Export, industrial zones a success venture

The Ho Chi Minh City Export Processing and Industrial Zone Authority (HEPZA) have proved very successful by attracting over US$7.7 billion since 20 years of establishment.

Le Thanh Hai, Secretary of HCMC Party Committee stated this at a meeting on July 1 to mark the 20th anniversary of HEPZA.

A representative of HEPZA said that investments in electronics, communications, plastic processing and mechanical engineering saw rapid growth in the industrial parks and export processing zones, accounting to 53.47 percent of the total investment.

Hai said that the IPs and EPZs in the city have applied a new advanced technology model to improve the management mechanism for investment, finance and exports. The model has also helped lure investors into the city, he added.

HEPZA hopes that the numbers of skilled workers with a minimum vocational training degree in IPs and EPZs will increase to 30-35 percent by 2015 from the present 15.6 percent.

HEPZA would also continue to give priority to industries with high value-added products and services, high technology and develop infrastructure for major sectors to turn the city into an industrial hub by 2015-2017.

By Han Ni – Translated by T.Huong

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