Ho Chi Minh City plans to attract US$550 million to industrial parks

Wednesday, 2014-02-19 18:21:05
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The management board of the Ho Chi Minh City Hepza granted investment certificates to ten projects of domestic and foreign businesses
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Nhan Dan – Ho Chi Minh City plans to attract a combined investment of US$550 million in industrial parks (IPs) and export processing zones (EPZs) in 2014, an increase of 10% over 2013.

The information was announced at a meeting to review 2013 and plan the 2014 tasks of the management board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza).

On the occasion, the management board of Hepza granted investment certificates to ten projects of domestic and foreign businesses, with a combined capital of US$250 million.

The city continues to encourage business investment in key high technology and support industries, primarily in mechanics, electronics-informatics, chemicals and food processing.

The management board of Hepza has worked closely with relevant agencies to speed up infrastructure construction at newly-established IPs.

Hepza is currently deploying the Vietnam-Japan technology centre project at Hiep Phuoc industrial park to attract investment from small and medium Japanese businesses in the field of high technology. The centre provides not only workshops for production but also other convenient services such as recruitment assistance, investment consultancy, accounting, employee training, and management consultancy.

Ho Chi Minh City’s leaders have asked the management board of the Hepza to replicate the model to other IPs in the city.