Viet Nam Singapore Industrial Park joint venture (VSIP) Nghe An is the VSIP Nghe An is the seventh VSIP in Viet Nam. — Photo

NGHE AN (Biz Hub) — The Viet Nam Singapore Industrial Park joint venture (VSIP JV) kicked off the construction of an office building on September 20.

On the same day, the Nghe An authorities handed over the first three investments certificates to the park's tenants.

The construction is spread over 2,500sq.m. and operations are expected to begin in 2017. The industrial park will serve as an office for tenants and will be a one-stop-shop for officials of VSIP Nghe An.

The industrial park was granted exclusive rights by the provincial people's committee to develop a 750ha integrated township and industrial park along with an investment licence for phase one of the project with US$15.2 million in funding.

In addition, Nghe An officials granted investment licences to TDV Group, NAVOCO Vinh and Viet Nam Post with total investment of VND253 billion ($11.3 million).

VSIP Nghe An is the seventh VSIP in Viet Nam after industrial parks in Binh Duong, Quang Ngai, Bac Ninh, Hai Phong and Hai Duong. The network of industrial parks has, so far, attracted 616 investors from 30 countries and territories with total investment capital of $8.5 billion, creating 160,000 jobs. — VNS