Industrial parks (IPs) and export processing zones (EPZs) in Ho Chi Minh City attracted more than $1 billion in investment in 2023, 83.57 per cent higher than the annual target, according to the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA).

Of the total, FDI stood at $221.11 million, a year-on-year increase of 12.47 per cent. This includes 16 new projects with total registered capital of $63.20 million.

The southern city’s IPs and EPZs also drew VND18.51 trillion ($788.5 million) in domestic investment, up 123.7 per cent compared to last year.

HEPZA said it has taken many measures to attract investment, including promoting administrative reform, removing difficulties and obstacles facing enterprises to boost investment, production and trade, and consulting with investors.

It also paid attention to attracting investment in supporting industries and large high-tech projects.