VSIP Quang Ngai to develop into a green township
VSIP Quang Ngai to develop into a green township
The VSIP Quang Ngai integrated township and industrial park in the central province of Quang Ngai hopes to attract plenty of projects from the upcoming wave of investment into the region.
The complex, comprising a 1,200-hectare industrial park (IP) located in the province’s Dung Quat economic zone, as well as a 504ha site zoned for commercial and residential purposes near downtown Quang Ngai city, is expected to become a bustling area in Quang Ngai as well as the central region of Vietnam.
Similar to the other Vietnam-Singapore industrial parks (VSIP) (Binh Duong in the south of Vietnam, VSIP Bac Ninh, and VSIP Haiphong in the north), VSIP Quang Ngai is more than just a run-of-the-mill IP, as it ensures people who work in the park have access to accommodation, education, and entertainment as well as other facilities that meet the needs of a young family.
“We saw that an integrated township and industrial park in provinces is going to meet the demand of employees and their families at the same time,” Kelvin Teo, chief executive of Sembcorp Development and co-chairman of VSIP, said.
VSIP Quang Ngai was designed by architects and engineers experienced in urban development. To ensure the safety of the urban area next to the IP, VSIP only chooses investment projects that don’t harm the surrounding environment to be admitted to the park. This ensures sustainable development for firms in the park and their employees.
According to the approved 1/2000 masterplan, VSIP Quang Ngai’s urban and service area is located in Truong Quang Trong and Tinh An Tay communes in Quang Ngai city. The first phase of the project has an area of about 100ha, which contains commercial, urban and cultural areas. The project also boasts a gym, healthcare and education facilities, and dining and entertainment services. These areas are peppered with parks which are carefully landscaped to provide a scenic place to live, learn, work and play.
A year after beginning construction, VSIP Quang Ngai has already completed the first phase of its infrastructure on 180ha of industrial land. In the next phase, VSIP Quang Ngai is going to develop the infrastructure as well as attract investment into another 435ha of industrial land and 100ha of urban and service land.
Since its ground-breaking ceremony on September 13, 2013, VSIP Quang Ngai has successfully attracted nine customers from six countries with the total investment capital of nearly $200 million. Once completed, VSIP Quang Ngai is expected to attract $2 billion in investment and create a vibrant area peopled with 80,000 from the region as well as foreign specialists.
Developed by VSIP, a joint venture between Becamex IDC Corporation and a Singapore consortium led by Sembcorp Development, VSIP Quang Ngai is VSIP’s fifth project in Vietnam and the first in the country’s central region. VSIP Quang Ngai completes the map of VSIP’s strategic locations in Vietnam and brings the total gross area of VSIP developments to 6,000 hectares, making VSIP the largest integrated township and IP development in Vietnam.
To date, VSIP has attracted $7.4 billion in the total investment capital from over 534 companies. Companies operating in the VSIP developments employ more than 140,000 workers. In 2013 and 2014, VSIP was named the ‘Best Industrial Developer in Vietnam’ by UK Euromoney.
