HCM City industrial zones attract USD480 million

Industrial Parks (IPs) and Export Processing Zones (EPZs) in Ho Chi Minh City have attracted more than USD480 million in investment over the past nine months, double last year's figure for the same period.

Industrial Parks (IPs) and Export Processing Zones (EPZs) in Ho Chi Minh City have attracted more than USD480 million in investment over the past nine months, double last year's figure for the same period.

Of the figure, foreign investment capital contributed USD341.39 million, an increase of 114.27 percent, said the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA).

Japan has taken the lead among foreign investors with USD31.95 million. It is followed by Singapore with USD16.75 million; Australia with USD9.8 million; and Taiwan, USD3.5 million.

Meanwhile, domestic investment fell 15.69 percent to USD138.8 million in the reviewed period.

By the end of September, the city’s IPs and EPZs had been home to 1,263 valid projects capitalising at USD7.49 billion. In total, 502 of these, worth USD4.53 billion, are foreign invested.

Exports of IPs and EPZs were up 6.2 percent to USD3.4 billion in the January-September period while imports fell 10.7 percent to USD2.5 billion.

The continuing economic downturn, which led to contract deficiency, and the increasing costs of input materials were attributed to the decline./.

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