return icon Vietnamnet.vn

IPs in HCM City nearly full

The existing industrial parks (IPs) in HCMC are nearly full as land available for lease is being exhausted, hindering the city’s industrial production expansion, according to the HCMC Export Processing and Industrial Zones Authority (HEPZA).

 

{keywords}
A view of an industrial park in HCM City. – SGT Photo: Le Hoang

In a report on the performance of the export processing and industrial zones in HCMC in 2021 and their plans for 2022, HEPZA said new IP projects are behind schedule while the existing IPs are almost fully occupied.

Projects to develop Le Minh Xuan 2 IP and expand the Le Minh Xuan, Vinh Loc and Tay Bac Cu Chi IPs have been moving at a snail’s pace due to obstacles in site clearance, the land handover and legalities.

In addition, some IP projects have been planned but have yet to be established, including the Vinh Loc 3 IP project and the third phase of the Hiep Phuoc IP project.

Investors of the Dong Nam and Tan Phu Trung IP projects have yet to get approval, so IP infrastructure developers have yet to clear the sites for IP projects, hand over the sites for resettlement areas or develop infrastructure facilities to serve workers and experts working at IPs.

Earlier, a HEPZA representative had expressed concern over possible challenges caused by the shortage of land at IPs and the Covid-19 pandemic, impeding the investment attraction.

Therefore, HEPZA set a target to attract US$500 million in investment in the industrial and export processing zones in HCMC this year, US$100 million lower than the investment in 2021.

In the future, HEPZA will provide legal consulting for the Pham Van Hai IP so that it can be put into operation.

To reach these targets, HEPZA will focus on improving the investment quality and efficiency, enhancing the pandemic response, strengthening the support for enterprises and reforming procedures, said HEPZA Chairman Hua Quoc Trung.

The 668-hectare Pham Van Hai IP will be established after the prime minister adds it to HCMC’s IP planning. HEPZA will also coordinate with districts, departments and agencies to speed up the compensation and completion of legal procedures to implement projects to develop the Le Minh Xuan 2 and Vinh Loc 3 IPs and the third phase of the Hiep Phuoc IP and extend the Le Minh Xuan, Vinh Loc and Tay Bac Cu Chi IPs.

The authority will also coordinate with departments and agencies to set up criteria for investments in IPs and export processing zones and further support enterprises to resume their production and business after the pandemic.

Additionally, HEPZA will supervise the investors’ use of land and take back the land lots of delayed projects.

Source: SGT

HCM City seeks 1.66b USD to build affordable housing for workers

HCM City seeks 1.66b USD to build affordable housing for workers

HCMC authorities are seeking 37.6 trillion VND (1.66 billion USD) to build affordable housing for workers over the next five years, of which State revenue will account for no more than 5 percent of the total investment.

HCM City’s EPZs, IPs attract over $747.6 million in 2020

HCM City’s EPZs, IPs attract over $747.6 million in 2020

Over $747.6 million were poured into export processing zones (EPZs) and industrial parks (IPs) in Ho Chi Minh City in 2020, representing a year-on-year increase of 15.79 percent.

MORE NEWS

VIETNAM NEWS HEADLINES MAY 22

15th National Assembly to commence third session on May 23

VIETNAM BUSINESS NEWS MAY 22

AMRO forecasts Vietnam’s strong recovery amidst external headwinds

Vietnam unveils national costume for Miss International Queen 2022

Vietnamese representative Phung Truong Tran Dai officially unveiled an outfit that she will wear during the National Costume Competition at the Miss International Queen 2022 pageant set to take place in June in Thailand.

Exploring the unspoiled beauty of Du Gia

The striking beauty, peaceful nature and fresh air of Du Gia Village in Ha Giang Province never ceases to enchant travelers.

Vietnamese stocks see world-leading growth

The surge of several leading stocks is deemed as a driving force for Vietnam's stock market achieving the world's strongest gains.

Lam Kinh ancient royal capital holds feudal mysteries

The special national relic site of the Lam Kinh ancient royal capital of the Later Le Dynasty in Thanh Hoa's Tho Xuan District harbours mysterious tales about one of the most significant Vietnamese feudal reigns.

Artist goes bananas with rustic artworks

Dried banana bark might sound useless to many, but by using his creativity and skill, artist Phan Van Dac in Quang Binh Province creates vivid landscapes and soulful portraits.

Vietnam Airlines posts VND2.6-trillion net loss in Q1

Vietnam Airlines reported a net loss of over VND2.6 trillion in the first quarter of 2022, sending the national flag carrier’s accumulated loss up to VND24.5 trillion, or over US$1 billion.

Developers clamour for legal clarity

Real estate leaders suggest that detailed regulations are needed to promote a healthy condotel, officetel, and resort villa sector in Vietnam.

Soaring petrol price impacting multitude of industries

A surge in the world’s oil price is benefiting oil and gas businesses, but causing difficulties for other producers and pressurising the government’s efforts to rein in inflation.

Preserving the Mekong Delta's floating markets

The Mekong Delta's famed floating markets, where speciality products are sold on boats, provide a unique environment thatnbsp;is popular amongnbsp;both local and foreign visitors.

Lifebuoys available on rivers to prevent drowing

Tens of red and white lifebuoys have recently been hung on Long Bien Bridge crossing the Red River, Hanoi by a group of volunteers in the hope of saving drowning victims.

Urgent action needed on primate protection

A report by ENV showed that only 30% of total poaching violations in Vietnam were discovered, while 70% were unknown, meaning that the number of the langurs hunted in the forest was unclear.

Dried-frog products bring good income for farmers in An Giang

The road to the “dried-frog village” in Vinh Trung commune in Tinh Bien district in An Giang province gets especially busy beginning at 3 pm, when men set out to catch tree frogs.

31ST SEA GAMES: UPDATES MAY 22

SEA Games 31: Vietnamese judo team see gold number tripling target
back_to_top