HCM City lures over US$3.8 billion to industrial parks

Ho Chi Minh City’s export processing zones and industrial parks have drawn more than US$3.8 billion in investment from the outset of the year.

According to the HCM City Export Processing and Industrial Zones Authority (HEPZA), foreign investment made up US$2.4 billion of the total, with 133 new foreign-invested projects registering over US$1 billion, and 106 existing projects recording capital increases totaling US$1.33 billion.

Meanwhile, domestic investment topped US$1.4 billion, including 74 new projects worth more than US$1.1 billion, and 35 expansions adding US$298.5 million.

Geographically, Ba Ria – Vung Tau, before its merger into HCM City, emerged as the standout performer, attracting over US$2 billion in total investment and exceeding its annual target of US$1.88 billion. Foreign investment in this coastal area reached more than US$1 billion through 23 new projects worth US$421.3 million and 17 expanded ones adding US$879.7 million. Domestic investment contributed nearly US$778.5 million through 18 new ventures and 10 capital increases.

Meanwhile, the pre-merger Binh Duong attracted more than US$1.4 billion, or 115% of the yearly target, with over US$1 billion in foreign investment and some US$359.4 million in domestic capital.

The former HCM City area recorded US$349.37 million in total investment, achieving just 58.23% of its target. That consisted of over US$55.5 million in foreign investment and US$293.8 million in domestic one.

HEPZA said that the city’s export processing zones and industrial parks now host over 5,700 active investment projects. The total registered capital exceeded US$74.8 billion, with foreign investors dominating the portfolio by injecting US$56 billion in over 3,500 projects.

Earlier, Deputy Prime Minister Tran Hong Ha signed a decision establishing HEPZA through merging the industrial zones authorities of Ba Ria – Vung Tau, Binh Duong, and HCM City.

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