$200 million channeled into Việt Nam-Singapore III in Bình Dương

August 23, 2022 - 11:00

The park is the third VSIP in Bình Dương – a major industrial hub of Viet Nam, and the 11th in the country. Invested with over VNĐ13.3 trillion in total, it will cover 1,000ha in Bắc Tân Uyên District.

The signing ceremony on Monday. — Photo plo.vn

BÌNH DƯƠNG — The Bank for Investment and Development of Vietnam (BIDV) and Việt Nam-Singapore Industrial Park (VSIP) Joint Venture Company Limited on Monday signed a credit contract to sponsor an investment project on the construction of VSIP III worth VNĐ4.6 trillion (US$200 million) in the southern province of Bình Dương.

The park will have green and smart infrastructure to attract investment to the sectors of electricity, electronics, vehicle production and assembly, mechanics, support industry, textile - garment, food, beverage, and logistics services.

To date, it has attracted a series of massive projects, including the Danish-based LEGO Group’s $1-billion carbon neutral factory which spans 44ha, and a $100-million jewellery manufacturing facility of the Pandora Vietnam group.

The 11 VSIPs across the nation cover 10,000ha, attract $17 billion and 880 clients from 30 countries and territories, and create 295,000 jobs. — VNS

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