|An overview of the Viet Nam-Singapore Industrial Park in Quang Ngai Province. The province set up a one-stop service centre in the IP to attract investment. — VNS Photo Cong Thanh
QUANG NGAI (VNS) — Quang Ngai Province yesterday set up a so-called one-stop service centre at its Viet Nam-Singapore Industrial Park to attract investment.
VSIP Quang Ngai in Son Tinh District 8km north of Quang Ngai town has so far attracted 10 projects with total investment of US$132.5 million, three of which are operational, since it came into existence in 2013.
"The centre will help improve the investment environment and [the ranking in the] Provincial Competitiveness Index as well as attract more investors to the province," Le Viet Chu, chairman of the province People's Committee, said.
"VSIP is the first environment-friendly industrial park in the province and has good infrastructure and perfect conditions for investors," he said, adding the park has created 13,500 jobs.
The province would do everything to simplify procedures for existing and potential investors, he promised.
The VSIP Quang Ngai covers 600ha of Dung Quat Economic Zone and 520ha of urban area. It registered an investment capital of $337.8 million.
Le Van Dung, deputy head of the Dung Quat Economic Zone Authority and head of the one-stop service centre, said the centre would help investors get investment certificates in three to 10 days.
Also yesterday the Viet Nam Singapore Industrial Park Joint Venture Company, Ltd (VSIP JV) began the second phase of development of an urban area and housing at the park.
It will develop a 99ha commercial and residential zone, with a two-hectare nature park, housing 15,000 workers.
At the ceremony yesterday, two companies – Hong Kong shoe maker Properwell, and Singapore's UMW Equipment Systems (Viet Nam) – also received investment licences to set up shop at VSIP Quang Ngai.
Hebei Xindadong Textiles Company of China, the biggest investor in the park with $38 million, received a licence to expand its plant.
The Quang Ngai park is also UMW's second location in Viet Nam for putting up an industrial and heavy machinery plant after the VSIP in Binh Duong.
VSIP Quang Ngai also inked yesterday a memorandum of understanding with VNTT for providing telecom services for the industrial park as well as its tenants.
VSIP has seven parks in Binh Duong, Bac Ninh, Hai Phong, Hai Phong, and Nghe An spread over a total of 6,000ha. These parks have attracted investments of $7.8 billion. — VNS