According to Hua Quoc Hung, Director of the Management Board of Ho Chi Minh City Export Processing Zones and Industrial Park Authority (HEPZA), the stability in the direction of the economy for more than a month has helped foster the investment inflow into the southern city.

The investment capital in IZs in the locality, both new and additional investment, has so far this year reached 437 million USD, representing 80 percent of the year’s plan.

After the period of social distancing for Covid-19 pandemic prevention and control, a number of new foreign investors have contacted the management board to inquire into the investment licensing process and land leases for building new factories with large capital. He said one of those potential investors is looking to pour about 200 million USD in a lithium battery production project which would cover 15 hectares in the northwest industrial park of the city.

Nguyen Van Be, President of the Association of Enterprises of Export Processing and Industrial Zones of Ho Chi Minh City, said the companies are ready to adapt to the new situation by ensuring the pandemic prevention and control measures are in place.

The city's export processing zones and industrial parks are home to 1,652 valid investment projects with a total registered investment capital of 11.49 billion USD, including 556 FDI projects with registered capital of 6.63 billion USD.

According to HEPZA, enterprises located in the city's EPZs and IPs earn 7 billion USD in export turnover and contribute 32 trillion VND to the State Budget each year.

Yen Dung urgently controls Covid-19 infections at Noi Hoang Industrial Cluster

(BGO) - Immediately after detecting six Covid-19 cases (F0s) related to a company at the Noi Hoang Industrial Cluster (IC), the Steering Committee for Covid-19 Prevention and Control in Yen Dung district, Bac Giang province has implemented many measures to zone off affected areas and control disease spread.

Bac Giang ensures sufficient power supply for industrial production

(BGO) – The northern province of Bac Giang has been approved for new industrial parks and clusters as well as expanded ones. To meet the power demand for industrial production, the competent agencies has accelerated the investment to construct local power grid system. 

Bac Giang focuses on controlling industrial park outbreak

(BGO) - Le Anh Duong, Chairman of the provincial People's Committee, deputy head of the Standing Board of the provincial Steering Committee for Covid-19 Prevention and Control, and Commander of the provincial Covid-19 Command Center, hosted an online conference with representatives of 10 districts and city on November 16.

Detailed construction planning of Lan Son 2 industrial cluster, Luc Nam district approved

(BGO)- The provincial People’s Committee of Bac Giang province has decided to approve the detailed construction planning of Lan Son 2 industrial cluster in Luc Nam district, Bac Giang province (1:500 scale).

Viet Yen focuses on inspecting and taking samples of high risk cases working at industrial park

(BGO) – Relating to Covid-19 infected and suspected cases in a company Viet Yen district (Bac Giang province), the local authority has enhanced solutions to strictly control over the risk of infection in the boarding house.  

Source: NDO/VNA