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Update news export processing zones
HCM City authorities plan to offer competitive land rents and other incentives at industrial parks (IPs) and export processing zones (EPZs), and earmark more lands for building infrastructure to attract investment.
Many industrial parks and export processing zones in HCM City lack sufficient infrastructure since authorities’ failure to pay compensation for lands has meant they have been unable to acquire and clear them.
To attract more investment, especially from overseas, HCM City needs to renovate and reform its export processing zones (EPZs) and industrial parks (IPs), Tran Quang Truong, general director of Tan Binh Industry Park said.
VietNamNet Bridge – Ministry of Industry and Trade’s Planning Department head Nguyen Sy Chung argues that foreign-invested enterprises (FIEs) will be in a better position thanks to the ministry’s new Circular