• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

VSIP- sustainable investment cooperation model

VGP – The Viet Nam-Singapore Industrial Parks (VSIP) in has attracted 492 investors with a total investment of US$6.7 billion, turning out a model in investment cooperation between the two countries.

September 12, 2013 6:15 PM GMT+7

Vietnamese PM Nguyen Tan Dung and his visiting Singaporean counterpart Lee Hsien Loong on September 13 will attend a groundbreaking of the fifth VSIP in Viet Nam in central Quang Ngai Province.

The first VSIP was established in 1996 following an initiative of the late PM Vo Van Kiet. The VSIP has been built and developed into an industrial park serving working, living and entertaining purposes.

Until now, the four VSIPs, two in southern Binh Duong Province, one in northern Bac Ninh Province and one in northern Hai Phong city, are operating in the fields of industry, urban centers and services.

The two VSIPs in Binh Duong Province have drawn in a total registered capital of US$4.7 billion from 425 investors from 22 territories and countries. 

The first VSIP, which is fully rented, has created jobs for 96,367 people. The second, with 98% of its area covered, has provided jobs for 26,043 workers.

The VSIP in Bac Ninh Province is home to electronic factories, and those engaged in medicines, accessories, mechanics and logistics. As much as US$900 million have been poured in this industrial park from 46 investors including Pepsi Co and Nokia.

Around 17 businesses have committed to investing the VSIP in Hai Phong City. Japan’s Kyocera Mita Group built a factory in 2011, and has just put it into operation.

Licensed on April 23, 2012, VSIP in Quang Ngai was built on a land area of 1,746 ha and will be invested US$125.35 million in the first phase.

After 17 years of development, VSIPs have contributed to Viet Nam’s economy and its reinforced status as a sustainable investment destination in the region.

By Thuy Dung