Investments in HCM City industrial parks surge

HCM CITY — HCM City’s industrial parks and export processing zones attracted US$ 七 四 七. 六 million worth of investment last year, a  一 五. 七 per cent increase from  二0 一 九.

Announcing this, the HCM City Export Processing and Industrial Zones Authority said the impact of the COVID- 一 九 meant FDI inflows were down  八. 三 per cent to $ 三 六 三 million.

There were  一 六 new foreign-invested projects worth $ 一 八0. 八 million, up  一0. 五 per cent.

The services sector attracted more than $ 一 五 八 million of this followed by mechanical engineering, footwear and electronics.

Thirty existing foreign-invested projects added $ 一 八 二. 二 million to their capital, a  二 一. 五 per cent decline.

Domestic investment was worth more than $ 三 八 四. 六 million, a rise of  五 三. 九 per cent, including more than $ 三 一 一. 八 million in  六 五 new projects.  

Supporting industries attracted $ 一 六 七. 二 million, or a third of all new investment, from both foreign and domestic investors.  

Large foreign investments included $ 八0 million by SG Logistics JSC, and $ 七 三. 九 八 million by Logos Việt Nam Co Ltd.

Large domestic investments included VNĐ 九 五0 billion ($ 四0. 九 million) by VNG Data Center and VNĐ 六 四0 billion ($ 二 七. 六 million) by Savi Pharmaceutical JSC and VNĐ 六00 billion ($ 二 五. 六 million) by the Hiệp Phước Thành Company in existing projects. —VNS