Mr. Tran Viet Ha, Deputy Head of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA), shared insights during a press conference.
|
Results indicate that despite the tax rate dropping from 46% to 20%, most businesses still consider it a significant expense, leading to reduced profits. Many are now optimizing production and enhancing value-added processes to compensate.
“Some seafood companies are exploring additional non-competing products with U.S. goods to avoid anti-dumping duties. Two firms have seen a 20% drop in orders, and one oil rig connector manufacturer has paused contracts affected by U.S. tariffs,” noted Mr. Ha.
In response, HEPZA representatives urged the government to provide clearer guidelines on “transshipment goods” and “genuine origin” determinations. They also called for legal support to facilitate short- and medium-term business strategy adjustments.
Three Pillars Sustaining Ho Chi Minh City’s FDI Appeal
Amid export challenges, Ho Chi Minh City remains a top FDI destination due to its long-established foundation. Post-merger, the city integrates industrial, urban, and port infrastructure, linking manufacturing in Binh Duong, logistics via deep-sea ports in Ba Ria-Vung Tau, and financial services in Ho Chi Minh City. This synergy reduces transport costs and boosts industrial competitiveness.
Additionally, the city focuses on next-gen industrial parks—high-tech, eco-friendly, smart, and circular—aligned with priority sectors like electronics, semiconductors, AI, biotechnology, and precision engineering. These sectors offer high technology content, resilience to trade barriers, and substantial value addition.
Institutional and administrative reforms are another key advantage. A “one-stop, on-site” mechanism and 100% digitalized procedures ensure over 90% of applications are processed early, fostering transparency and investor ease.
According to Mr. Tran Viet Ha, the combination of scale, technology, and governance enables Ho Chi Minh City to maintain its FDI appeal from the U.S., Europe, and strategic partners, despite global trade volatility.
New FDI Attraction Strategy
Looking ahead, Ho Chi Minh City aims for selective, high-quality, and sustainable FDI, aligning with international standards and new development goals.
The city is relocating labor-intensive industries to outskirts, reserving central land for high-tech, R&D, and innovation. By 2030, over 6,800 hectares of cleared land will be available, prioritizing specialized parks for semiconductors, pharmaceuticals, and clean energy.
Leveraging special mechanisms, the city streamlines procedures while ensuring legality and transparency. It also intensifies investment promotion in the U.S. and Europe, leveraging FTAs like EVFTA and CPTPP.
– 22:38 18/09/2025
Vietnam Poised for 7% Annual Growth from 2026 to 2045, Says UOB’s Suan Teck Kin
In the period from 2026 to 2045, an average annual growth rate of approximately 7% is entirely achievable for Vietnam. This vision can become a reality if the current policies of reform and openness, coupled with robust investment and trade initiatives, continue to be vigorously promoted and effectively implemented.
Suspension of Inspections for Six Major Projects in Ho Chi Minh City
The Government Inspectorate will not conduct inspections on the following projects: Thu Thiem 2 Bridge, Phu My BOT Bridge, Phu My Bridge Approach Road BT Project, BT Project for Four Major Roads in the New Thu Thiem Urban Area, Hanoi Highway and National Highway 1A Expansion Project, Infrastructure Investment Project for the Northern Residential Area (Functional Zones 3 and 4), and the Completion of the North-South Axis Road within the Thu Thiem Urban Area.
Ho Chi Minh City to Separate Department of Planning and Architecture from Department of Construction
When addressing the issue of urban planning in Ho Chi Minh City, Secretary of the City Party Committee Tran Luu Quang announced that the Standing Committee of the Ho Chi Minh City Party Committee has decided to separate the Department of Planning and Architecture from the Department of Construction.
Ho Chi Minh City Invests Over 3.5 Trillion VND in Road Projects to Ease Gateway Congestion
The Thới An – Thạnh Xuân Parkway is set to undergo a transformative upgrade, featuring a newly constructed six-lane roadway designed to enhance connectivity and streamline traffic flow between these thriving communities.
The Shocking $42 Million Profit from Flipping Prime Real Estate in Ho Chi Minh City: Unveiling Surprising Testimonies
Dinh Truong Chinh acknowledges errors in the execution of transactions with Vinafood II, but disputes the allegation of profiting 970 billion VND, claiming it to be inaccurate.
