Related Keywords: cheap natural resources, FDI, foreign investors, garment factories, HCMC Export Processing and Industrial Zones Authority, imported material, labour-intensive manufacturing
Investors continue to pour money into labor-intensive manufacturing (particularly garment and footwear and automobile factories) which mostly rely on imported materials and equipment. According to the HCMC Export Processing and Industrial Zones Authority (HEPZA), foreign investors announced plans to inject US$264.7 million into the zones in the first half of this year. Of the registered capital, nearly 80 percent will go into the textile and garment sector.
