Investments to HCM City IPs, EPZs Jump 176% to US$391.55M in H1
Ho Chi Minh City-based industrial parks (IPs) and export processing zones (EPZs) attracted US$391.55 million from domestic and foreign projects in the first half of this year, up 176% from a year earlier.
Of the sum, US$99.11 million came from foreign projects and US$225.44 million from domestic ones, up 91% and 293% from a year ago, respectively.
Between January and June, local companies posted their export revenues of US$1.6 billion, up 34% from a year earlier.
To gain the results, the local authorities offered more incentives, including assistance for infrastructure, site clearance, land rentals, corporate income tax and labor training to call more both foreign and domestic investors.
Earlier; however, Ho Chi Minh City Export-Processing and Industrial Zone Managerial Board (HEPZA) revealed it plans to revoke licenses of 73 projects from now to late year for their sluggishness.
Hepza expects to pull in US$2 billion in its IPs and EPZs by 2015, with a half of the sum from the domestic source. (VNA)
Vietnamese
