Construction begins on new Viet Nam-Singapore Industrial Park in Ha Tinh

The industrial park, located on an area of 190.41 hectares in Thach Ha District, has total investment of VND1,555 billion (US$61 million) for the first phase.

Addressing the ceremony, Deputy Prime Minister Tran Hong Ha said, Viet Nam is accelerating the process of industrialization and urbanization with a focus on improving the quality of growth based on green production, clean energy, and knowledge-based development.

The nation considers the development of high-quality human resources and renewable energy as new driving forces to improve the competitiveness of the economy along with renewing traditional growth drivers such as developing infrastructure systems, he emphasized.

The North Central and Central Coast regions with seaport systems, transportation connections, high-quality human resources and renewable energy potential will be an attractive destination for strategic investment, clean energy and green production ecosystem, highlighted the Deputy Prime Minister.

With 28 years of experience in investment in Viet Nam and advantages in technology, green vision and sustainable development strategy for community, Tran expressed his hope that VSIP will make more contributions to Viet Nam's green transformation process.

Since the first industrial park was established in 1996 in the southern industrial hub of Binh Duong,  there are currently 18 VSIPs across 13 provinces and cities of Viet Nam, covering an area of 11,588 hectares. 

VSIPs nationwide have attracted a total investment capital of US$21 billion from 30 countries and territories, creating more than 300,000 jobs.

So far this year, Ha Tinh province has approved 8 domestic investment projects with a total registered capital exceeding VND1 trillion (US$39 million), doubling that of the same period last year, according to the provincial Department of Planning and Investment.

Ha Tinh province continues to maintain its position in the top 10 localities most attractive to foreign direct investment projects in the country./.