HCMC prepares land to attract investors
|
According to Dang Huynh Mai, Deputy Director of the Ho Chi Minh City Department of Planning and Investment, the city has attracted US$3 billion in FDI this year. The real estate sector has taken the lead with 26 projects totaling US$225.9 million in registered capital (accounting for 42.7 percent of the total), followed by science and technology with 136 projects worth US$115.2 million (21.8 percent), and trade with 234 projects worth US$102.3 million (19.3 percent).
According to Takimoto Koji, Chief Representative of the Japan External Trade Organization (JETRO) Office in Ho Chi Minh City, the city’s investment environment still has problems, including traffic jams, flooding and environmental pollution, which are discouraging investors from investing in the city.
There are 16 export processing zones and industrial parks in HCMC, but their occupancy rate is lower than 70 percent. Enterprises operating in these zones and parks are unlikely to expand their production scale, while newly licensed businesses do not have sufficient land. The Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) says many businesses in the city’s export processing and industrial zones have not received land use right certificates despite having paid off land rent.
The city has established a working group to inspect the use of land and infrastructure development in export processing and industrial zones and suggested plans for about 1,000 hectares of land in 2020. The city has thought of building new high quality and competitive industrial parks for enterprises applying high and new technology.
The city selects investors for its projects through public, transparent bids, and builds connectivity between domestic and foreign-invested enterprises to create value chains and add value to its products for domestic consumption and export.
There are 8,568 ongoing FDI projects totaling US$45.63 billion in capital in Ho Chi Minh City. |
See also

IFC assists Vietnamese SMEs in expanding access to finance
22:55 | 21/03/2023 Economy

Norway supports Viet Nam to produce climate-smart rice
18:20 | 16/03/2023 Vietnam and other regions

China's reopening good news for Vietnamese exporters
06:00 | 13/03/2023 Foreign trade

Ministry betters business environment
13:00 | 11/03/2023 Economy

Favourable mechanisms needed to fuel domestic supporting industries
09:08 | 10/03/2023 Support industries

Apple develops production facilities in Viet Nam: Bloomberg
16:46 | 06/03/2023 FDI
See more news

Double rise in Viet Nam’s registered FDI in two months
06:03 | 03/03/2023 FDI

Q1 economic growth drivers
06:00 | 28/02/2023 Economy

Viet Nam vows to enhance negotiations on UK’s joining CPTPP
14:53 | 27/02/2023 Foreign trade

Vietnam’s logistics industry looks bright despite headwinds
11:28 | 24/02/2023 Economy

Turkey natural stone trade mission to Vietnam
15:55 | 21/02/2023 Economy

Nationwide production resumes after Tet holiday
13:00 | 21/02/2023 Economy

VN-Index to struggle at 1,060 points due to weak demand force
07:00 | 19/02/2023 Economy

More Vietnamese farm products exported to Europe
11:30 | 15/02/2023 Economy

PM holds roundtable discussion with Brunei energy, oil and gas firms
09:00 | 12/02/2023 Vietnam and ASEAN

PM urges focus on investment, export and consumption
06:00 | 10/02/2023 Policy

50th anniversary of Vietnam-Belgium diplomatic relations
07:00 | 22/03/2023 Infographic

Science, technology, innovation promoted to support national development
06:00 | 22/03/2023 Science - Technology

Seafood exporters swim against trade tide
06:00 | 22/03/2023 Major exports

IFC assists Vietnamese SMEs in expanding access to finance
22:55 | 21/03/2023 Economy

Airbus committed to expanding supply chain in Vietnam
14:23 | 21/03/2023 Support industries
Multimedia

50th anniversary of Vietnam-Belgium diplomatic relations
07:00 | 22/03/2023 Infographic

Amazingly beautiful Ninh Thuan
09:13 | 20/03/2023 Video

Tra fish exports hold promise after China reopens borders
07:00 | 20/03/2023 Infographic

Lao Cai Province welcomes first Chinese tourists after three years
08:49 | 17/03/2023 Tourism

Việt Nam's grilled bananas among world’s most delicious desserts
06:00 | 20/03/2023 Lifestyle

Animal feed industry asks for import tax reduction on raw materials
09:55 | 20/03/2023 Policy

Over 250 petitions submitted to authorities on fragility of petroleum regulations
18:07 | 16/03/2023 Policy

New legal documents in second half of February 2023
07:00 | 12/03/2023 Policy

Companies allowed to make bond payments with other assets
07:00 | 09/03/2023 Policy

Offshore wind energy an essential base load power source: official
14:30 | 20/03/2023 Energy

Uncorking bottlenecks for support industry development
06:00 | 18/03/2023 Industry

Da Nang greens textile-garment industry
13:00 | 17/03/2023 Energy

High cost of construction materials puts pressure on Việt Nam's construction industry
10:13 | 15/03/2023 Industry

US businesses exploring investment, business opportunities in Vietnam
10:01 | 21/03/2023 FDI

Da Nang hopes for further investment from RoK city
09:13 | 17/03/2023 FDI

Initiative speeds up investment disbursement
06:00 | 14/03/2023 Domestic investment

Hanoi builds synchronous policies to draw foreign investment
07:25 | 11/03/2023 FDI

Vietnam seeks response to corporate tax overhaul
06:00 | 20/03/2023 Finance-Banking

Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent
07:05 | 16/03/2023 Finance-Banking

Global Minimum Tax a head-scratcher for Vietnamese policymakers
06:00 | 13/03/2023 Finance-Banking

Program seeks to solve business capital needs
13:00 | 10/03/2023 Finance-Banking

Practical effective activities urged to mark World Water Day
10:03 | 20/03/2023 Environment

BKEET steams ahead with waste treatment
13:00 | 15/03/2023 Make in Vietnam

Tree planting campaign targets carbon neutrality
06:00 | 13/03/2023 Environment

Can Tho, USAID foster collaboration to mitigate climate change effects
09:00 | 11/03/2023 Environment

Science, technology, innovation promoted to support national development
06:00 | 22/03/2023 Science - Technology

Vietnam introduces automated sorting system
13:00 | 20/03/2023 Make in Vietnam

Domestic ICT firms well-positioned to reach out to the world
06:00 | 20/03/2023 Science - Technology

Innovation platforms boosting sustainable development announced
06:00 | 18/03/2023 Science - Technology

Transport infrastructure fund needed to enhance Southeast regional linkages
09:52 | 21/03/2023 Society

Hà Nội to build new bridge crossing Red River
07:00 | 19/03/2023 Metropolis

Hoa Binh, sustainable investment destination
13:00 | 16/03/2023 Province

Singapore-Vietnam project benefits more than 2,500 renal patients
14:50 | 14/03/2023 Metropolis

King Coffee and Tín Thành Group partner to build a tyre plant in the US
10:20 | 20/03/2023 Vietnamese Brands

Vietjet announces first direct air route between Vietnam, Queensland
18:33 | 16/03/2023 Companies

Vietnamese businesses attend Foodex Japan 2023
06:00 | 13/03/2023 Foreign trade

519 firms win Vietnamese High-Quality Goods Award
08:00 | 11/03/2023 Vietnamese Brands

Việt Nam's grilled bananas among world’s most delicious desserts
06:00 | 20/03/2023 Lifestyle

A dish to try beef-ore you go, Buôn Ma Thuột's famous beef in tamarind sauce
06:00 | 18/03/2023 Lifestyle

Indian community celebrates colour festival Holi in Vietnam
18:00 | 16/03/2023 Culture

Fireworks to light up Đà Nẵng's sky as international festival returns with a bang
06:00 | 16/03/2023 Entertainment

New discoveries at the Citadel of Hồ dynasty
06:00 | 21/03/2023 Tourism

Tram Tau: A remote slice of heaven
06:00 | 19/03/2023 Province

Developers seek to create theme park in Đắk Lắk
06:00 | 19/03/2023 Tourism

Lao Cai Province welcomes first Chinese tourists after three years
08:49 | 17/03/2023 Tourism