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Saturday, June 22, 2024

HCMC attracts US$177 million in industrial investments

The Saigon Times

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HCMC – HCMC’s export processing and industrial zones secured nearly one-third of their annual investment target in the first two months of the year, attracting around US$177 million, according to the HCMC Export Processing Zone and Industrial Park Authority (HEPZA).

Foreign investments dominated the total figure, amounting to US$174.19 million, with US$4.84 million stemming from two new projects and three others receiving capital adjustments. In particular, investment capital for the Green Planet project rose by US$158 million in this period.

Domestic investment capital in HCMC’s export processing and industrial zones totaled VND22.42 billion, equivalent to US$0.97 million. This includes two new projects with registered capital of VND11.2 billion and one adjusted project with a capital increase of VND10.52 billion.

In addition to attracting investment, HEPZA prioritizes environmental stewardship, infrastructure development, and proactive initiatives to minimize natural hazard risks impacting business operations, said Hua Quoc Hung, head of HEPZA.

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