PM approves investment policy for infrastructure construction in Quang Ngai VSIP II
The Prime Minister on December 22 issued a decision approving an investment policy for the first-stage construction and operation of infrastructure in the Vietnam-Singapore Industrial Park II (VSIP II), located in the Dung Quat Economic Zone, the central province of Quang Ngai.
At Vietnam-Singapore Industrial Park II in Quang Ngai (Photo: baochinhphu.vn)
Hanoi(VNA) - The Prime Minister on December 22 issued a decision approving an investment policy for the first-stage construction andoperation of infrastructure in the Vietnam-Singapore Industrial Park II (VSIPII), located in the Dung Quat Economic Zone, the central province of Quang Ngai.
Invested by the VSIP Quang Ngai Co., Ltd, the 50-year project will sit on asite of 497.7ha in Binh Thanh and Binh Hiep communes, Binh Son district. The project's total investment is over 3.73 trillion VND (155.7 million USD), 560.55 billion VND ofwhich is contributed by the investor.
Assigned by the Governments o💮f Vietnam and Singapore to operateVSIP projects in Vietnam in 1996, the VietnamSingapore Industrial Park and Township Development JSC, a joint venture between Singapore’s SembcorpDevelopment and Vietnam’s Becamex IDC, has to date expanded to 13developments across the country.
OnFebruary 10 in Singapore, Sembcorp announced a new partnership with Becamex on the occasion of Vietnamese Prime Minister Pham Minh Chinh's visit, to developfive new VSIPs in Vietnam valued at approximately 1 billion USD./.
Chairman of the People’s Committee of the southern province of Binh Duong Duong Vo Van Minh had a working session with CEO of Semncorp Development of Singapore Kelvin Teo on January 12 to discuss the firm’s investment in Vietnam – Singapore industrial park projects in the locality.
Deputy Prime Minister Le Minh Khai on May 15 signed a decision approving an investment policy for the construction and operation of infrastructure at VSIP Lang Son Industrial Park in the northern mountainous province of Lang Son.
Phase 1 of the Vietnam - Singapore Industrial Park (VSIP) project in Vinh Thanh district, the Mekong Delta city of Can Tho, will have its construction started on September 9, according to the municipal People’s Committee.
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At Vietnam-Singapore Industrial Park II in Quang Ngai (Photo: baochinhphu.vn) 
