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City urges industrial zones to improve

Update: August, 01/2014 - 08:31
Tay Bac Cu Chi Industrial Park in HCM City. The city is urging IP and EPZ developers to provide better services to investors and connect their tenants with Government agencies so they can be more competitive. — VNA/VNS Photo Van Khanh

HCM CITY (VNS) — HCM City authorities have exhorted industrial parks and export processing zones to further develop their infrastructure to attract more investment.

Speaking at a meeting with the HCM City EPZ Authority (HEPZA) on Wednesday, Le Hoang Quan, the People's Committee chairman, urged IP and EPZ developers to provide better services to investors and connect their tenants with Government agencies to be more competitive.

Local and foreign firms should better connect with each other to make their products better known and foster development of supporting industries, he said.

He hailed HEPZA's efforts to attract investments this year and, especially, to ensure security in mid-May when many of their tenants were attacked by rioters following China's placement of an oil rig in Viet Nam's territorial waters.

Speaking at the meeting, Nguyen Bach Hoang Phung, deputy head of HEPZA, said this year the city's EPZs and IPs have attracted investments of US$333.47 million, a 55.5 per cent increase over the same period last year.

Phung said development of infrastructure at EPZs and IPs has "a positive impact" on investments, especially from foreign sources.

In the first half of this year nearly 69.5ha of land in EPZs and IPs was leased out, a 4.5-fold increase year-on-year.

Also during the period 36,711sq.m of factory and warehouse space was leased, mainly at Cat Lai IP and Tan Thuan EPZ, a 76.27 per cent rise, he added. — VNS

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