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Investments in HCM City industrial parks surge

Investments in HCM City industrial parks surge
Workers at Misumi Vietnam Company in Linh Trung Export Processing Zone in HCM City. VNA/VNS Photo Thanh Vũ

HCM CITY — HCM City’s industrial parks and export processing zones attracted US$747.6 million worth of investment last year, a 15.7 per cent increase from 2019.

Announcing this, the HCM City Export Processing and Industrial Zones Authority said the impact of the COVID-19 meant FDI inflows were down 8.3 per cent to $363 million.

There were 16 new foreign-invested projects worth $180.8 million, up 10.5 per cent.

The services sector attracted more than $158 million of this followed by mechanical engineering, footwear and electronics.

Thirty existing foreign-invested projects added $182.2 million to their capital, a 21.5 per cent decline.

Domestic investment was worth more than $384.6 million, a rise of 53.9 per cent, including more than $311.8 million in 65 new projects.

Supporting industries attracted $167.2 million, or a third of all new investment, from both foreign and domestic investors.

Large foreign investments included $80 million by SG Logistics JSC, and $73.98 million by Logos Viet Nam Co Ltd.

Large domestic investments included VNĐ950 billion ($40.9 million) by VNG Data Center and VNĐ640 billion ($27.6 million) by Savi Pharmaceutical JSC and VNĐ600 billion ($25.6 million) by the Hiep Phưoc Thanh Company in existing projects. —VNS

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