and banks, and creating special zones.
To develop its supporting industries, HCM City needs to identify the
main sectors and focus on training, technology, and incentives for their
development, experts told a seminar on attracting investment in the
sectors last week.