Hepza gives priority to hi-tech, support industry businesses - Hepza gives priority to hi-tech, support industry businesses - Website Ho Chi Minh City
Ho Chi Minh City for Export Processing and Industrial Authority (Hepza) on March 26 said that it would speed up investment attraction to hi-tech and support industries by preparing land fund and skilled workers for investors, improving administrative procedures and connecting businesses with banks.
At a conference to review the performance of export processing and industrial zones (EPZs and IZs) last year and debate development directions in the next years, the authority said further cooperation with agencies would be made to improve one-stop-shop management model.
Deputy Head of Hepza management board Nguyen Bach Phung said that they would build Hiep Phuoc and Le Minh Xuan 3 IZs into support industry zones, and construct 3-8 storey factories at Dong Nam, Hiep Phuoc, Linh Trung and Tan Thuan IZs to receive investors.
In addition, Hepza will work with the Japan External Trade Organization and the Japanese Business Association of HCMC to develop Vie-Pan Techno Park and lure Japanese investors to other IZs, assist enterprises to get bank loans and reform technologies, and intensify activities on trade promotion and export market development.
Last year, Hepza obtained its target of attracting US$752.39 million in investment capital, up 23.52 percent over the same period in 2013, and built many social infrastructure works to serve workers.
However, Mr. Phung said that businesses have renovated their production technologies slowly because of fund shortage. They also met with difficulties in skilled worker supply source. Most workers come from provinces and fail to meet requirements of hi-tech companies, forcing them to retrain employees after recruiting.