VSIP: Setting New Standards for Vietnam’s Industrial Real Estate

Starting with its first milestone project in former Binh Duong province in 1996, Vietnam-Singapore Industrial Park Joint Venture (VSIP) has constantly affirmed its pioneering role in developing industrial parks (IPs) across Vietnam. As a symbol of strategic cooperation between Vietnam and Singapore, VSIP now has a strong nationwide presence, with 20 integrated industrial - urban - service parks in key provinces and cities, covering a total land area of 12,000 ha.

In addition to its focus on business development, VSIP has taken the lead in building green, low-emission industrial parks

Leading modern industrialization trend

Over nearly three decades of development, VSIP has gone far beyond the role of a traditional infrastructure provider. With an integrated mindset, each VSIP project is not only a manufacturing hub but also a comprehensive space for living, working and connecting. Industrial infrastructure is developed to international standards, integrated with smart management solutions, and conveniently connected to seaports, airports and major transport routes.

Besides, VSIP has developed satellite urban areas and support services to create modern living environments for workers - a foundational factor in building sustained momentum for businesses. With its integrated industrial - urban - service zone model, the VSIP brand has become a national benchmark, playing a catalytic role in local development across the country.

Launchpad for international investment - Leading sustainable development trend

To date, VSIP projects have attracted over 1,000 investors from 30 countries and territories around the world, with a total FDI of up to US$24 billion. Beyond offering high-quality industrial land, VSIP acts as a reliable partner throughout the project lifecycle - from legal procedures and technical infrastructure to recruitment and workforce training.

VSIP has become the top choice for numerous multinational corporations in high-tech, electronics, pharmaceuticals, food, logistics and more. Its industrial parks have created over 340,000 direct jobs, contributing to income growth, developing a skilled workforce and spreading value across communities.

In addition to its focus on business development, VSIP has taken the lead in building green, low-emission industrial parks. Each project strictly adheres to environmental standards, invests in advanced wastewater treatment systems, promotes energy efficiency, and expands ecological space with parks, lakes and green landscaped areas.

Notably, VSIP’s development vision is closely aligned with its social responsibility. Numerous meaningful initiatives have been implemented, including scholarships, vocational training, community healthcare, and support for schools and local clinics, helping enhance quality of life in areas where VSIP operates.

With an integrated mindset, each VSIP project is not only a manufacturing hub but also a comprehensive space for living, working and connecting

Shaping the future of Vietnam’s industry

As Vietnam enters a new era of intensive industrialization and sustainable transformation, VSIP continues to expand into emerging growth centers - robustly rising stars on the national investment map. This strategy not only unlocks local potential but also contributes to a more balanced and comprehensive development structure among regions, creating room for long-term economic growth.

Alongside geographic expansion, VSIP is gradually transforming its development model into a next-generation industrial ecosystem: green, smart and sustainable. The integration of digital transformation, renewable energy, ESG governance, and flexible infrastructure planning is not just an adaptation but a clear assertion of VSIP’s leadership in establishing new standards for Vietnam’s industrial real estate sector in the 4.0 era.

With its “A New Chapter: Green, Smart, Sustainable,” vision, VSIP is not only a trusted destination for international capital but also a strategic partner driving national industrial growth.

Built on a proven track record, a consistent development mindset and a strong commitment to sustainable value creation, VSIP has asserted its enabling role - an institutional force shaping and developing Vietnam’s industrial sector: from extensive to intensive growth, from resource extraction to innovation, and from pure manufacturing to comprehensive, integrated and sector-leading development.

By Thanh Tung, Vietnam Business Forum