HCM City IPs eye US$550 million in investment
(VOV) - HCM City aims to attract US$550 million to its industrial parks (IPs) and export processing zones (EPZs) in 2014, an increase of 10% over 2013.
The city encourages businesses to invest in key high technology and support industries, primarily in mechanics, electronics-informatics, chemicals, and food processing.
The Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza) is required to work closely with relevant agencies to speed up infrastructure construction at newly-established IPs.
Hepza is currently working on the Vietnam-Japan technology centre project at Hiep Phuoc IP in order to receive investment from small and medium Japanese businesses.
The centre provides not only workshops for production but also other convenient services such as employment recruitment, investment consultancy, accounting, employee training, and management consultancy. Municipal leaders have asked Hepza to replicate the model to other IPs in the city.
Last year businesses mostly invested in industrial production, pharmaceuticals, plastics and chemicals in these IPs and EPZs.