HCM City is still attractive to investors despite COVID-19 pandemic
Employees work at Dai Dung Metallic Manufacture Construction and Trade JSC at An Ha Industrial Park in Ho Chi Minh City’s Binh Chanh district. (Photo: VNA)
The Management Board of HCM City Export Processing Zone and Industrial Park Authority (HEPZA) on November 12 said the investment inflow into the city's industrial zones has shown many positive signs.
The investment capital in IZs in the locality, both new and additional investment, has so far this year reached 455 million USD, equaling 83 percent of the year’s plan.
According to Hua Quoc Hung, head of the HEPZA, a number of new foreign investors have also contacted the management board to inquire into investment licensing process and land leases for building new factories with large capital. He said one of those potential investor is looking to pour about 200 million USD in a lithium battery production project which would cover 15 hectares in the northwest industrial park of the city.
After the period of social distancing for COVID-19 pandemic prevention and control, businesses have gradually adapted to production in the new normal situation in line with the guidance of the Ministry of Health, Hung said.
As many as 1,355 enterprises or 96 percent of those operating in industrial parks in the city have resumed operations, drawing more than 230,500 workers back to work, who represent 80 percent of the total number of labourers at the local IPs.
Currently, the city's export processing zones and industrial parks are home to 1,652 valid investment projects with a total registered investment capital of 11.49 billion USD, including 556 FDI projects with registered capital of 6.63 billion USD.
According to HEPZA, enterprises located in the city's EPZs and IPs earn 7 billion USD in export turnover and contribute 32 trillion VND to the State Budget each year./.
Related News
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Vietnam owns significant advantages in attracting FDI
15:24 | 29/03/2024 Import-Export
The Minister of Finance chaired the Vietnam - Korea Financial Investment Promotion Conference
10:19 | 09/03/2024 Finance
Many real estate businesses face difficulties of cash flow
14:41 | 04/03/2024 Import-Export
Latest News
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
More News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Export turnover of two agricultural product groups grows three-digit
18:10 | 21/04/2024 Import-Export
Your care
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export