The HCMC People's Committee has instructed relevant agencies to incorporate social and worker housing projects into the city’s investment stimulus program and streamline administrative procedures.
Because of clear recognition of the shortcomings in export processing zones and industrial zones (EPZs-IZs), the People's Committee in Ho Chi Minh City has assigned the Export Processing zone and Industrial Park Authority (HEPZA) to develop a ‘Project for the development of EPZs and IZs in the southern largest city towards efficiency and innovation for the period of 2021-2025 and a vision to 2030’.
Increased foreign investment attraction has in recent years continuously created great opportunities for domestic enterprises to join the global supply chain. However, many businesses said that they still need assistance.
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.
At an international seminar on experiences in calling for investment and management of high-tech supporting industrial parks yesterday, participants said it is necessary to create a symbiotic ecosystem for supporting technology enterprises that apply high technology to deeply integrate into the global supply chain.
The People’s Committee in the Southern Province of Ba Ria – Vung Tau has announced that it is stepping up the completion of paperwork to establish three industrial parks in the province for 2021-2025 period.
In the last few months, Ho Chi Minh City ((HCMC) has wrapped up many essential ground and water traffic projects to better serve transport demands of its residents.
In the first quarter of this year, domestic and foreign investment capital flow still poured heavily into export processing zones and industrial parks in Ho Chi Minh City which shows that the city is a safe destination for the investment of enterprises.
The Southern Province of Dong Nai has been considering to halt opening of additional industrial parks in Bien Hoa Town and Long Thanh and Nhon Trach districts.