Ho Chi Minh City attracts more than 490 million USD in industrial park investment

 The City’s Export Processing and Industrial Zones Management Board estimates that by the end of 2024, the total investment capital attracted will reach 550 million USD, reaching 100% of the annual plan.

According to the Ho Chi Minh City Export Processing and Industrial Zones Authority, as of early December 2024, the total investment capital attracted, including newly granted and adjusted projects, reached 491.70 million USD, reaching 89.40% of the annual plan, down 51.43% over the same period.

Land area for lease is 25.35 ha; factory area for lease is over 80,200 m2. Average investment is equivalent to 8.5 million USD/ha.

Currently, a number of large-scale investment projects in export processing zones and industrial parks are being implemented. When put into operation, they are expected to use an investment capital of about VND 23,700 billion.

The City’s Export Processing and Industrial Zones Management Board estimates that by the end of 2024, the total attracted investment capital will reach 550 million USD (100% of the annual plan) and by 2025, the total attracted investment capital is expected to reach 550 million USD.

To continue to effectively exploit the land and factory areas for lease, the City’s Export Processing and Industrial Zones Management Board also proposed to the Ho Chi Minh City People’s Committee solutions to form an additional 800 hectares of industrial land to attract investment in specialized industrial zones and high-tech industries. 

These include Hiep Phuoc Industrial Park Phase 2, Le Minh Xuan Industrial Park Expansion, Le Minh Xuan Industrial Park 2 and Pham Van Hai Industrial Park I and II.

Regarding the problems and difficulties related to the above industrial parks, the City’s Export Processing and Industrial Zones Management Board has also reported to the City People’s Committee and is coordinating with relevant departments to propose solutions to determine land prices, speed up site clearance and determine the organization of bidding to select investors.

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