Work on industrial park to begin

Sunday, Sep 08, 2013 08:50

The Viet Nam Singapore Industrial Park II in Binh Duong Province. — File Photo

QUANG NGAI (Biz Hub)— The construction of the fifth Viet Nam-Singapore Industrial Park (VSIP) will commence in the central province of Quang Ngai next week.

The project, the fifth of its kind in Viet Nam, is a joint venture between the province and Sembcorp Industries, a leading corporation in Singapore.

The first VSIP was established in the southern province of Binh Duong in 1996.

VSIP I and VSIP II are in Binh Duong, another two are located in the northern provinces of Bac Ninh and Hai Phong..

The US$6 billion VSIPs have attracted nearly 490 investors from 25 nations and territories, and generated jobs for more than 140,000 locals.—VNS

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