Wednesday, September 30 2020


VSIP Quảng Ngãi draws $383m

Update: June, 20/2018 - 07:15
The Việt Nam-Singapore Industrial Park (VSIP) in Quảng Ngãi Province has attracted 17 projects, worth US$383 million since it commenced construction in 2013.— VNS Photo Công Thành
Viet Nam News

QUẢNG NGÃI — The Việt Nam-Singapore Industrial Park (VSIP) in the central province of Quảng Ngãi has attracted 17 projects worth a total US$383 million since it commenced construction in 2013.

The management board of VSIP Quảng Ngãi said the park, which was built on 600ha of land in the Dung Quất Economic Zone and 520ha of adjacent urban land had an investment capital of $337.8 million. Eight projects are currently operational in the fields of leather, textiles and garments, foodstuffs, and beverages, creating more than 13,500 jobs for local residents and experts.

Hebei Xindadong Textiles Company of China was seen as the biggest investor in the park with $38 million, followed by Hong Kong shoe maker Properwell, and Singapore’s UMW Equipment Systems – an industrial and heavy machinery plant.

According to the Dung Quất Economic Zone Authority, an investor can get certification to operate at the park’s one-stop service centre in just one day.

The park, situated in Sơn Tịnh district, 8km north of Quảng Ngãi City, has been developing an urban area and residential zone to accommodate 15,000 workers.

VSIP has developed eight parks nationwide, including in the provinces of Bắc Ninh, Hải Phòng, Hải Dương, Quảng Ngãi and Nghệ An, alongside three in Bình Dương Province.

The industrial parks are spread over a total of 7,000ha, and have attracted investments from 760 investors, totally nearly $12 billion, and creating 210,000 jobs. — VNS

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