HCM City, Binh Duong foster foreign investment

VGP – As of early April 2015, US$424.9 million has been poured in Ho Chi Minh City's industrial and export processing zones, reaching 60.7% of the plan and marking a year-on-year increase of 50.2%.

April 13, 2015 4:31 PM GMT+7

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According to the HCM City Export Processing and Industrial Authority (Hepza), the figure included US$314.17 million from 10 Foreign Direct Investment (FDI) projects, up 37.4% against the same period last year, and US$64.97 million was added to 14 operating FDI projects.

Domestic investors poured VND891.23 billion in 19 newly-registered projects and added VND81.14 billion in five operating ones, up 80%.

In 2015, Hepza will help domestic enterprises get access to loans totaling VND1,500 billion to expand production, renew technology and invest in auxiliary industry products.

The southern province of Binh Duong has just granted investment certificates to 28 FDI businesses with a total capital of nearly US$304 million in the first phase of 2015.

Accordingly, the 20 newly-invested projects have US$202.5 million in capital and the current 8 projects are added by US$101.4 million.

The province attracted US$402 million in 85 projects the fist quarter of 2015.

By Thuy Dung