HCM City streamlines regulations to stimulate industrial park

Seck Yee Chung, vice president of SingCham Vietnam, says Singaporean firms invest in industrial real estate in VIệt Nam through both infrastructure development and land/infrastructure leasing. — Photo courtesy of ITPC

HO CHI MINH CITY: After the recent provincial reorganisation, Ho Chi Minh City is accelerating planning adjustments and redefining its role as a regional industrial and services hub.

In this context, industrial park infrastructure, including both technical and social facilities, is considered critical for attracting high-quality foreign investment, building supply chains and enhancing long-term competitiveness, according to the Investment and Trade Promotion Centre of Ho Chi Minh City (ITPC).