Industrial zones in Ho Chi Minh City strongly attract investment capital

In the first 5 months of 2021, attracting investment in export processing zones and industrial zones (EPZs-IZs) in Ho Chi Minh City. Ho Chi Minh City reached more than USD 236 million , up nearly 23% over the same period in 2020.

According to the Management Board of Industrial and Export Processing Zones of Ho Chi Minh City. Ho Chi Minh City (Hepza), despite being negatively affected by the Covid-19 pandemic, from the beginning of 2021 up to now, the total investment capital attracted including both new and adjusted levels of enterprises in the export processing zones (EPZ), industrial zones (IZs) reached USD 236.1 million , up 22.87% over the same period in 2020.

Specifically, attracting foreign investment capital (FDI) reached more than 125 million USD, up 2 times over the same period in 2020. In which, there are three new projects in the field of infrastructure and factories for lease in Hanoi. Linh Trung EPZ and Tan Phu Trung Industrial Zone with registered investment capital of USD 122.21 million  and 4 projects with adjusted capital increase by USD 2.8 million .

Besides, domestic investment attraction also continued to increase with a total investment capital of more than VND 2,569 billion, equivalent to USD 111.09 million . In which, there are 13 new investment projects with registered investment capital of more than VND 2,124 billion and 6 projects adjusted to increase capital with the total adjusted capital increased by nearly 445 billion VND.

It is suspected that the field of construction services for factories and warehouses for rent is the field that attracts a lot of attention from investors with a total investment capital of USD 147.34 million , accounting for nearly 69% of total investment in EPZs - industrial zones in the city. Ho Chi Minh. Next are the fields of pharmaceuticals, software, food...

To achieve the goal of attracting USD 500 million into EPZs and industrial zones in 2021, Mr. Hua Quoc Hung - Head of Hepza Department - said that Hepza continues to promote selective attraction, focusing on four key industries. with high technology content, less labor intensive, supporting industries, supporting services for industrial production. At the same time, priority should be given to selectively attracting investment in industries, fields and stages with high science and technology content and high added value based on high-tech industry and digital economy.

However, according to Mr. Hua Quoc Hung, currently the existing EPZs - IPs are gradually filling up, while the new IPs are slow to deploy due to obstacles in compensation for site clearance, legality of the investor and planning. .. will greatly affect the investment attraction process of Hepza in the near future. Therefore, Hepza has actively invited leaders of the city many times. Ho Chi Minh City worked and made recommendations to remove, hopefully by the end of 2021, there will be a new clean land fund. In the immediate future, Hepza accelerates the completion of legal procedures to form a new zone and solves problems with the remaining land fund to meet the needs of domestic and foreign investors.

Source: Industry and Trade Newspaper