Export Processing Zone attracts US$7.5 billion investment

According to the Ho Chi Minh City Export Processing and Industrial Zone Authority (Hepza), total newly-registered and additional investment capital exceeded US$480 million in the first nine months of this year, up nearly 50 percent year-on-year.

Hiep Phuoc Industrial Zone in Nha Be District in Ho Chi Minh City. (Photo: SGGP)

Of which, foreign investment was more than $341 million, an increase of 114 percent compared to the same period last year, while local investment touched $139 million, a decrease of 16 percent compared to the same period last year.

By the end of September this year, there were still 1,263 valid projects at processing and industrial zones in the City with total investment of $7.49 billion, of which 502 projects with $4.52 billion investment were by foreign investors.

Export turnover of processing and industrial zones in the City reached $3.4 billion, up 6.2 percent, whereas import turnover hit $2.5 billion, down 10.7 percent year-on-year.

By T.Quang – Translated by Thuy Doan

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