Over 321 million USD invested in IZs in Ho Chi Minh city

By the end of October, domestic investment in industrial zones (IZs) in Ho Chi Minh City reached more than 321 million USD, a year-on-year rise of 48%.  

Mr. Hua Quoc Hung, Head of the management board of HEPZA, said in the 10 months, total newly-licensed and increased capital reached some USD592 million, up 18.3% compared to the year’s plan and up 7.2% year on year. Meanwhile, foreign investment capital reached 270.67 million USD, down over 19% from the same period last year. 

Over the past 10 months, total domestic investment capital in export processing zones and industrial parks posted more than USD321 million, up 47.6% year on year. Of this, 46 new projects were licensed with a total registered capital of nearly USD251 million, up nearly 30%, and 32 ongoing projects registered for additional capital of about USD70.33 million, up 2.91 fold year on year. 

He added that enterprises have not yet recovered their production and business activities. During the pandemic period, progress of many projects met difficulties in capital mobilization, thus the management board considered to approve the progress of 34 projects./.