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.
Facing the global investment shift, Ho Chi Minh City is building well the infrastructure in industrial parks, export processing zones to welcome the new waves of foreign investment.
Ho Chi Minh City is planning to set up a 26,000ha economic zone to the south, which is expected to house industrial parks, urban areas, and many associated services.
Vice Chairman of HCMC People’s Committee yesterday delivered the project permit of ‘Viettel Data Storage Service and Hi-tech Research Center’ to Viettel Group.
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.
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 Global Minimum Corporate Tax was mentioned and started affecting the investment environment worldwide ten years ago, but it has been brought up a lot in Vietnam recently.
Aware of the possible dangers pose by small production facilities inside residential areas, the municipal authorities have offered aid in relocation tasks.
As drought sapped hydropower plants countrywide, Ho Chi Minh City attempted to save electricity. The city’s efforts in saving electricity were rewarded as from May 16, 2023, it has saved 10.2 million kWh of electricity.
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’.
Vietnam International Arbitration Center, the HCMC Institute of Development Research yesterday hosted the forum ‘Global Minimum Tax – Prospects & Challenges to Attract FDI in HCMC’.
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.
Decree No.45/2022 by the Government on amendments for Decree No.155/2016 and Decree No.55/2021 (both regarding punishments for administrative violations on environment protection) will come into effect on August 15, 2022. SGGP Newspaper has conducted an interview with Deputy Director of the Ho Chi Minh City Department of Natural Resources and Environment Nguyen Thi Thanh My on these amendments and the implementation plan of the city this month.
The Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza) said that the land fund dedicated to attracting investment in export processing zones and industrial parks was gradually narrowed down as the current industrial zones are fully operated.
