9:48:06 PM | 26/9/2015
Recently, the Nghe An Provincial People’s Committee and Vietnam - Singapore Investment Park Joint Venture Company (VSIP) started construction of VSIP Industrial Urban Service Complex in the central province of Nghe An.
In the first phase, the complex invested by VSIP will be allocated 198 ha of land for industrial purposes and 81 ha of land for commercial and housing purposes.
The total complex area is up to 750 ha, which will be built in many phases. The complex is situated in Hung Nguyen district and part of Vinh City.
This is an industrial complex with combined services, designed to develop light and clean industries like food processing, consumer goods manufacturing, electronics, automotive assembly, construction materials and ancillary industries.
Once completed and operating, the project will attract many foreign investors and thus create a lot of jobs for local workers, hence contributing to strong and sustainable socioeconomic growth of Nghe An province in particular and the northern central region in general.
This is also a particularly significant project as it will create motivation for groundbreaking development of Nghe An province in the coming time. This is also a result of good cooperation between governments and businesses of Vietnam and Singapore in general and between Binh Duong province and Nghe An province in particular.
Speaking at the ceremony, Prime Minister Nguyen Tan Dung expressed his pleasure to see Semcorp Group of Singapore choose Nghe An province to locate its new VSIP project in Dong Nam Economic Complex. He believed that the construction commencement on this colossal complex will serve as a driving force, with strong spill-over effects in the short and long terms, for the socioeconomic development of Nghe An province and the northern central region, thus contributing to the successful implementation of Resolution 26-NQ/TW dated July 30, 2013 of the Politburo on Nghe An development orientation and tasks to 2020.
Singapore’s Minister for Trade and Industry Lim Hng Kiang said, "VSIP development is equally important to keep up with Vietnam’s economic transition ambitions to raise its position in value chains. VSIP development is a solid symbol of close and long-standing bilateral ties between Singapore and Vietnam."