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VietNamNews

VN-Singapore industrial park to be built on Phu Quoc

Update: August, 16/2014 - 08:52
BINH DUONG — A Viet Nam-Singapore Industrial Park will bring a new face to the island district of Phu Quoc, a major tourist destination located in southern Kien Giang province.

The Investment and Industry Development Corporation (Becamex ICD) and Vietnam-Singapore Industrial Parks Joint Venture Co. Ltd (VSIP) in Binh Duong Province will implement the project, which will cover nearly 3,000 ha. The investors also plan to help create ecological forests to encourage sustainable tourism.

Tran Van Nam, Vice Chairman of the Binh Duong provincial People's Committee, said the large-scale project would significantly contribute to island development.

Singaporean experts will design the project, and other foreign investors are also encouraged to participate, said chairman of the Kien Giang People's Committee Le Van Thi. — VNS

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