Prime Minister Pham Minh Chinh addresses the ground-breaking ceremony of the VSIP No. 3 in Binh Duong province on March 19. (Photo: VNA) This is the third VSIP in Binh Duong,a major industrial hub of Vietnam, and the 11th in the country. Investedwith over 6.4 trillion VND (280 million USD) in total, it will cover 1,000ha inHoi Nghia ward of Tan Uyen town and Tan Lap commune of Bac Tan Uyen district.
The park will be equipped with uniform,green, and smart infrastructure to attract investment to the sectors of electricity,electronics, transport vehicle production and assembly, mechanics, supportindustry, textile - garment, food, beverage, and logistics services.
Addressing the event, PM Chinh saidVietnam and Singapore have been recording thriving relations in all fields,including economic ties as seen in the VSIPs, of which the parks built laterare more modern, towards green, sustainable, and inclusive development, whichmatches the trend of the Fourth Industrial Revolution.
He asked the Binh Duong administrationand investors to form a new-generation industrial ecosystem associated with theFourth Industrial Revolution as well as green, smart, sustainable, andinclusive development that leaves no one behind, thereby contributing to theVietnam - Singapore partnership.
VSIP No. 3 should be built into asymbol of the two countries’ relations, deeply imbued with the hallmarks ofSingapore, and bring about benefits to investors, local residents, and BinhDuong as a whole, the Government leader stressed.
The PM also told the province tocontinue creating optimal conditions for investors and ensure increasingly bettermaterial and spiritual life of local people, including those displaced to servethe project development.
The Government always provides thebest possible conditions for businesses to invest and develop on the basis ofVietnam’s laws, the country’s commitments to the international community, alongwith international law, he said.
Vietnam has taken part in 16 freetrade agreements, so investors will have not only the Vietnamesemarket but also a larger market generated by these 16 deals, according to thePM.
Also at the ceremony, PM Chinh witnessed the granting of investment registration certificatesand memoranda of understanding to investors in the VSIP, including a 1 billionUSD project of the LEGO Group.
PM Pham Minh Chinh (fouth from left) and others mark the construction of a social housing project in Binh Duong on March 19. (Photo: VNA) As a dynamic province in the southernkey economic region, Binh Duong has more than 1.6 million workers at present.
To create favourable conditions forpeople to live and work, local authorities have paid attention to socialhousing development. So far, the province has attracted 86 social housingprojects covering nearly 200ha of land, with about 3.9 million sq.m. of floor.However, the existing social housing has yet to meet demand in reality./.
VNA
