By the end of March 2011, industrial and processing zones (IPZ) in Ho Chi Minh City had attracted $7.7 billion in investment capital, including $6.679 billion from 1,216 valid projects.
The IPZs exported their products to 45 countries and territories in the world, earning $2.32 billion in 2010 and accounting for 12.53 per cent of the city’s total exports. They contributed $1.56 billion to the State budget and generated more than 250,000 jobs.
IPZs are expected to attract $4 billion in investment capital, earn $6 billion from exports, contribute VND12,000 billion to the State budget and generate 75,000 jobs by 2015. They will also ensure that 100 per cent of their businesses have appropriate waste treatment systems and trade unions.
They will prioritise attracting investment in four key industries: mechanical engineering; electronics, telecommunications, and information technology; chemicals and pharmaceuticals; and food processing.
The IPZs' management boards have committed to support businesses that hire a large number of workers. They will organise regular trade fairs, continue administrative reforms, provide updated information to investors and create an automatic observation system to detect and fine businesses that violate environmental protection regulations.