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PM approves investment policy for infrastructure construction in Quang Ngai VSIP II

The Prime Minister on December 22 issued a decision approving an investment policy for the first-stage construction and operation of infrastructure in the Vietnam-Singapore Industrial Park II (VSIP II), located in the Dung Quat Economic Zone, the central province of Quang Ngai.
PM approves investment policy for infrastructure construction in Quang Ngai VSIP II ảnh 1At Vietnam-Singapore Industrial Park II in Quang Ngai (Photo: baochinhphu.vn)

Hanoi(VNA) - The Prime Minister on December 22 issued a decision approving an investment policy for the first-stage construction andoperation of infrastructure in the Vietnam-Singapore Industrial Park II (VSIPII), located in the Dung Quat Economic Zone, the central province of Quang Ngai.

Invested by the VSIP Quang Ngai Co., Ltd, the 50-year project will sit on asite of 497.7ha in Binh Thanh and Binh Hiep communes, Binh Son district. The project's total investment is over 3.73 trillion VND (155.7 million USD), 560.55 billion VND ofwhich is contributed by the investor. 

Assigned by the Governments of Vietnam and Singapore to operateVSIP projects in Vietnam in 1996, the VietnamSingapore Industrial Park and Township Development JSC, a joint venture between Singapore’s SembcorpDevelopment and Vietnam’s Becamex IDC, has to date expanded to 13developments across the country.

OnFebruary 10 in Singapore, Sembcorp announced a new partnership with Becamex on the occasion of Vietnamese Prime Minister Pham Minh Chinh's visit, to developfive new VSIPs in Vietnam valued at approximately 1 billion USD./.

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#infrastructure #Vietnamplus #Vietnam News Agency #Vietnam-Singapore Industrial Park II #Dung Quat Economic Zone #central province of Quang Ngai Quang Ngai
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