1. Industrial parks in Ho Chi Minh attracts investment capital

In fact, in recent years, FDI inflows into manufacturing projects in Ho Chi Minh City tended to decline. New projects with capital of hundreds of millions USD or more are lacking, can be counted at the finger tips. Also, not many active projects have increased capital. Meanwhile, the movement of projects from Ho Chi Minh City to other localities tends to increase ...

Barriers in transport infrastructure and administrative procedures have been identified to account for the above situation. But according to businesses and investors, the problem has not been much improved, making them still afraid when deciding to invest.

From identified problems, Ho Chi Minh City is implementing many solutions to solve to increase investment attraction, including FDI inflows. Specifically, according to the plan, in 2020 and the coming years, Ho Chi Minh City will accelerate projects such as Metro No. 1, Thu Thiem 2 bridge, closed component projects of Ring Road 2; construction of projects on Ring Road No.3; to invest in the construction of Ring Road No.4, etc.

Ho Chi Minh City is stepping up the reform of administrative procedures in the procedures for granting and adjusting investment certificates. Currently, the time for implementing these procedures is only 7-10 days, down from 3-5 days compared to before. With many investment procedures, the Department has returned the application by post and in the near future it will fully apply information technology to solving administrative procedures, in order to reduce time and expand online public services. .

In addition, Hepza is actively coordinating with infrastructure businesses and functional industries to find solutions for disassembly. Ho Chi Minh City is also stepping up to create an industrial land fund; accelerate the deployment of a number of industrial parks, increasing the number of industrial parks of the city to 23. It is known that the city has also proposed to open a high-tech industrial park with an area of ​​280 hectares in Binh Chanh district.

2. Industrial land for upcoming FDI investors

Although severely influenced by Covid-19 pandemic, that investment capital flowed in industrial parks in Ho Chi Minh Vietnam seems still positive. Techinically, over past 10 months, the total attracted investment capital (including newly and adjusted number) has reached USD 591.94 million, equivalent to 118.39% of the year plan and up 7.16% over the same period last year.

During the difficult period of Covid-19, new opportunities appeared to investors. Specifically, the results of attracting investment shows that industrial manufacturing and services such as warehouse, logistics, high-rise buildings for lease, etc. are interested and invested by many investors currently.

However, according to HEPZA (Ho Chi Minh Export and Processing Zones Authority), it is forecasted that in coming time, investment capital flows will face many difficulties due to the continued influence of the Covid-19 epidemic as well as the limited source of vacant land area.

According to the approved planning of industrial zones, there is about 5,800 hectares, but so far about 3,800 hectares have been leased out. It is expected that by the end of the first quarter of 2021, the legal problems of some zones will be resolved for available area for lease.

Regarding industrial land bank, according to HEPZA, there are 17 export processing zones and industrial parks and Ho Chi Minh is expected to have 23 zones in total next several years.