HCM City to build one more industrial zone

27-May-2020 Intellasia | DTI News | 6:02 AM Print This Post

HCM City Department of Planning and Architecture is planning to build a new hi-tech industrial park that covers 380ha in Binh Chanh District.

HCM City People’s Committee asked the department to review the current industrial and processing zones and find suitable lands to attract investments to the city and build the new hi-tech industrial park. The new park will be a new gathering place for hi-tech firms and support start-up companies.

HCM City Export Processing Zone and Industrial Park Authority (Hepza) will work with the department on how to deal with violations such as firms that operate not in accordance to their registered businesses.

Hepza must also report about suitable land that can attract immediate investment or for business expansion. They must propose solutions to violations and difficulties that firms may face.

HCM City has three processing zones and 16 industrial zones that cover a total 4,532ha. 17 of them have gone into operation in the past years. 1,716ha have been rented out. According to the plan, HCM City will have 23 processing and industrial zones that cover 5,822ha by the end of 2020.



Category: Business, Vietnam

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