HCM City aims to attract investment in support industry, high technology
Export processing zones and industrial parks in Ho Chi Minh City will prioritise attracting investment in the support industry and high technology, officials of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) told the media on January 18.
Nguyen Thi Lan Huong from the authority said that in 2018, HEPZA targets US$900 million in investment, of which 60% is for the support industry and essential industries.
Huong said that that in the coming years, local export processing zones and industrial parks will focus on transforming industrial structure, improving growth quality and competitiveness of the city’s economy.
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| Export processing zones and industrial parks in Ho Chi Minh City will prioritise attracting investment in the support industry and high technology (Illustrative photo: Reuters) |
She also clarified four prioritised sectors for investment, namely mechanics-manufacturing, electricity-information technology, pharmaceutical chemistry-rubber and food processing.
Meanwhile, Dao Xuan Duc, HEPZA Vice Director said that in order to lure businesses to local export processing zones and industrial parks, the authority will continue increasing activities to support new businesses, including cutting administrative procedures and removing obstacles facing them. The authority will also help connect businesses in the zones with enterprises in the city.
HEPZA will also complete technical and social infrastructure systems in export processing zones and industrial parks to meet the requirements of businesses and workers.
In 2017, HEPZA lured US$840 million of investment, reaching 168% of the set target. As of the end of 2017, local export processing zones and industrial parks hosted 1,495 valid projects worth nearly US$10 billion.
