Vietnam's customs Daily reported on November 17 that Xu Guoxing, director of the processing, export and Industrial Zone Management Committee of Ho Chi Minh City, said that despite the severe impact of the Xinguan epidemic, Ho Chi Minh City still attracted considerable investment. In the first 10 months, the total amount of newly approved and increased FDI reached 592 million US dollars, equivalent to 118.39% of the annual plan, with a year-on-year increase of 7.16%. Among them, 11 newly approved projects and 25 capital increase projects attracted $271 million of FDI. Despite the decline, there are large-scale investment projects. For example, the project of SG Logistics Co., Ltd. in the Netherlands has an agreed investment of US $81 million.
Up to now, in 2021, the land reserve available for investment promotion in Ho Chi Minh City is at a low level, with only 120 hectares.
According to the approved industrial zone planning, the industrial area of Ho Chi Minh City covers an area of 5800 hectares, and 3800 hectares have been leased out.
The existing two industrial zones still have more land, but they are faced with legal funds, land acquisition and demolition, which have an impact on investment promotion. Up to now, only 120 hectares of land will be used for investment promotion in 2021. Meanwhile, in the past five years, 500-600 HA / year of land has been used for investment reserve.
According to the management committee, there are 17 export processing zones and industrial zones in Ho Chi Minh City, and it is expected to develop to 23 industrial zones in the future. At least one more industrial zone is needed next year.
Not long ago, Ho Chi Minh City proposed to set up a new 380 hectare high-tech industrial zone in Pingzheng county. This is a high-quality, competitive industrial zone, suitable for high-tech application enterprises and supporting start-ups.
