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Tuesday, June 6, 2023

New investment capital in HCMC’s industrial parks rises by 21% in Q1

By T.Dao

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HCMC – Fresh investment capital in HCMC’s export processing zones and industrial parks reached US$90.14 million in the first quarter of the year, growing over 21% year-on-year and reaching 16.39% of the year’s plan.

New foreign investment approvals amounted to around US$48.8 million, a two-fold increase over the same period last year, according to the HCMC Export Processing and Industrial Zones Authority (HEPZA).

Among those, four projects received new investment certificates with total registered capital of US$2.17 million, while five projects added US$46.63 million.

Total domestic investment capital in HCMC’s export processing and industrial zones reached over US$41.35 million, down 15.8% compared to the same period in 2022.

The January-March period saw 18 projects put into operation, six under construction, two terminated and one suspended due to a lack of orders and capital.

HCMC will continue measures to attract investment into industrial parks and deal with difficulties in establishing new projects.

HEPZA will organize more dialogues between the management board and businesses to assist them in overcoming difficulties and obstacles in the production process in the second quarter.

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