Investment into Ho Chi Minh city’s export processing and industrial zones sharply increases

According to HEPZA, of USD384 million in investment, USD159.98 million came from foreign investment and the rest from domestic investment. The city put aside 67.67 hectares of land for investors to hire, up by 1.74 times compared to the same period last year.

The Republic of Korea was a leading investor in Ho Chi Minh city in the first half of this year, followed by China’s Taiwanese and Japanese investors. The investment was mainly in food processing and the production of supportive products serving the leather footwear and mechanics industries.

Among 71 newly-licensed projects, 7 have been put into operation, 10 are preparing facilities for production and the rest are applying for construction licenses.

Mr Nguyen Tan Phuoc, HEPZA Deputy Head, said that Ho Chi Minh city is making efforts to tackle difficulties that investors are facing due to the fact that the price for land hire in the city is higher than in surrounding localities and site clearance in some export processing and industrial zones has not been completed to meet businesses’ land demand for building plants./.