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Ho Chi Minh City: More Than 4,500 Hectares Of Land Serving Industrial Parks And EPZs

Industrial area in Ho Chi Minh

On 29-9, HCM City Export Processing and Industrial Zones Authority (HEPRO) organized a seminar to develop the industrial parks, export processing zones (EPZs) in Ho Chi Minh City by 2025 with a vision to 2030.

Attending the ceremony were HCM City Party Secretary Nguyen Thien Nhan; Representatives of Ministry of Planning and Investment, leaders of Ho Chi Minh City People’s Committee …

After 25 years of construction and development, so far Ho Chi Minh City has three EPZs and 16 industrial zones were established with a total area of 4,532ha; of which 17 EPZs, IPs have been operating. To date, the EPZ-IP has achieved certain results. It has attracted a large amount of investment in industrial production, technical infrastructure and services for industrial production; create the export turnover for the city. The results have attracted new technology and advanced management experience from abroad creating jobs for workers in cities and provinces.

Industrial area in Ho Chi Minh
It is difficult to develop industrial parks and export processing zones in Ho Chi Minh City

At the same time, contributing to promoting the socio-economic development of the city, turning the marshland, low agricultural productivity into industrial areas, economic, cultural and social development; contributing to increase the budget revenue of the city.

At present, in the development process, there are some challenges for the EPZs. That is the majority of investment projects with small scale, the number of projects with advanced technology, the amount of gray matter, high added value accounted for a small percentage.

Since 2004, the EPZs have focused on attracting investment in high-tech and knowledge-intensive industries, focusing on four key industries and industries according to the policy of the city. However, the results have not been strong breakthroughs, not attracted projects with large capital and spillover scale.

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