HCMC – The HCMC Export Processing and Industrial Zones Authority (HEPZA) has reported US$491.7 million in fresh investment approvals in the year to early December, a 51.43% drop compared to the same period last year.
This figure represents 89.4% of the annual target of US$550 million, which HEPZA is confident of achieving by year-end.
The city has leased 25.35 hectares of land and over 80,200 square meters of factory space, with an average investment of US$8.5 million per hectare.
Large-scale ongoing projects are expected to mobilize VND23.7 trillion in investment.
To attract more investors, HEPZA has proposed expanding industrial land by 800 hectares, focusing on high-tech industries. Plans include developing new phases of existing industrial zones such as Hiep Phuoc and Le Minh Xuan.
As part of the city’s 2021-2023 plan, with a vision to 2050, HCMC intends to add 2,465 hectares of industrial land across 10 new industrial parks. Efforts are underway to streamline land acquisition and investment selection processes to accelerate development.
