Export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City attracted over US$90.1 million worth of capital in the first quarter of 2023, increasing by 21.36 percent year-on-year and fulfilling 16.39 percent of the yearly plan.
The Vietnam General Confederation of Labor suggested considering consideration for the price frame of medical examination and treatment services, even for private medical examination and treatment facilities to protect patients’ interests.
Ho Chi Minh City has been able to attract much investment and offer jobs for millions of laborers during its 30 years trying to establish and develop export processing zones and industrial parks (EPZ-IPs). However, along with the urbanization process, these EPZ-IPs have gradually shown inadequacies in infrastructure planning that need addressing for a more sustainable growth.
Along with the achievements in socio-economic development, Ho Chi Minh City is facing many challenges in terms of environmental pollution from its economic growth and urbanization process. Accordingly, the southern metropolis has been making efforts to build environmentally friendly city as protecting the environment is essential to sustainable economic growth.
The municipal authorities will build a development plan of export processing zones and industrial parks in the next 10-20 years, said Vice Chairman of the HCMC People’s Committee Vo Van Hoan in the live broadcast of “People asked – The City answered” program on May 8.
Ms. Nguyen Thi Le, Chairwoman of the People's Council of Ho Chi Minh City, requested to focus on accelerating the implementation of the social housing development plan for the 2021 – 2025 period with the target of developing an additional 2.5 million square meters of floor areas, equivalent to about 35,000 apartments.
Access to housing for low-income people is often problematic while the demand for affordable social housing among low-income earners is massive. To solve this need, Ho Chi Minh City as well as other localities focus on housing development solutions to help workers’ and employees’ dream come true.
Every year after the Tet (Lunar New Year) holiday, many businesses face a serious shortage of workers. Last year, due to the impact of social distancing orders, enterprises struggled with a shortage of labor. Therefore, the need to prepare the workforce for the post-Tet period is even more urgent.
Industrial activities in Ho Chi Minh City are facing many challenges in terms of infrastructure, as existing industrial parks (IZs) gradually fill up the leased land area, whereas new IPs are slowly established. Up to now, the city has only about 300 hectares of land in industrial zones that can be leased and exploited.
The sincerest expectation of businesses when the economy is finally allowed to reopen again is to be given the right to autonomy and self-reliance, whereby businesses will be fully responsible for further prevention of the pandemic as well as run their own business operations.
The Ministry of Planning and Investment yesterday said the Government should allow enterprises to actively deploy production and business plans suitable with their own circumstance and reconsider the "3-on-site" model due to high operating costs.
The Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza), on August 21, issued an urgent document No.2428 on strengthening some measures to prevent and control the pandemic in export processing zones and industrial parks in the city.
While chairing an urgent online meeting with 63 provinces and cities on strengthening the prevention of the Covid-19 epidemic in industrial and commercial establishments yesterday, Minister of Industry and Trade Nguyen Hong Dien ensured the supply of essential products under any circumstances in the coming time.
Ho Chi Minh City’s authorities plan to offer competitive land rents and other incentives at industrial parks (IPs) and export processing zones (EPZs), and earmark more land for building infrastructure to attract investment.
Ho Chi Minh City education sector has spent VND14 billion (US$604,922) on re-arranging nursery schools in industrial parks and export processing zones.
The risk of a new outbreak of Covid-19 in Europe and the US has been raising concerns that supply chains of raw materials for production will break again. Therefore, foreign direct investment (FDI) enterprises that manufacture end products in Vietnam have been accelerating their capacity to expand domestic supply chains.
As of early September this year, the total foreign investment in Vietnam reached US$19.5 billion, down 13.7 percent over the same period last year. However, among 1,797 newly-licensed projects, the registered capital reached $9.7 billion, up 6.6 percent in registered capital over the same period last year. This shows that the new-generation investment attraction policies have been gradually brought into play.