HCMC – HCMC aims to attract US$3.73 billion in investment to its export processing zones and industrial parks this year.
The target includes both new pledges and capital hikes. Of the total, US$600 million is expected for zones in the former HCMC areas, US$1.88 billion for those in former Ba Ria-Vung Tau Province, and US$1.25 billion for those in former Binh Duong Province, reported the Vietnam News Agency.
Le Van Thinh, head of the HCMC Export Processing and Industrial Zones Authority (HEPZA), said global economic uncertainty and ongoing trade tensions were causing investors to delay decisions. He cited supply chain shifts and increased protectionism as key factors.
HEPZA plans to focus on attracting high-tech, environmentally friendly, and value-added projects. Key sectors include semiconductors, microchips, biotechnology, and renewable energy.
The city will also support large-scale proposals and ongoing site surveys. Administrative procedures will be streamlined to ease investment.
Authorities plan to strengthen links between domestic and foreign-invested firms. They will also expand ties with business associations and chambers such as JETRO, EuroCham, and AmCham to reach potential investors.
HEPZA said it would monitor global developments to help businesses respond to emerging risks.
