“The landmark Vietnam-Singapore Industrial Park (VSIP) initiative is adding four new parks across Vietnam, with a new advanced manufacturing research centre also slated for its premises.”
“The increase brings the total number of industrial parks to 26, up from an earlier 22, and is in line with the city-state’s target to grow the figure to 30 by the year-end.”
“The VSIP network is a joint venture between Singapore’s Temasek-backed energy transition and urban development solutions provider Sembcorp Industries and Vietnam’s state-owned industrial park and township developer Becamex.”
“To date, the VSIPs drew more than US$28 billion in investments from some 1,000 tenants and created over 340,000 jobs in Vietnam. The VSIP portfolio of 26 industrial parks spans more than 14,300 hectares.”
“Both sides are working towards developing the next generation of the model – described as VSIP 2.0 – which will focus on integrated smart technology, as well as sustainable and green systems to attract higher-value investments.”