HO CHI MINH CITY, Jan 19 (Xinhua): Vietnam's southern economic hub Ho Chi Minh (HCM) City has set a target to receive at least 700 million US dollars in investment into its industrial zones (IZs) and export processing zones (EPZs) in 2015, local media reported Monday.
In 2014, the city's IZs and EPZs attracted 752 million US dollars in investment, up 23 per cent year-on-year, Vietnam News daily reported, quoting sources from the city's Export Processing and Industrial Zone Authority (Hepza).
Vietnam would see a new wave of investment in the time ahead in the context of the expected conclusion of the Trans-Pacific Partnership Agreement (TTP) and the expanding global garment and textile market forecast to rise by 3.5 per cent this year, said Tran Viet Ha, Head of Hepza Investment Management Office.
Several foreign investors had poured money into major garment and textile projects in anticipation of the TPP, and Hepza plans to start work on the construction of tall workshops in industrial zones to accommodate more investors, said the official.
In 2014, domestic investment capital in the city's IZs and EPZs surged 65 per cent year on year, focusing on high-tech and environmentally-friendly industries such as electronics, manufacturing, mechanical engineering, fashion design and high- quality food processing, reported Hepza.
Vietnam’s HCM City eyes $700m investment in 2015
FE Team | Published: January 20, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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