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Export firms invest in green projects
Domestic and foreign companies in Ho Chi Minh City ’s export processing zones and industrial parks are pouring money into environmentally friendly projects as part of the city’s efforts to achieve sustainable growth.
Many of the investment projects target hi-tech and environmentally friendly production including the development of hardware and software technology, Integrated Circuit (IC) boards, mould components and precision mechanical engineering.
The projects involving hi-tech industries including IT, mechanical engineering, electricity and electronics to increase export turnover.
In an effort to provide a sufficient workforce for companies based in EPZs and IPs, the management boards of the zones have teamed with 25 universities, colleges and vocational schools to train qualified staff for industries such as information technology (IT), electronics and mechanical engineering.
The job supply centres of EPZs and IPs have also signed contracts to provide workers for enterprises, and career consultancies for youth and discharged soldiers.
Over the first half of the year, 298.27 million USD in foreign direct investment and domestic investment was poured into the city’s EPZs and IPs, an increase of 50 percent compared with the same period last year.
Investment in domestic enterprises in the EPZs and IPs has risen by 73 percent. Existing enterprises have also increased investments, with capital rising by 38 percent compared with the same period last year.
The city’s zones employ an estimated 255,000 people, an increase of 13 percent compared with 2007. Of the total, 75 percent work in foreign-invested enterprises.
VNA
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