HCMC industrial zones seek $900m this year
2018-05-24 15:07:17 / Vietnam HCM Pack Print Food
Viet Nam News HCM CITY — The HCM City Export Processing Zones and Industrial Parks Authority (Hepza) hopes to attract new investment worth US$900 million this year.
More than 60 per cent is targeted in four technology-oriented industries -- food processing, chemical-rubber, mechanical, and information technology and supporting.
A Hepza report said new investment in the city’s industrial parks and export processing zones last year topped $840 million, an increase of 68 per cent over 2016, most of it in those four industries.
As of last year, there were 1,495 projects in the IPs and EPZs with a combined capital of nearly $10 billion.
Đào Xuân Đức, deputy head of Hepza, said simplification of administrative procedures related to investment, labour and construction in the city including Hepza helped attract investments last year.
“Investors and enterprises have seen progress in [streamlining] procedures, so they continued their investment and many of them increased their investment.”
Investment by domestic companies was higher than foreign direct investment last year, he said, describing it as a “new thing.”
This year Hepza would continue to reform administrative procedures, he promised.
Hepza is working with the city’s Department of Science and Technology to deploy IT in investment and information management, he said.
The city plans to set up a facility in Bình Chánh District mostly for start-ups, he said.
Also this year, Hepza will continue to provide assistance to companies in the city’s industrial parks and export processing zones like introducing them to a city programme that helps them invest in various sectors and pointing to labour sources.
It will co-operate with relevant agencies to resolve strikes in time to avoid adverse effects on the investment environment.
It will also safeguard the benefits of workers in industrial parks and export processing zones. —VNS
Read more at http://vietnamnews.vn/economy/421478/hcmc-industrial-zones-seek-900m-this-year.html#u43ZfOst8tSmvgFZ.99
More News
- Postponement Announcement: The 9th Cambodia International Textile & Garment Industry Exhibition (CTG) CTG / 2024-03-04 14:50:53
- Postponement Announcement: The 9th Cambodia International Machinery Industry Fair (CIMIF) CIMIF / 2024-03-04 14:43:08
- A Whole New Business Platform for Thailand's PCB and Electronics Manufacturing Chain, Intelligent Asia Thailand Thailand PCB and Electronics Manufacturing Exhibition / 2024-02-29 11:18:22
- VTG is ahead, successfully addressing industry bottlenecks in textile transformation VTG - Vietnam Int'l Textile & Garment Industry Exhibition / 2024-01-16 10:15:19
- ANEX 2024: Register and Reserve Your Booth Now! Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:44
- TNFIA joined the 2023 Taiwan-Thailand Industrial Summit in Bangkok, introducing ANEX2024 to the Southeast Asian market Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:36
- Heading to the ANFA Conference in Hong Kong Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:28
- TNFIA President Jian was interviewed by Japan Nonwoven Reports, sharing Taiwan's experience and promoting ANEX2024. Asia Nonwovens Exhibition And Conference / 2023-12-28 13:38:20
- Book your booth at the 2024 Taiwan Wine & Spirits Festival in spring! TWSF in SPRING / 2023-12-08 09:57:07
- 2024 Taiwan Wine & Spirits Festival, where passion meets perfection! TWSF in SPRING / 2023-12-08 09:51:37
- Highlights of the Successful Conclusion of VietnamPlas 2023 Vietnam Plas (HCM) / 2023-12-07 15:59:11
- VietnamWood's Digital Path to Woodworking Excellence VIETNAMWOOD / 2023-11-08 18:19:34
- Apply your visit to Taiwan International Food Industry Show 2023 Taiwan Int'l Food Industry Show / 2023-10-27 11:45:13
- Apply your visit to 2023 Taiwan Wine & Spirits Festival Taipei Int'l Wine & Spirit Festival / 2023-10-27 11:38:49
- Apply your visit to Taiwan International Tea Expo 2023 Taiwan Int'l Tea Expo / 2023-10-27 11:35:03
- Apply your visit to Taiwan International Coffee Show 2023 Taiwan Int'l Coffee Show / 2023-10-27 11:30:06
- Booth registration for ATLife 2024 opens now! Assistive Technology for Life / 2023-10-24 16:07:50
- 【VietnamWood 2023】Profession and Entertainment ALL in ONE VIETNAMWOOD / 2023-09-23 11:02:52
- 【VietnamWood 2023】 Has a successful start VIETNAMWOOD / 2023-09-22 09:58:41
- 【VietnamWood 2023】Highly reputed by exhibitors VIETNAMWOOD / 2023-09-22 09:56:16