October 22, 2019 10:09

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Vietnam-Singapore IPs attract US$9 billion investment

15:20 | 06/12/2016

Seven Vietnam-Singapore Industrial Parks (VSIPs) nationwide have drawn US$9 billion investment and generated 176,000 jobs after two-decade development.

vietnam singapore ips attract us 9 billion investment

A VSIP Group representative said on December 5 that 660 businesses from 30 countries in the world have invested US$9 billion in seven VSIPs in Binh Duong, Bac Ninh, Hai Phong, Nghe An, Hai Duong and Quang Ngai.

Edmund Chong, Deputy General Director of VSIP Quang Ngai said while luring investment into green technologies, VSIP Group focuses on building industrial-urban-service complexes with green spaces to meet workers’ entertainment and shopping demand.

VSIP Quang Ngai has invested more than VND1,230 billion on building a 254ha complex including 21,000sq.m park for outdoor activities of workers and their children. A VSIP Plaza next to the park offers food and drink, indoor entertainment, gym, tennis and healthcare services.

Since its construction started in September 2013, VSIP Quang Ngai has attracted 14 projects with a combined investment of US$200 million. It is expected that after they are all operational in early 2017, they will create 17,000 jobs for the central region.

Source: VOV