More investors coming to VSIP

April 02, 2011 | 12:16

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Vietnam-SingaporeIndustrial Parksor VSIP in southern Binh Duong province are attracting more investors despite of the country’s foreign direct investmen inflow slowdown.

Vietnam-SingaporeIndustrial Parksor VSIP in southern Binh Duong province - illustration photo

Foreign investors have registered to invest into seven new projects and expand investment at eight existing projects in two VSIP in southern Binh Duong province, with the total committed capital up to $160 million.

Among those projects, Japan-based instant noodle maker Nissin Foods Holdings gained an investment certificate to build $41 million factory and Hong Kong’s TBC-Ball Beverage Can Vietnam will build a $50 million aluminum can manufacturing factory in VSIP II expansion. The two factories will be operational next year.

The parks announced that about 30 companies would start production this year, which were estimated to reach $3 billion of turnover. In 2011, VSIP in Binh Duong expects to lure $300 million of committed capital from 75 newly registered and expanding projects.

By Ngoc Linh

vir.com.vn

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