Investments in HCMC Economic Zones Up by 176 Percent
Jul. 23 – Economic and industrial zones investments in Ho Chi Minh City rose by 176 percent during the first half of the year reaching US$320 million.
More than 70 percent of investments made in the zones, approximately US$225 million, came from local investments. Companies located in the zones reported a total export turnover worth US$1.6 billion, an estimated 34 percent increase compared to the previous year.
Zone authorities are being encouraged by the local government to initiate projects that would attract more domestic and foreign investments. Preference will be given to companies establishing high-tech and environmentally-friendly businesses that produce a large amount of export products.
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