Q1 Sees Over $190 Million Invested in Industrial Zones of HCM City

According to the HCM City Export Processing and Industrial Zones Authority (HEPZA) report on April 12, industrial and export processing zones in Ho Chi Minh City attracted $191.93 million in investments during the first quarter. This amount represents 34.9% of the 2024 target and reflects a 112.12% increase compared to the same period last year.

Foreign investment accounted for $176.7 million of the total sum, marking a 3.6-fold rise from the previous year. Meanwhile, domestic investment decreased by 63.15% to 352.42 billion VND (approximately $14 million).

HEPZA’s Head, Hua Quoc Hung, reported that businesses operating in local export processing and industrial zones demonstrated stable performance in Q1. Despite facing prolonged difficulties, many companies resumed operations after securing new orders.

He also noted that businesses in the zones achieved an estimated export turnover of $2.17 billion in Q1, representing a 6% increase from the same period last year. Additionally, the zones saw a 10% growth in employment, with approximately 277,000 workers hired compared to the end of 2023.

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