Export processing zones and industrial parks in Ho Chi Minh City will prioritise attracting investment in the support industry and high technology (Illustrative photo: Reuters)HCM City (VNA) – Export processing zones and industrialparks in Ho Chi Minh City will prioritise attracting investment in the supportindustry and high technology, officials of the Ho Chi Minh City ExportProcessing and Industrial Zones Authority (HEPZA) told the media on January 18.
Nguyen Thi Lan Huong from the authority said that in 2018, HEPZA targets900 million USD in investment, of which 60 percent is for the support industryand essential industries.
Huong said that that in the coming years, local export processing zonesand industrial parks will focus on transforming industrial structure, improvinggrowth quality and competitiveness of the city’s economy.
She also clarified four prioritised sectors for investment, namelymechanics-manufacturing, electricity-information technology, pharmaceuticalchemistry-rubber and food processing.
Meanwhile, Dao Xuan Duc, HEPZA Vice Director said that in order to lurebusinesses to local export processing zones and industrial parks, the authoritywill continue increasing activities to support new businesses, includingcutting administrative procedures and removing obstacles facing them. Theauthority will also help connect businesses in the zones with enterprises inthe city.
HEPZA will also complete technical and social infrastructure systems inexport processing zones and industrial parks to meet the requirements ofbusinesses and workers.
In 2017, HEPZA lured 840 million USD of investment, reaching 168 percentof the set target. As of the end of 2017, local export processing zones andindustrial parks hosted 1,495 valid projects worth nearly 10 billion USD.-VNA
Nguyen Thi Lan Huong from the authority said that in 2018, HEPZA targets900 million USD in investment, of which 60 percent is for the support industryand essential industries.
Huong said that that in the coming years, local export processing zonesand industrial parks will focus on transforming industrial structure, improvinggrowth quality and competitiveness of the city’s economy.
She also clarified four prioritised sectors for investment, namelymechanics-manufacturing, electricity-information technology, pharmaceuticalchemistry-rubber and food processing.
Meanwhile, Dao Xuan Duc, HEPZA Vice Director said that in order to lurebusinesses to local export processing zones and industrial parks, the authoritywill continue increasing activities to support new businesses, includingcutting administrative procedures and removing obstacles facing them. Theauthority will also help connect businesses in the zones with enterprises inthe city.
HEPZA will also complete technical and social infrastructure systems inexport processing zones and industrial parks to meet the requirements ofbusinesses and workers.
In 2017, HEPZA lured 840 million USD of investment, reaching 168 percentof the set target. As of the end of 2017, local export processing zones andindustrial parks hosted 1,495 valid projects worth nearly 10 billion USD.-VNA
VNA
