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FDI attraction into industrial parks and export processing zones in Ho Chi Minh City doubled over the same period

In the first 6 months of 2024, the total investment capital attracted to export processing zones and industrial parks in Ho Chi Minh City reached nearly 272 million USD, accounting for about 50% of the year's plan. Of which, total foreign investment capital reached 199 million USD, increasing 2 times over the same period...


industrial parks and export processing zones in Ho Chi Minh City

According to the report of the Management Board of Ho Chi Minh City Export Processing Zones and Industrial Parks (Hepza), in the first 6 months of 2024, the total investment capital (foreign and domestic) including new and adjusted to 271.99 million USD, reaching 49.45% of the year plan (550 million USD), down 65.52% over the same period (788.85 million USD). The land area for rent reaches 5.05 hectares; the Factory area for rent reaches 24,907 m2.


According to Hepza, the bright spot in attracting investment in the first 6 months of 2024 is that total foreign investment (FDI) reached nearly 199 million USD, increasing 2 times over the same period last year. (97.54 million USD).



Of which, 10 new projects were granted with registered investment capital of 9.85 million USD, down 73.46% over the same period (37.12 million USD); 9 projects adjusted capital with an increased capital of 188.97 million USD (01 Green Planet project increased by 158 million USD), an increase of 3 times over the same period (60.42 million USD).


In the second half of this year, Hepza will continue to implement Pham Van Hai I industrial park with an area of ​​379 hectares and Pham Van Hai II industrial park with an area of ​​289 hectares. In addition, Hepza will also develop a pilot conversion project for 5 export processing zones and industrial parks including Tan Thuan, Tan Binh, Cat Lai, Hiep Phuoc, and Binh Chieu.

Regarding domestic investment, the total attracted investment capital reached 1,792.62 billion VND (equivalent to 73.17 million USD), down 89.42% over the same period (691.31 million USD). Of which, 9 new projects were granted with registered investment capital of 604.9 billion VND (equivalent to 24.69 million USD), down 96.23% over the same period (655.06 million USD); 11 adjusted projects, adjusted capital increased by 1,187.72 billion VND (equivalent to 48.48 million USD), up 33.75% over the same period (36.25 million USD).


Reporting on Hepza's operating results in the first 6 months of 2024, Ms. Nguyen Thi Lan Huong, Chief of Hepza Office, said that although the total investment capital attracted, including newly granted and adjusted, reached nearly 50% of the year's plan, Investment capital during this period decreased sharply by 65.52% compared to the same period last year.


Ms. Huong said the reason was due to a sharp decrease in the committed investment capital of domestic enterprises. Specifically, total domestic investment capital only reached nearly 73.2 million USD, down 89.42% over the same period last year. At this time last year, domestic investment capital increased very high due to a project with 620 million USD from Viettel.


Regarding business operations, according to Hepza, from the beginning of the year until now, businesses in the area have operated stably. By June 2024, industrial parks and export processing zones will have 1,715 valid investment projects with a total registered investment capital of 13.595 billion USD. Of which, foreign-invested projects are 561 projects, registered investment capital is 7.269 billion USD; Projects with domestic investment capital are 1,154 projects, with registered investment capital of 114,983.735 billion VND (equivalent to 6.326 billion USD).


“Many businesses previously had difficulties but now have orders again. As of June 30, the total number of workers working in export processing zones and industrial parks is 252,131 people (equivalent to the end of 2023). The export turnover of the city's export processing zones and industrial parks is estimated to reach 4.5 billion USD, up 7% over the same period in 2023," Hepza said.


According to statistics from the State Bank Ho Chi Minh City branch, by early June 2024, the credit program for businesses in industrial parks and export processing zones grew well, higher than the credit growth rate. shared. Outstanding credit loans for industrial parks and export processing zones in the area reached VND 221,699 billion, up 3.5% compared to the end of the year and up 8.9% over the same period.



Regarding the labor situation in industrial parks and export processing zones, Hepza's report said that by the end of June 2024, the total number of workers working in export processing zones and industrial parks will be 252,131 people (equivalent to the current period). end point 2023).


According to Hepza, the security and order situation in export processing zones and industrial parks in the first 6 months of the year was relatively stable. In the first 6 months of 2024, there were 02 collective labor disputes at ABA Commercial Solutions Joint Stock Company - Tan Tao Industrial Park, Astror Limited Liability Company (Saigon) - Linh Trung Export Processing Zone with 148 employees participating/387 total employees.


The reason is related to salary payment, KPI bonuses, and support money for employees when quitting. The Management Board has coordinated with relevant units to resolve the issue promptly, without delay, ensuring the implementation of benefits for employees.


(vneconomy.vn)




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