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Ho Chi Minh City: Domestic capital invested in industrial parks far exceeds FDI capital

RSL Group – Domestic capital invested in industrial parks in Ho Chi Minh City in the first 10 months of 2023 will reach 764 million USD, far exceeding the amount of FDI capital attracted in the same period.

Domestic capital invested in industrial parks far exceeds FDI capital

According to the report of the Management Board of Ho Chi Minh City Industrial and Export Processing Zones (Hepza), in the 10 months of 2023, the total investment capital (new grant and capital adjustment) in industrial parks in the City reaching 948 million USD, reaching 172.51% of the year’s plan (the proposed plan is 550 million USD), an increase of 124% over the same period in 2022.

However, a notable point in attracting investment capital in the past 10 months is that domestic investors’ capital poured into industrial parks far exceeds FDI capital.

Ho Chi Minh City: domestic capital invested in industrial parks far exceeds FDI capital

Specifically, the total capital of domestic investors poured into industrial parks reached 17,955 billion VND (equivalent to 764 million USD), an increase of 174% over the same period last year. Of which, 35 new projects were granted with registered investment capital of 16,329 billion VND (equivalent to 695 million USD); 16 projects adjusted capital with increased adjusted capital of 1,626 billion VND (equivalent to 69.73 million USD).

Meanwhile, foreign investment capital poured into industrial parks in the City only reached 184 million USD, an increase of 28% over the same period last year. Although there are 13 new projects, the registered investment capital only reached nearly 61 million USD, but still increased 122% over the same period; 23 projects adjusted capital with adjusted capital increased by 123 million USD, up 5.82% over the same period last year.

Reasons why domestic investment capital exceeds FDI capital

Realistic recognition shows that the lack of industrial land funds to attract investment is the reason why the amount of FDI capital invested in industrial parks in Ho Chi Minh City’s economic engine is low compared to domestic investment capital. . While on a small scale, renting ready-built factories in industrial parks is very suitable for domestic businesses.

Ho Chi Minh City: domestic capital invested in industrial parks far exceeds FDI capital

One point that is also easy to see is that in recent years, although FDI capital invested in Ho Chi Minh City is still at a high level, capital is mainly poured into real estate projects and trade and service projects. As for production projects in industrial zones, foreign investors often choose to invest in neighboring provinces.

Source: vneconomy.vn