Sign up | Log in



Home  >>   Daily News  >>Vietnam>>Economy>>FDI less than in 2015 for HCM City A shortage of new large garment and textile
NEWS UPDATES Asean Affairs  13  May  2016  

FDI less than in 2015 for HCM City

 A shortage of new large garment and textile projects caused foreign direct investment in HCM City’s manufacturing sector to fall this year compared to 2015, according to the HCM City Export Processing and Industrial Zones Authority (Hepza).

Hepza’s report pointed out that industrial parks and export processing zones in the city attracted only US$115.67 million in FDI for the first quarter of the year, a year-on-year decrease of 69.49 per cent.

Projects included a US$35.5 million project by Yazaki Eds Viet Nam Co Ltd in the Tân Phú Trung Industrial Park, a US$30 million increase in its capital by Furukawa Automotive Parts Co Ltd, both in the automobile support industry, and a US$25.6 million project by Nam Dương International Food Company (Singapore) at Hiệp Phước Industrial Park to produce sauces and condiments.

Trần Viet Hà, head of the Investment Management Department at Hepza, said that in the same period last year, IPs and EPZs attracted US$379.14 million in foreign capital, mostly for garment and textile projects such as the US$300 million project of Worldon Việt Nam of Hong Kong and South Korea’s Nobland Việt Nam, which increased investment capital by US$18 million to US$61 million.

This year, no licenses have been granted to garment and textile projects, Hà told the Dau tu (Investment) newspaper.

In recent years, the city has outlined policies to limit investment in labour-intensive and large industries, including the garment and textile sector.

But with expected growth after the Trans-Pacific Partnership agreement takes effect, some IPs in the city like Đông Nam and Hiệp Phước will continue to receive key garment and textile projects, which are committed to use hi-technology, modern machinery and equipment, and have a design centre, he said.

For instance, on its investment certificate, Worldon Viet Nam pledged to build a centre for fashion design and produce high-quality clothing to supply to famous brands such as Uniqlo, Nike, Adidas and Puma.

Hepza will tightly supervise the number of labourers, production technology and equipment in the garment and textile investment projects.

Closer supervision might be why garment investors have decided to open projects in other localities.

Meanwhile, a US$2 billion Samsung project at Saigon Hi-Tech Park, which is expected to open in the second quarter of this year, is expected to create a new wave of investment in the park.

But the number of new projects granted investment licenses this year has been modest.

Hepza targets a total investment of US$700 million this year, and encourages companies to invest in areas like high technology and support industries, electronics, IT and chemicals.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           May 13, 2016 Subsribe Now !
• Vietnam to ease FDI operations Subcribe: Asean Affairs Global Magazine
• Myanmar expands aviation capability
• EMA, Singapore Power call for proposals to test energy storage system
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• More US firms eyeing to invest in Brunei
FDI less than in 2015 for HCM City
Asean Analysis                  May 13, 2016
• Asean Analysis May 13, 2016
Fully Lifting the U.S. Lethal Arms Ban Will Add Momentum to U.S.-Vietnam Relations
Advertise Your Brand

Asean Stock Watch  May 12, 2016
• Asean Stock Watch-May 12, 2016
The Biweekly Update
• The Biweekly Update  May 13, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand