Vietnam - Singapore Industrial Park
Established in 1996 on the basis of cooperation and support between the two governments of Vietnam and Singapore, Vietnam Singapore Industrial Park (VSIP) is the joint venture between Becamex IDC Corporation and a Singapore consortium led by Sembcorp Development. On 14 May 1996, former Vietnamese Prime Minister Vo Van Kiet and his contemporary Singaporean counterpart Goh Chok Tong gathered at the project site in Binh Duong to attend the groundbreaking ceremony of VSIP I with 500ha. For the past 16 years of development, VSIP I has become one of the leading industrial park in Vietnam, and has proven to be a very attractive investment destination, technology transfer and environment protection for many multinational companies for the domestic as well as export markets.
Some 240 investors from 22 countries around the world have chosen to base their long-term investment projects in VSIP I Binh Duong. And the business of VSIP has grown from strength to strength. VSIP II Binh Duong, officially launched in 2006 with the area of 345ha in Phase 1, has attracted 128 customers so far. The on-going project, and also the most significant project of VSIP at present which has expanded the scope of work of VSIP to both industrial park and township development, is VSIP II Binh Duong Township and Industrial Park (VSIP II Binh Duong - Phase 2). Comprising a 1,000ha industrial zone and a 700ha township, VSIP is well-placed to participate in the exciting emergence of the second largest city in southern Vietnam, the New Binh Duong City.
Not just limited in the total area of 2,545ha in the south, since 2007, after 10 years of operation, VSIP has announced its expansion to the north with two projects: VSIP Bac Ninh Township and Industrial Park Complex of 700ha (200ha for Township and 500ha for IP); and VSIP Hai Phong Township and Industrial Park Complex of 1,600ha (1,100ha for Township and 500ha for IP).
The fifth VSIP Quang Ngai offers investors another option for location in central Vietnam. The VSIP Quang Ngai comprises a 600-hectare industrial park located within the Dung Quat Special Economic Zone. Separately, a 520-hectare site zoned for commercial and residential purposes will be developed near downtown Quang Ngai city. To kick-start the project, the VSIP JV will focus on a start-up area of 160 hectares for industrial park and 100 hectares for commercial and residential development.
With the latest project in Quang Ngai, VSIP has totally developed five industrial parks and township complexes in Vietnam with the combined area of more than 6,000ha; attracting a huge amount of investment capital flowing into the areas and generating jobs for around 110,000 employees.
VSIP is a symbol of economic cooperation and friendship between Vietnam and Singapore. Currently, VSIP has been expanding projects in the Southern and Northern Regions as VSIP II, expanded VSIP II, VSIP Bac Ninh, VSIP Hai Phong and VSIP Quang Ngai.
- VSIP I: 500 Ha
- VSIP II: 345 Ha in Phase 1 and 1,700 Ha in Phase 2.
- VSIP Bac Ninh: 700 Ha
- VSIP Hai Phong: 1,700 Ha
- VSIP Quang Ngai: 1,120 Ha
- Becamex IDC, 49%
- Sembcorp Development Ltd, 40.44%
- Ascendas Investment Pte Ltd, 4.26%
- UOL Overseas Investments Pte Ltd, 2.67%
- MC Development Asia Pte Ltd, 1.89%
- KMP Vietnam Investment Pte Ltd, 1.74%
- Strategic location
- Conducive business environment: world-class infrastructure, sewage treatment plant, power plant, etc.
- One-stop service: management board, customs yard on site and other amenities
- Skilled labor
- Dedicated customer service
Key industry sectors:
- Precision engineering & automotive component
- Electrical & electronics
- Pharmaceutical & Healthcare
- Food & Beverage
- Supporting industries & others
- Vietnam Singapore Industrial Park
- No. 8 Dai lo Huu Nghi, VSIP Building, Thuan An Town, Binh Duong Province.
- Tel: +84 650 3743 898 Fax: +84 650 3743 430
- Website: www.vsip.com.vn
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