Saigon Invest Group Affirming its Leading Position

As one of leading industrial park developers in Vietnam, Saigon Invest Group (SIG) has developed 16 industrial parks throughout the country. Five industrial zones are located around Hanoi City and Noi Bai International Airport, one in Hai Phong City, two in Da Nang City, one in Binh Dinh City, three in Ho Chi Minh City, one in Quy Nhon City, one in Long An Province, two in Dong Nai Province and one in Binh Phuoc Province. Currently, SIG has 3,000 officials and more than 2,000 workers.

 

Evaluating and grasping investment opportunities, SIG annually injects hundreds of millions of US dollars into developing industrial and residential zones, providing the best services for its employees in industrial zones. “We hope all foreign investors can work with us,” said Dang Thanh Tam, Chairman and General Director of SIG. The signing of two important agreements witnessed by the leaders of APEC economies in 2006 in Vietnam is clear evidence for the effort to increase investors’ trust.

SIG builds on its rich experience and resources. SIG has developed a series of other industrial zones in central and northern Vietnam. The 600-ha Que Vo Industrial Park, costing US$100 million in the initial phase, is exemplary in attracting foreign investment capital. To date, Que Vo Industrial Park has been fully leased by 50 investors, mainly foreigners, who injected over US$300 million and VND1,000 billion. Notably, Japan Canon Inc invested US$200 million to build the world’s largest laser printer factory with annual output of 8.4 million printers. Besides, MITAC Group also built a high-tech plant to manufacture computers and electronic parts. SIG also cooperated with Vinatext Group and foreign investors to build industrial parks and production factories. Other world-leading enterprises invested here such as ToyoInk, Mitsui, Nippon Steel, Sentec, Seewell and VS Group. On August 28, 2007, Hon Hai Precision Industry Ltd (Foxconn) inaugurated its first US$80-million plant in Vietnam (Foxconn plans to invest US$5 billion in Vietnam). After a period of time considering, Foxconn partnered with SIG to lay the groundwork for its development in Vietnam.

 

To better serve investors, SIG expanded its financial services including NaviBank, which is operating through Vietnam and serves transportation, IT, telecom, construction and design consultancy. SIG also joined hands with Saigontourist to build luxury hotels and resorts. Being one of the first two Vietnamese executives invited to the Global Forbes CEO Conference this year, General Director Dang Thanh Tam and SIG always desire to bring more benefits to customers.