Illustrative image (Photo: VNA) Hanoi (VNA) - Deputy Prime MinisterTran Luu Quang recently signed a decision approving the investment policyfor a project on building and operating the infrastructure of the Vietnam-SingaporeIndustrial Park (VSIP) in the northern province of Thai Binh.
Accordingly,the 211.8 million USD project will be invested by the Vietnam SingaporeIndustrial Park and Township Development JSC, a joint venture between Singapore’sSembcorp Development and Vietnam’s Becamex IDC.
It is located in An Tan and Thuy Truong communes, Thai Thuy district, on a total site of 333.4 ha.
The official also signed another decision allowing the company tobuild and operate infrastructure of Bac Thanh Ha VSIP in the first phase inThach Ha district, the central province of Ha Tinh.
The project will sit in ThachLien and Viet Tien communes on a site of 190.41 ha. Its total cost is more than1.55 trillion VND and operational period is 50 years starting from August 29.
The new IP will be home to facilities forelectronic components, automatic equipment, high-tech components, foodprocessing, consumer goods, transportation services, warehousing, constructionmaterials, garments, leather shoes, automobile parts, and others.
Assigned by the Governments of Vietnam and Singapore tooperate VSIP projects in Vietnam in 1996, the joint venture has to date expanded to13 developments across the country.
On February 10, 2023, in Singapore, Sembcorp announced newcollaborations with Becamex, witnessed by visiting Vietnamese Prime MinisterPham Minh Chinh, to develop five new VSIPs in Vietnam valued at approximately 1billion USD./.
