Investment in HCMC’s industrial zones tops US$190 million in Q1

Industrial and export processing zones in HCMC attracted US$191.93 million in investment in the first quarter, equivalent to 34.9 percent of the target for 2024 and 112.12 percent higher than the figure in the same period last year.

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Illustrative photo (Photo: SGGP)

Of the total sum, foreign investment stood at US$176.7 million, rising 3.6-fold from a year earlier. Meanwhile, domestic investment fell 63.15 percent to VND352.42 billion (US$14 million).

Head of HEPZA Hua Quoc Hung said that in Q1, businesses based in local export processing and industrial zones operated stably. Many got orders again after facing difficulties for a long period.

Businesses in the zones posted an estimated export turnover of US$2.17 billion in Q1, up 6 percent over the same period last year. They employed about 277,000 workers, an increase of 10 percent against the end of 2023, he noted.

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