(PLVN) - Under the witness of General Secretary To Lam and Singaporean Prime Minister Lawrence Wong, Secretary of Nam Dinh Provincial Party Committee Dang Khanh Toan presented the investment decision for the Hai Long Industrial Park (IP) project phase 1 to the project investor.
(PLVN) - Under the witness of General Secretary To Lam and Singaporean Prime Minister Lawrence Wong, Secretary of Nam Dinh Provincial Party Committee Dang Khanh Toan presented the investment decision for the Hai Long Industrial Park (IP) project phase 1 to the project investor.
On the occasion of General Secretary To Lam and his wife and the high-ranking Vietnamese delegation's visit to the Republic of Singapore from March 11-13. On March 12, at the Singapore Parliament House, Prime Minister of the Republic of Singapore and Secretary-General of the Singapore People's Action Party (PAP) Lawrence Wong presided over the welcoming ceremony for General Secretary of the Communist Party of Vietnam To Lam on an official visit to the Republic of Singapore.
At the end of the talks, under the witness of General Secretary To Lam and Singaporean Prime Minister Lawrence Wong, Mr. Dang Khanh Toan, Secretary of Nam Dinh Provincial Party Committee, presented the decision approving the investment policy for the project to build and operate the infrastructure of Hai Long Industrial Park (VSIP Nam Dinh) phase 1 to Singaporean investors.
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General Secretary To Lam and Singaporean Prime Minister Lawrence Wong witnessed the granting of the Investment Registration Certificate to VSIP 1 Nam Dinh Industrial Park and the Decision approving the investment policy to VSIP 3 Nghe An (Photo: Thong Nhat - VNA). |
VSIP Nam Dinh project phase 1 has an area of 180 hectares in Giao Thuy district, with a total investment of more than 2,249 billion VND. The project is invested by Vietnam Singapore Industrial Park and Urban Development Joint Stock Company (VSIP).
Accordingly, phase 1 of the VSIP Nam Dinh project has a scale of 180 hectares, implemented in Giao Thuy district with a total estimated capital of about 2,249 billion VND, of which the investor's capital contribution is more than 337 billion VND. The project will be implemented over a period of 50 years and is expected to start construction in the third or early fourth quarter of 2025. The entire infrastructure of the industrial park will be completed by the end of 2027.
This project belongs to Hai Long Industrial Park, one of the driving projects according to the planning of Nam Dinh province for the period 2021-2030, with a vision to 2050, with an area of up to 1,069.85 hectares. Methodically planned according to the model of multi-industry, modern, environmentally friendly industrial park, Hai Long Industrial Park is oriented to become a center to attract high-tech investors. After completion, Hai Long Industrial Park will create about 110,000 jobs, of which the first phase will attract 18,000 workers, playing an important role in promoting the socio-economic growth of Nam Dinh in particular and the coastal area in general.
Vietnam-Singapore Industrial Parks (VSIP) are symbols of economic cooperation between the two countries. Since the first VSIP was launched in 1996 in Binh Duong, Vietnam has now become the country where Singapore has built the most industrial parks in the world, with 18 VSIPs in 10 provinces and cities, attracting more than 18 billion USD in investment capital and about 900 projects, creating jobs for more than 300,000 workers.
Sembcorp Development CEO and VSIP Group Chairman Lee Ark Boon pledged that the group will continue to invest heavily in VSIP as well as projects in other provinces and cities, focusing on green and high-tech projects. In the future, the Group always hopes to continue receiving support from Vietnam, especially in developing new value chains.
With the strategic advantage of being located near key traffic routes, especially the new Nam Dinh - Lac Quan - Coastal Road (Provincial Road 484); the coastal road connecting Ninh Binh - Nam Dinh - Thai Binh and the modern provincial and district road system, Hai Long Industrial Park currently possesses a great advantage in optimizing logistics costs and exporting goods, especially for businesses with global supply chains.
Following the success of 14 industrial parks in operation in Vietnam, it is expected that in the third or early fourth quarter of this year, with the approval of the Nam Dinh Provincial People's Committee, VSIP will start investing in the project to build and operate the infrastructure of Hai Long Industrial Park (VSIP Nam Dinh) phase 1. The project is expected to be completed in 2027.
The project investor is Vietnam – Singapore Urban and Industrial Park Development Joint Stock Company (VSIP JSC). This is a subsidiary of Vietnam – Singapore Industrial Park Joint Venture Company Limited (VSIP), a joint venture between Becamex IDC – BCM Corporation and Sembcorp Development Ltd (Singapore), in which the Singaporean enterprise holds 51% of the shares.
Source: https://baophapluat.vn/trao-quyet-dinh-chu-truong-dau-tu-du-an-vsip-nam-dinh-tai-singapore-post542244.html
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