HCM City targets 8.5 mln USD per ha in export processing, industrial zones
The management board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza) has set a target to attract 550 million USD in investment capital this year, averaging 8.5 million USD per ha.
HCMCity (VNA)♏ – The management board of the Ho Chi Minh City ExportProcessing and Industrial Zones Authority (Hepza) has set a target to attract 550 million USD in investment capital this year,averaging 8.5 million USD per ha.
Concurrently,the board aims to finalise the pilot conversion project for Tan Thuan ExportProcessing Zone, along with Tan Binh, Cat Lai, Hiep Phuoc, and Binh Chieuindustrial parks (IPs); and build 25,000 sq.m of high-rise workshopspace. Todraw more capital, Hepza will work more closely with the municipal Departmentof Planning and Investment to propose investment criteria for approval by themunicipal People's Council, specifically tailored for export processing zonesand IPs. It will also undertake a project outlining development orientationsfor these zones and IPs in Ho Chi Minh City for the 2023-2030 period, with avision extending to 2045. Hepza Director Hua Quoc Hung emphasised the focus onadministrative reform, aiming to improve the PublicAdministration Reform Index (PAR INDEX), the Departmental, Sectoral andLocal Competitiveness Index (DDCI), and the Digital TransformationIndex (DTI). Theboard is committed to intensifying efforts in electronic payment, documentdigitisation, and ensuring that at least 70% of all administrative proceduresare conducted online. Specialattention will be given to supporting firms in line with the city's regulationson interest rates, especially for projects in priority sectors. Businesseswithin export processing zones and IPs will be linked with industryassociations, and regular dialogues between the board and firms conducted to address any challenges they encounter, Hung said. Accordingto him, social resources will be pooled to provide care for workers andmaintain security an order in export processing zones and IPs, making themattractive to more investors./.
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At Tan Thuan Export Processing Zone (Photo: VNA) 
