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.
Although the world economic situation was not so bright in 2022, foreign direct investment (FDI) capital flowed strongly to the Southeast region, with HCMC and Binh Duong leading with US$3.94 billion and $3.14 billion respectively.
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.
The People's Committee of Ho Chi Minh City held a seminar to collect opinions on the Project on Orientation for the Development of Export Processing Zones and Industrial Parks (EPZs-IPs) in HCMC in the 2025-2030 period and a vision to 2040 on August 11.
A ceremony honoring 248 workers’ outstanding families who overcame difficulties and challenges to build a happy family for child wellbeing and development was held at Dam Sen Cultural Park in HCMC’s District 11 on July 3.
Representatives of 20 enterprises in export processing zones and industrial parks (EPZs-IPs) and four commercial banks signed and re-signed credit contracts worth more than VND4.66 trillion (US$200 million) at a recent conference to connect banks and businesses.
1,425 enterprises are operating in 17 industrial parks and export processing zones in Ho Chi Minh City with nearly 272,000 workers. From the beginning of the year until now, the Ho Chi Minh City Export Processing Zone and Industrial Park Authority (Hepza) has recorded 157 new cases of Covid-19.
Nearly all companies sited in major industrial parks of Ho Chi Minh City excitedly resume their operation one month after the city had stopped its lock-down period. With over 300,000 employees in total, many of them are working overtime until Tet holiday to fulfill their orders. Simultaneously, leaders of these enterprises are carrying out suitable activities to care for their own workers.
Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) yesterday informed that 1,440 out of 1,497 enterprises in 18 export processing zones and industrial parks in the city have restarted their operation.
After the fourth Covid-19 pandemic, more than 1.3 million workers have returned to work in Ho Chi Minh City. Many enterprises have been urgently recruiting workers to resume operations in the new normal period and prepare orders for the Lunar New Year. The labor market is vibrant in the unskilled, mid-level, and senior labor segments.
After more than half a month of loosening social distancing, Ho Chi Minh City records that 60 percent of enterprises have restored production with a scale of up to 83 percent. The relaxation of social distancing, along with the resumption of the transportation system from the city to other provinces, has created favorable conditions for enterprises to speed up production.
Ho Chi Minh City has witnessed a significant architectural growth, turning it into a more modern mega city. However, there still exist hundreds of suspended land projects that have negative impacts on land management performance. In order to handle inadequacies and overlaps of the current land law and better answer the development demands, it is necessary that the Government review and adjust the 2013 Land Law.
Many businesses in HCMC have re-operated since October 4. Their priority works are cleanliness and organization in the workplace as well as connecting with partners to deliver orders that have been disrupted due to Covid-19 pandemic.
The Department of Transport of Ho Chi Minh City, on the afternoon of September 24, informed that it had just submitted to the municipal People's Committee a plan to coordinate with provinces to welcome workers back to the city.
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.
Speaking at the inspection of epidemic prevention and control activities at the businesses that have implemented "three on the spot" work arrangement to ensure social distancing and safe production in Binh Tan and Binh Chanh districts on August 1, HCMC People's Committee Vice Chairman Duong Anh Duc asked the Export Processing zone and Industrial Park Authority (HEPZA) and districts’ local authorities to work with enterprises to vaccinate their staff in August.
By the afternoon of July 13, Ho Chi Minh City has 15 out of 16 export processing zones and industrial parks (EPZs-IZs) and the Saigon High-Tech Park (SHTP) hit by the Covid-19 pandemic. Many enterprises have had to suspend production activities, affecting the guarantee of delivery time, especially export orders.
The People’s Committee of Thu Duc City (in Ho Chi Minh City) yesterday released a formal document to all enterprises here regarding their operation during the time applying Directive 16 of the Prime Minister about Covid-19 prevention and control.