VSIP offers international standard development
VSIP offers international standard development
Launched in 1996, the Vietnam Singapore Industrial Park (VSIP) is part of an economic cooperation between the governments of Vietnam and Singapore, initiated by former Prime Ministers Goh Chok Tong of Singapore and Vo Van Kiet of Vietnam.
VSIP has developed 5 projects in Vietnam including VSIP I, VSIP II Binh Duong, VSIP Bac Ninh, VSIP Hai Phong and the latest VSIP Quang Ngai.
Up to 240 investors from 27 countries around the world have chosen to base their long-term investment projects in VSIP I of 500 hectares, VSIP has grown from strength to strength. VSIP II, officially launched in 2006 with the area of 345 hectares, was fully occupied within two years after its launch with 130 tenants. In 2008, the VSIP II was expanded comprising of 1,000 hectares of industrial zone and 700 hectares of township.
The VSIP Binh Duong is well-placed to participate in the exciting emergence of Binh Duong New City. Since 2007, VSIP has announced its expansion to the north with two projects: VSIP Bac Ninh Integrated Township and Industrial Park of 700 hectares and VSIP Hai Phong Integrated Township and Industrial Park of 1,600 hectares.
In 2011, VSIP announced its expansion to the central province of Quang Ngai. VSIP Quang Ngai comprises 1,226 hectares of industrial park located within the Dung Quat Special Economic Zone and 520 hectares site zoned for commercial and residential purposes will be developed at downtown Quang Ngai city. Target industries of the
industrial park include food and beverages, fast-moving consumer goods (FMCG), electronics assembly and other light industries catering to the oil, gas and chemical sectors.
With the latest project in Quang Ngai province, VSIP has established a total of five industrial parks and township complexes in Vietnam with the combined area of more than 6,500 hectares, attracting $6.3 billion in capital investments, and generating 140,000 jobs. With these achievements, VSIP has become the symbol of co-operation between
Vietnam and Singapore. VSIP is a leading township and industrial park complex in Vietnam, providing an operating environment conducive to success.
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