| Hepza to attract $700 million in 2015 |
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1/26/2015 9:03:06 AM Ho Chi Minh City’s Export Processing and Industrial Zones Management Authority (Hepza) is expected to draw in investments worth of $700 million into the local zones this year with 60 per cent arriving in the form of foreign direct investment capital. illustration photo Last Friday, Hepza released a report on the investment attraction of industrial and export processing zones (IZs and EPZs) in 2014 and the development plan for 2015, showing that Ho Chi Minh City lured in a total of $752.39 million worth of investments signifying a 23.52 per cent increase compared to the previous year and exceeding its referent target by 136.8 per cent. Foreign direct investment (FDI) capital in the second city’s IZs and EPZs hit $347.5 million in 2014, a slight decline of 4.39 per cent compared to 2013. Meanwhile, the domestic investment sum was estimated at more than VND8.5 trillion ($404.89 million), a 64.8 per cent increase over the previous year. Tran Cong Khanh, a senior official of Hepza said that the total export revenue of IZs and EPZs increased by 7.84 per cent compared to 2013, totalling at $5.5 billion in 2014. According to Hepza’s Investment Management Office director Tran Viet Ha, most foreign invested projects in 2014 were in textile and garment, services, electronics, machinery, tobacco and foodstuff plastic and rubber processing sectors. |
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