The total investment capital in Ho Chi Minh City’s export processing and industrial zones last year reached over US$1 billion, representing the highest figure recorded in more than 30 years.

This information was released at a press conference held on the morning of January 24. 

Specifically, more than 30 years on since its establishment, the southern city’s industrial parks have attracted between US$480 million and US$500 million in investment capital, even up to US$800 million.

Last year, total investment capital, including newly and adjusted-capital in industrial parks hit US$1.012 billion, representing an increase of 84% against the same period from 2022. 

Of this, FDI capital was recorded at nearly US$223 million with 16 new projects and 34 adjusted-capital projects.

Domestic investors also poured more than US$789 million into industrial parks, including 46 new projects and 20 increased-capital projects.

According to officials of the Ho Chi Minh City’s Industrial and Export Processing Zones (Hepza), the sharp rise in investment capital in the southern metropolis is attributable to the fact that the existing businesses have moved to adjust and increase capital, with a specific focus on areas such as high technology, mechanical engineering, and telecommunications. 

Moreover, many firms also injected money into improving technology, optimising production lines and machinery as a means of meeting the city’s requirements for digital transformation.

Ho Chi Minh City, currently boasts 17 valid industrial and export processing zones, attracting nearly 1,700 projects and employing over 252,000 workers. 

Businesses in the IPs contributed over VND23,000 billion to the budget, accounting for 5.25% of the city’s total budget revenue. This year, Hepza aims to attract US$550 million in investment capital with each hectare luring an average of US$8.5 million. 

VOV