Investment Inflow to HCM City IPs, EPZs Forecast to Double Next Year: HEPZA
The Export Processing and Industrial Zones Authority (Hepza) forecast to pull in $1.4 billion in its Industrial Parks (IPs) and Export Processing Zones (EPZs) in 2011, doubling against from 2010.
Local IPs and EPZs have attracted a total of $775 million in 2010, up 123% from a year earlier, including $255 million from foreign-invested projects.
The projects mainly focus on electronics, mechanics, household commodities, construction material, plastic and garment, the Hepza noted, adding that weak infrastructure and power shortage are still barriers for the projects, however.
Currently, Ho Chi Minh City, the Vietnamese southern economic hub, with 13 IPs and EPZs, has attracted 1,200 investment projects which created 255,000 jobs. (STD)
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