The Vietnam Singapore Industrial Park

Two Japanese projects with the total capital of 32 million USD have been granted license, said the Vietnam Singapore Industry Park Joint Stock Company in Binh Duong province.

So far, 13 projects with total capital of 81 million USD have been licensed to operate in the Vietnam Singapore Industrial Park II. 29 other projects valued at over 200 million USD have signed land lease contracts for project implementation. Total investment capital of projects in the VSIP II reaches nearly 300 million USD.

Most of these projects in the VSIP II are in industrial sector such as automobile, electric and electronic spare parts, light industrial products manufacturing, consumer goods and pharmaceutical products.

The VSIP II, 15 km far from the VSIP I, is expected to operate at the end of this year.

The Vietnam Singapore Industrial Park (VSIP) is a world-class industrial park that was initiated by the governments of Vietnam and Singapore. Since its official launch in January 1996, VSIP has proven to be an attractive destination for multinational companies to establish manufacturing bases, serving both the domestic as well as export markets.

Source: Tuoitre

Translated by Duy Minh