Many industrial parks and export processing zones in HCM City lack sufficient infrastructure since authorities’ failure to pay compensation for lands has meant they have been unable to acquire and clear them.

Vietnam and Ho Chi Minh City in particular have remained appealing to foreign investors who are continuing to pour capital into the southern economic hub despite the COVID-19 pandemic.

Industrial zones (IZs) are no longer offering tax and land rent incentives to attract investors, but are following new business strategies to attract investors to set up factories in IZs.

VietNamNet Bridge - Once the pioneering and leading locality in the development of IZs (industrial zones) and EPZs (export processing zones) for a long time, but the competitiveness of IZs and EPZs in attracting investment has decreased.

VietNamNet Bridge - By the end of November 2016, Vietnam had 324 IZs, including 220 operating with an occupancy rate of 51 percent, according to MPI’s IZ Management Board Department.

VietNamNet Bridge - There are 324 industrial zones (IZ) throughout the country with total area of 92,000 hectares. However, due to mismanagement, large areas in the IZs have been left unused.

Foreign companies in HCM City's industrial parks and technology zones are finding it increasingly difficult to find experienced professionals with foreign language skills as they await Viet Nam's signing of various trade deals

VietNamNet Bridge - The enterprises that build multi-story workshops for lease can access preferential bank loans under a city stimulus program.

The major difference between Vietnamese-owned and foreign-invested industrial zones (IZs) is that the former aim to lease land to businesses, while the latter, which have had great success, want to provide industrial infrastructure.

HCM City, the largest commercial hub in Vietnam, plans to built multi-story workshops in industrial zones (IZs) in an effort to lure small- and medium-sized investors who need space at “reasonable costs”.

 VietNamNet Bridge – Shortage of land is preventing provinces and cities in the southern region from building kindergartens for children of workers at industrial parks and export processing zones as required by the Government.

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 VietNamNet Bridge – HCM City has approved an adjustment of master plans by the HCM City EPZ Authority (HEPZA) that will make its industrial parks (IPs) and Export Processing Zones (EPZs) more attractive to investors.

 VietNamNet Bridge – Over 90 per cent of workers had returned to work following the Tet holiday and only a small number had left their jobs,

HCM City authorities to Various departments under the Party Committee, People’s Committee and Labor Union in Ho Chi Minh City, met on January 22 to discuss ways to support workers celebrate the coming Tet Festival.

 VietNamNet Bridge – The number of foreign-invested enterprises (FIEs) whose owners have fled is growing, but it is not easy for the authorities to handle such cases.