VSIP BAC NINH
The Vietnam Singapore Industrial Park (VSIP) is a flagship project initiated by the governments of Vietnam and Singapore. The maiden VSIP project is located in Binh Duong province's Thuan An district.
The 500-hectare development is zoned primarily for industrial use. It has a total area of 700 hectares (1,730 acres) to be developed over 3 Phases, prepared Land Parcels and Customized Factories, self-sufficient Infrastructures (e.g. Power, Water, Waste Water Treatment and Telecommunications), and on-site Amenities (e.g. Bank, Post Office, Restaurant and Logistic Facilities).
The township area is part of VSIP Bac Ninh project, 18 kilometres north of Hanoi. VSIP, a joint venture between Singaporean Sembcorp Parks Holdings and Vietnam’s Becamex IDC, received an investment certificate for the project in 2007 and it was planned to pump $103.7 million into the industrial park and township.
So far, VSIP Bac Ninh has attracted several well-known transnational companies such as PepsiCo and Nokia. PepsiCo, the world’s second largest food and beverage manufacturer decided to build a $70 million beverage factory there. Nearby, Nokia is building a mobile phone manufacturing factory.