HCM CITY — The HCM City Export Processing and Industrial Zones Authority (Hepza) hopes to double their investment capital in 2011.
Hepza is aiming to convince investors to pour US$1.4 billion into its export processing zones (EPZs) and industrial zones (IZs). Hepza says it has 103,000 square metres of facilities on 350ha of land that are available for use.
Most of the available facilities and land are located at IZs in Linh Trung, Tan Phu Trung, Dong Nam, Tan Tao and Hiep Phuoc, reported Hepza.
However, Hepza says it will try to improve the zones' infrastructure to lure investors. It plans to focus on improving the zones' transportation infrastructure in particular.
Head of Hepza's management board Vu Van Hoa asked the Government to add IZs to the list of localities that are able to receive investment incentives. IZs that are expanding should receive investment incentives, Hoa said.
Hepza estimates it attracted roughly $775 million in investment capital in 2010, a 123 per cent increase over last year. Foreign investment capital accounted for roughly $255 million of the total sum.
According to Hepza's statistics, HCM City is home to 13 EPZs and IZs that house 1,200 projects, worth nearly $5.3 billion in registered capital. These zones employ roughly 255,000 workers.
Under the city's master plan for 2020, the city will have 21 EPZs, IZs and hi-tech centres.
Hepza manages and issues investment licences to EPZs and IZs in HCM City.Source: vnagency.com.vn
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