- News in Vietnam
- 31 May 2022
Ho Chi Minh City wants to have an industrial park of nearly 700 hectares
The city wants to build a 668-hectare Pham Van Hai Industrial Park in the Binh Chanh district to attract investment in high technologies.
The proposal to add Pham Van Hai industrial park to the master plan has just been sent by the People’s Committee of Ho Chi Minh City to the Ministry of Planning and Consulting to meet foreign businesses’ sizeable industrial land rental needs.
Pham Van Hai Industrial Park is nearly 30 km from the center of Ho Chi Minh City, adjacent to Nguyen Van Bua street and irrigation canal 7 to the north; the south borders irrigation canals 4 and 5; the east borders the existing residential area along An Ha street and the inter-regional canal; to the west, it borders on Song Ranh canal. The site is located near ten industrial zones and clusters of Ho Chi Minh City and Long An, which can support each other in attracting investment and labor resources.
The city orients this place to attract the fields of mechanical engineering, machine manufacturing, industrial robots, electronics – information technology, telecommunications, pharmaceutical chemistry, cosmetics, food processing, food… One hundred hectares of land adjacent to industrial zones are planned residential and urban areas. The site clearance at the industrial park is considered favorable because nearly 97% is agricultural land managed by the city company.
Currently, Ho Chi Minh City has 19/23 export processing zones and industrial parks with more than 4,500 hectares, accounting for 76% of the planned land size. Recently, the city has recorded several foreign corporations (Logos, TTI, Goldman Sachs, Einhell, Quantum…) looking for a large area to rent, but the existing industrial land fund in Ho Chi Minh City has not been able to meet the demand response.
In January, the head of the Management Board of Ho Chi Minh City’s Industrial and Export Processing Zones, Hua Quoc Hung, said that in the 2010-2015 period, the city took the lead in the group of provinces and cities with developed industrial parks. However, from 2016 until now, the industrial land fund has become increasingly limited, reducing the competition for investment attraction of Ho Chi Minh City with neighboring provinces.
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