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Saturday, 14 September 2013

Fifth Viet-S'pore industrial park breaks ground

Sembcorp is lead partner in S'pore consortium in the JV located in central Vietnam
 

BT 20130914 KTVSIP14 755040

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VSIP Quang Ngai will offer manufacturers a new and alternative investment locale away from Vietnam's northern and southern regions, where labour markets are tighter and costs continue to rise - PHOTO: SEMBCORP DEVELOPMENT

In Quang Ngai

UNDETERRED by the many challenges facing Vietnam's economy, Sembcorp has once again upped its investment in the socialist republic - this time by building central Vietnam's first large-scale industrial park worth US$337.8 million.

This latest of five Vietnam-Singapore Industrial Parks (VSIPs) is sited in Quang Ngai province, about 90 minutes' flight south of Hanoi. It offers manufacturers a new and alternative investment locale that is away from Vietnam's northern and southern regions, where labour markets are tighter and costs continue to rise.

VSIP Quang Ngai will take shape in the form of a 1,120ha industrial park and integrated township; the industrial park will take up 600ha, with the other 520ha slated for commercial and residential purposes.


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