Construction of 1,000-hectare Vietnam Singapore Industrial Park begins in southern province
Sunday, March 20, 2022, 11:03 GMT+7
A groundbreaking ceremony was held on Saturday to commence works on the third Vietnam Singapore Industrial Park in the southern Vietnamese province of Binh Duong Province, referred to as VSIP III Binh Duong.
The ceremony was witnessed by Vietnamese Prime Minister Pham Minh Chinh and many leaders of Binh Duong Province and ministries.
The VSIP III Binh Duong industrial park, covering 1,000 hectares in Binh Duong’s Tan Uyen Town and Bac Tan Uyen District, costs a total of VND6.4 trillion (US$279.9 million) .
This is the 11th project of VSIP, a leading industrial park developer, in Vietnam and its third in Binh Duong.
Construction of the VSIP projects started across Vietnam more than 25 years ago.
Besides Binh Duong, Bac Ninh Province, Hai Phong City, Quang Ngai Province, Hai Duong Province, Nghe An Province, and Binh Dinh Province are the localities that house the VSIP projects, which provide production infrastructure for 880 companies from 30 countries and territories with a total investment of $17 billion and have created jobs for more than 295,000 workers.
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| Provincial leaders grant investment certificates to company representatives at the groundbreaking ceremony of the VSIP III Binh Duong industrial park project in Binh Duong Province, Vietnam, March 19, 2022. Photo: T.L. / Tuoi Tre |
The VSIP III’s groundbreaking follows the recent presentation of the investment permit to its developer during Vietnamese President Nguyen Xuan Phuc’s state visit to Singapore in February.
The project is designed to incorporate smart technology across the park’s operations, from its energy, water and waste use, to traffic and security management, with a focus on sustainable development.
It also includes a 50-hectare onsite solar farm offering grid reliability and sustainability benefits to large industrial tenants.
At Saturday’s ceremony, Binh Duong authorities granted investment certificates to many foreign companies, including Danish toymaker Lego, which plans to build a $1-billion factory on an area of 44 hectares at the park.
After the event, Prime Minister Pham Minh Chinh attended another groundbreaking ceremony for the construction of an additional 20,000 apartments at a social housing project for factory workers in Binh Duong’s Thu Dau Mot City.
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