Filling up: The Viet Nam Singapore Industrial Park in Nghe An has attracted 12 investors. The Viet Nam – Singapore Industrial Park (VSIP) in Nghe An has attracted 12 investors with total committed investment of VND860 billion (US$38 million) since construction began in 2016. Seven investors have received land for their projects and work is expected to begin soon. Another two plants will start operations at the end of the first quarter. In the first stage, the park, 7km west of the provincial capital of Vinh City is being developed over 83ha. It will become an eco-site favourable for investors and include an integrated township, industrial park, shopping and food centre and shops and houses. Designers from Singapore and Malaysia plan to also build a 2.6ha entertainment park with an outdoor stage and gym centre. The park also offers investors a ready- built factory to start operations quickly and cheaply. It will have its own technical infrastructure and services. In 2015, VSIP Nghe An was granted exclusive rights by the provincial People’s Committee to develop 750ha and an investment licence for phase one of the project with $15.2 million in funding. The land includes 198ha of industrial land and 81ha of commercial and residential land. The park, the seventh VSIP project in Viẹt Nam, aims to attract garment manufacturers, agro businesses and fast-moving consumer goods (FMCG). Other parks are located in Binh Duong (two), Quang Ngai, Bac Ninh and Hai Phong, in addition to Hai Duong. To date, VSIP projects… [Read full story]
In October, two more FDI projects with a total registered capital of nearly USD 1 million were invested into Nomura - Hai Phong and Dinh Vuindustrial parks. In 10 months, there were 10 FDI projects with an entire registered capital of over USD 244 million invested in the local industrial parks. Also, there were 10 existing projects to be added with a total sum of USD 50.7 million. Then, the total FDI capital including new and additional investments made up almost USD 295 million, up 5 times over the same period last year. Generally, since the beginning of the year…... [read more]
Long Duc Industrial Park (IP) is directly linked with National Road 53, National Road 60 and Long Duc river ports. The 100.6 hectare industrial park includes 30 hectares to be built in the first phase and 70.6 hectares in the second phase. So far, the Long Duc IP has a leasable area of 65.85 hectares, including 15.8 hectares of the first phase and 50.05 hectares of the second phase. 21.22 hectares, or 32.22 per cent, is currently leased. Apart from the resettlement area in use, the Tra Vinh Industrial Zones Authority instructed the Long Duc Industrial Park Infrastructure Development Company…... [read more]
Thai Nguyen (VNA) – Industrial parks (IPs) in the northern province of Thai Nguyen drew 17 new projects in the first half of this year, including 13 foreign direct investment (FDI) ones, according to the provincial IP Management Board. The figure brought the number of investment projects in Thai Nguyen to over 150, including 74 FDI projects and 77 domestic ones with total investment capital of 7 billion USD and 11.7 trillion VND (508 million USD), respectively. From January to June, over 70 foreign business delegations, mainly from the Republic of Korea and Japan, came to study investment opportunities in…... [read more]
Recently, Nomura-Haiphong Industrial Zone Development Corporation(NHIZ) has organized its 20th founding anniversary. Mr Sumino - Chairman of the Members' Council of NHIZsaid Nomura is the first foreign-invested industrial park and also the first industrial park invested by Japanese capital in Haiphong with high standardized infrastructure and advanced technology. By now, the industrial park has been fully occupied with 55 enterprises including 48 Japanese companies. With nearly USD 1 billion poured by enterprises, Nomura has generated jobs for 26,000 labors and contributed USD 15.96 million to the city's budget in 2013. The industrial park is mainly engaged in machinery manufacturing, precision…... [read more]
Kien Giang (VNA) – Industrial parks and clusters in the Mekong Delta province of Kien Giang attracted 33 projects by early November. The projects mainly focus on agriproducts, seafood, wood panels, footwear, garment and textiles, animal feed, and construction materials. Thanh Loc Industrial Park in Chau Thanh district has 19 projects, of which four are under operation and eight projects still being implemented. The projects have a total investment of 2.4 trillion VND (111 million USD). Thuan Yen Industrial Park in Ha Tien town attracted four projects. Two projects have been granted with investment certificates, with a combined capital of…... [read more]
