Industrial and export processing zones in HCM City attract $233 mln of FDI in 10M

Industrial parks (IPs) and export processing zones (EPZs) in Ho Chi Minh City attracted $233 million of FDI capital in the first ten months of the year, up 25.4% compared to the same period last year, according to the HCM City Exporting Processing and Industrial Zones Authority (HEPZA).

Of which, there were 14 new FDI projects with a total registered capital of $15.3 million.

Meanwhile, they lured over VND3.43 trillion ($134 million) from domestic investors, including more than VND1.82 trillion ($72 million) registered 26 new projects.

The southern city is now home to 17 IPs and two EPZs, spanning over a total area of more than 5,000 hectares. It hosts nearly 1,700 valid projects with total registered capital of $12.41 billion, 55% of which was injected by foreign firms.

In order to attract more investment for IPs and EPZs, the city plans to develop additional 800 ha of industrial land.