The formation and development of Industrial Park – Export Processing Zone in Ho Chi Minh City

From the early 90s of the 20th century, Ho Chi Minh City as well as other provinces in Vietnam, after realizing the great potentials from foreign investment sources in the models of industrial parks and export processing zones, has advocated to urgently proceed constructing and developing these models. In this article, ATIM LAW FIRM will review the process of formation and development of Industrial parks and Export Processing Zones in Ho Chi Minh City throughout the historical stages

The development of industrial parks in Vietnam up to now

Industrial Real Estate - In the early years of reconstruction, the concept of export processing parks and industrial parks, which is generally unpopular, faced many difficulties. The system of IPs in Vietnam has, nevertheless, progressively grown over the past 30 years, delivering great economic efficiency to many regions as well as aiding in the advancement of the country's economy and society.

The formation of the first industrial zone in Vietnam

Bien Hoa 1 Industrial Zone was built in 1963 (formerly known as Bien Hoa Industrial Park), and is the oldest industrial zone in Vietnam, a symbol of the industry in the South after the country's reunification. Bien Hoa 1 Industrial Zone with an area of 335ha is considered a