Nov 08, 2017 / 20:58
23 green and high-tech industrial zones to set up in Ho Chi Minh City
Ho Chi Minh City plans to have 23 green and high-tech export processing zones (EPZs) and industrial zones (IZs) in an area of roughly 6,000 hectares by 2020.
The city’s EPZs and IZs will attract some US$6-8 billion of investment capital during 2016-2025.
The city now has 17 EPZs and IZs in operation with a total area of more than 2,570 hectares.
Nguyen Hoang Nang, Head of Ho Chi Minh City Export Processing and Industrial Zone Authority (Hepza), said that the city would transfer existing zones into green, clean and hi-tech ones by 2025 and developing new hi-tech zones for part-supplying industries.
Priority would be given to investments of existing investors into hi-tech development, 4.0 industry technologies and part-supplying industry which would generate high added value.
Despite rapid development since 1991 when the first EPZ – Tân Thuận – was founded, the planning of EPZs and IZs in Ho Chi Minh City has not been clarified without the establishment of the linkage and value chain among zones.
Expert Nguyen Van Kich said that Ho Chi Minh City used to lead the country in developing EPZs and IZs in a long time but now was losing its crown. He took the southern city of Binh Duong as an example. Binh Duong started developing EPZs and IZs later than Ho Chi Minh City but now it has 36 zones with a total area of more than 10,200 hectares.
In addition, most projects in Ho Chi Minh City’s EPZs and IZs were of small scale and few, just about 10 per cent, had advanced technologies.
EPZs and IZs in the southern city had not also established a close linkage between firms and part-supplying industry.
In addition, the infrastructure, especially the transport and water supply and drainage systems, were heavily overloaded.
All these problems required EPZs and IZs in Ho Chi Minh City to renovate their strategies to keep and attract investors.
Experts said that EPZs and IZs needed to enhance linkage with others in the city as well as with other zones in the southern region.
Duong Minh Tam, Hepza’s Deputy Head, said that besides attracting foreign direct investments, EPZs and IZs needed to have mechanisms to encourage investments of domestic companies in part-supplying industry.
While the city’s empty land was exhausting, it was critical to improve the efficiency of land use to lower land leases, Tam said.
Besides, experts said that to attract large-scale and hi-tech investments, the city needed to prepare the human resources with knowledge and skills meeting investors’ demand.
The city also needed to hasten the administrative reform, improving the transport infrastructure system and logistics services.
The city now has 17 EPZs and IZs in operation with a total area of more than 2,570 hectares.
Nguyen Hoang Nang, Head of Ho Chi Minh City Export Processing and Industrial Zone Authority (Hepza), said that the city would transfer existing zones into green, clean and hi-tech ones by 2025 and developing new hi-tech zones for part-supplying industries.
Priority would be given to investments of existing investors into hi-tech development, 4.0 industry technologies and part-supplying industry which would generate high added value.
Despite rapid development since 1991 when the first EPZ – Tân Thuận – was founded, the planning of EPZs and IZs in Ho Chi Minh City has not been clarified without the establishment of the linkage and value chain among zones.
Tan Thuan is the first export processing zone in Ho Chi Minh City.
|
In addition, most projects in Ho Chi Minh City’s EPZs and IZs were of small scale and few, just about 10 per cent, had advanced technologies.
EPZs and IZs in the southern city had not also established a close linkage between firms and part-supplying industry.
In addition, the infrastructure, especially the transport and water supply and drainage systems, were heavily overloaded.
All these problems required EPZs and IZs in Ho Chi Minh City to renovate their strategies to keep and attract investors.
Experts said that EPZs and IZs needed to enhance linkage with others in the city as well as with other zones in the southern region.
Duong Minh Tam, Hepza’s Deputy Head, said that besides attracting foreign direct investments, EPZs and IZs needed to have mechanisms to encourage investments of domestic companies in part-supplying industry.
While the city’s empty land was exhausting, it was critical to improve the efficiency of land use to lower land leases, Tam said.
Besides, experts said that to attract large-scale and hi-tech investments, the city needed to prepare the human resources with knowledge and skills meeting investors’ demand.
The city also needed to hasten the administrative reform, improving the transport infrastructure system and logistics services.
Other News
- Vietnam, China intensify cooperation on green growth, digital economy
- Hanoi's green industrial parks attract investment
- Vietnamese, Singaporean firms ink agreements to bolster economic relations
- Thang Long Industrial Park urged to streamline administrative procedures for manufacturers
- Vietnam leads top choice for global investors: Cushman & Wakefield
- Vietnam-Singapore III Industrial Park to be built in Binh Duong this month
- Vietnam Prime Minister approves three industrial parks
- Recruitment demand of foreign manufacturers surges in 2021
- New industrial project expected to lure high-tech investment in Thai Binh
- Vietnam draws US$6 billion in FDI to industrial and economic zones in H1
Trending
-
Hanoi determined to speed up Yen Xa Wastewater Treatment project
-
Vietnam news in brief - November 1
-
Hanoi specialty gets world billionaires' interest
-
Localizing idols: Vietnam’s shift from Hallyu to homegrown stars
-
Hanoi plans major upgrade for iHaNoi by 2026
-
Berlin Film Festival award-winning motion picture premieres in Vietnam
-
Love triangle drama opens Hanoi Open Stage Festival
-
National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
-
Ngoc Khanh Lake walking space: A placed filled with history of Hanoi
-
Liên kết hữu ích