The Vietnam-Singapore Industrial Park in central Quang Ngai province
(VSIP Quang Ngai) has attracted seven investors despite the fact that
its construction was just started last September.
These projects focus on footwear and garment manufacturing and food
processing and are expected to generate jobs for more than 11,000 local
residents.
Three investors have begun building their
factories in the IP with the goal of putting them into operation next
year. The three projects, worth over 115 million USD in total, are
invested by the UK’s King Riches Vietnam Company, the Philippines’ URC
Central Company and the Hebei Xindadong Textiles Printing and Dyeing
Co., Ltd. of China.
Meanwhile, the remaining projects are slated to start late this year.
VSIP Quang Ngai is the fifth of its kind in Vietnam after similar models in Binh Duong, Bac Ninh and Hai Phong.
The five IPs are run by the Vietnam-Singapore Industrial Park (VSIP)
company, which is a joint venture between Vietnam’s Becamex IDC
Corporation and a consortium of three companies from Singapore –
Sembcorp Development, Mitsubishi Corporation Development Asia and KPM
Vietnam Investment.
To date, VSIP has attracted
nearly 500 customers with 6.4 billion USD of investment and 8 billion
USD in export value, while creating jobs for more than 140,000
Vietnamese workers.-VNA