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Saturday, May 18, 2024

Investments in HCMC industrial parks double in Q1

By Minh Anh

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HCMC – New investments in industrial parks in HCMC in the first quarter of this year rocketed 112% year-on-year to US$192 million, according to the HCMC Export Processing Zone and Industrial Park Authority (HEPZA).

Fresh foreign investments accounted for US$176.7 million, up 3.6-fold over the same period last year. In contrast, new domestic investments dropped by 63.15% against quarter one of this year to US$15.23 million.

Hua Quoc Hung, head of HEPZA, attributed the growth to stable operations within the industrial parks, with many previously struggling enterprises seeing a resurgence in orders.

Exports from the industrial parks in the first quarter were estimated at US$2.17 billion, rising 6% versus the same period last year.

Around 277,000 employees are working in these parks, a 10% rise from the end of the previous year.

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