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Industrial parks and export processing zones in Ho Chi Minh City are interested by foreign investors

This information was given by management agencies and experts at the seminar “Roadmap and notes for investors when investing in Industrial Parks and Export Processing Zones” organized by the Center for Trade and Investment Promotion of Ho Chi Minh City. Ho Chi Minh City (ITPC) in collaboration with Vietnam International Arbitration Center (VIAC) held on June 9.

The conference aims to support information on policies to attract and call for investment of industrial parks and export processing zones in Ho Chi Minh City to domestic and foreign investors.

Industrial park occupancy rate increased from 50% to 60-70%

Prof. Dr. Dang Hung Vo – Former Deputy Minister of Natural Resources and Environment, assessed that the distribution of industrial zones in Vietnam today is mainly still the Southeast region, including Ho Chi Minh City.

The first and large-scale industrial parks and export processing zones are concentrated in Ho Chi Minh City such as Tan Thuan Export Processing Zone considered as the first export processing zone was established in 1991. In 1992, Ho Chi Minh City had Linh Trung Export Processing Zone, in 1996 and 1997 consecutively 10 industrial parks of Ho Chi Minh City were established.

Industrial parks and export processing zones in Ho Chi Minh City are interested by foreign investors - Photo 1.

The occupancy rate in industrial parks and export processing zones increased from 50% to 60-70%. Photo: IPC

Following the Southeast region in terms of industrial park development are the Red River Delta, North Central Coast, South Central Coast, a number of provinces and cities in the Mekong Delta are also planning to develop. industrial area.

Mr. Dang Hung Vo said that investors, especially foreign investors, are interested in investing in industrial parks and export processing zones in Vietnam. This is reflected in the increasing occupancy rate in industrial zones.

According to him, if before the US-China tension, the occupancy rate in Vietnam’s industrial parks was only about 50%, then due to the demand for supply shifting, investors did not set up factories in China anymore. The occupancy rate of industrial zones in Vietnam increases to about 60%. In dynamic places like the Southeast, including Ho Chi Minh City, the occupancy rate can be up to 70%.

In addition, land rent in industrial zones also increased by about 15%. These are signs that investment in industrial parks and export processing zones in Vietnam is positive.

Supporting businesses to invest in industrial parks

Dr. Vu Tien Loc – Chairman of the Vietnam International Arbitration Center (VIAC), said that foreign investors are paying more attention to investing in Vietnam in the process of restructuring the supply chain, before the changes of the pandemic. disease, geopolitics.

According to Mr. Loc, Vietnam needs more institutional reform, solutions to upgrade services, and create favorable conditions for investors.

Industrial parks and export processing zones in Ho Chi Minh City are interested by foreign investors - Photo 3.

Foreign investors are focusing more on investing in Vietnam in the process of restructuring the supply chain. Photo: SHTP

Prof. Dr. Dang Hung Vo added that the market quality in the development of Vietnam’s industrial zones is still small, and there is a lack of incentive for market forces. Large industrial parks are still too few and lack sufficient infrastructure to develop key industries. In addition, the policy of integrating industrial parks with service zones and urban areas was determined too slowly, causing a lack of vitality for industrial zones.

Deputy Director of the Investment and Trade Promotion Center of Ho Chi Minh City (ITPC) – Mr. Nguyen Tuan, assessed that with his role as the economic locomotive of the whole country and the southern key economic region, with synchronous infrastructure, With the development of science and technology, a skilled workforce and a high level of professional knowledge, up to now, Ho Chi Minh City is one of the localities with the highest amount of FDI attraction with nearly 11,000 projects and a total of 11,000 projects. investment capital reached nearly 54 billion USD.

According to Mr. Tuan, when the economy reopens after the epidemic, the economy recovers like a compressed spring, investors are more interested in investing in industrial parks and export processing zones.

This unit will accompany businesses to support domestic and foreign investors and businesses when investing in industrial parks and export processing zones, not only in Ho Chi Minh City but also in other provinces.

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