VSIP Can Tho commences development

September 11, 2023 | 14:15
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The Vietnam - Singapore Industrial Park, a joint venture between domestic Becamex IDC and Singapore Sembcorp Development, officially commenced the development of VSIP Can Tho Industrial Park on September 9 in Vinh Thanh district, Can Tho city.
VSIP Can Tho commences development
VSIP Can Tho Industrial Park is the 13th Vietnam - Singapore Industrial Park (VSIP) in the country, and the first project in the Mekong Delta

According to Koh Chiap Khiong, CEO of Sembcorp Industries in Singapore and Southeast Asia, the company intends to establish a “hub-to-port” logistics network at VSIP Can Tho with complementing facilities to support and strengthen the supply chain needs of its tenants.

Tran Viet Truong, Chairman of Can Tho People’s Committee, said that the local authorities fully believed that the project would soon be deployed and put into operation.

“This project will create a favourable environment for investors in Can Tho and the Mekong Delta key economic region in general, and positively contribute to the integration, comprehensive and sustainable development of Vietnam,” Truong said.

VSIP Can Tho will span 900 hectares. When completed, it will create jobs for 100,000 workers, attracting $3.5 billion in investment.

Phase 1 will cover 294ha of land and have investment of around $160 million. During this phase, the project will also supply support services for factories in nearby areas and Can Tho at large, along with those for labourers working at the industrial park.

The project is oriented to be built according to the smart and sustainable industrial park model with a large food processing and distribution centre and a logistics network and supporting infrastructure to support for investor supply chain needs.

The IP is located at the strategic intersection between the vertical and horizontal highways of the Mekong Delta, bordering three provinces of Dong Thap, An Giang, and Hau Giang, easily connecting to the port system, airport and utility services of the city centre.

As a centrally-run city, Can Tho has approved its socioeconomic development plan for the 2021-2030 period, with the vision of becoming a trade and service centre of the Mekong Delta region by 2030.

Also at the launching ceremony of VSIP Can Tho, the IP signed a MoU with 12 investors for land lease and business cooperation.

Adding VSIP Can Tho into its portfolio, VSIP is currently participating in the development of 17 industrial, urban and service parks across Vietnam. From the first VSIP in Binh Duong, VSIP's total land has increased to over 11,000ha.

VSIP is providing production infrastructure for 880 customers from 30 countries and territories valued at of $18.7 billion and directly creating jobs for nearly 300,000 workers.

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By Bich Ngoc

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