In the recent decision, Chairman of the PPC agreed to expand VSIP Quang Ngai’s area in phase 1 from 458 ha to 660 ha.
Chairman asked the Construction Department, Dung Quat EZ Management Board and related agencies to guide and help VSIP Quang Ngai Co. Ltd. with preparing necessary documents for the expansion.
VSIP Quang Ngai was approved its detailed Planning 1/2000 with over 1,226ha in communes of Tinh Phong and Tinh Tho, Son Tinh district.
Chairman also agreed for the investment of 03 resettlement areas inside VSIP Quang Ngai and approved the construction project of 02 streets of D1 and D3 to connect VSIP Quang Ngai’s routes with the National Highway 1.
VSIP Quang Ngai) so far has attracted 8 FDI projects worth more than $ 200 million in the fields of foodstuff, clothing, footwear, etc... In particular, some projects are implemented with the high investment value, such as King Riches (UK) for footwear export on May 28. This is the second plant of King Riches in Vietnam, built on an area of over 25 hectares with the total investment of approximately US $ 50 million. Among 8 projects undertaken to be invested, 03 plants manufacturing leather shoes, clothing and foodstuff are under construction and expected to complete and put into operation…... [read more]
The Office of Vietnam State Government has just informed the newly-issued direction of Deputy Prime Minister Hoang Trung Hai about adjustment in the master planning of Dung Quat Economic Zone Development to 2025. The adjustment will be implemented in the areas of Tinh Phong Industrial Zone and VSIP-Quang Ngai Project in Son Tinh district. Earlier, Quang Ngai province sent its request to Prime Minister about a transformation over 201 hectares of the green area to be industrial area. So, the industrial area in Tinh Phong region will increase from 600 hectares to nearly 802 hectares, and it is…... [read more]
VietNamNet Bridge - The Quang Ngai-based Vietnam-Singapore Industrial Park (VSIP) has attracted 8 FDI projects capitalized at US$200 million in total since it got off the ground nine months ago. A case in point, the UK's King Riches Company opened a factory in late May to make shoes for export. Its second factory in Vietnam covers an area of 25 hectares and has investment capital of US$50 million. Among the 8 projects, three plants specializing in footwear, garments and food, are under construction and due to be put into operation this September, creating 5,000 jobs for labourers. VSIP Quang Ngai…... [read more]
The statement was made by a leader of VSIP-Quang Ngai in the meeting between Quang Ngai Authorities and VSIP - Quang Ngai on Nov. 11 chaired by Vice-Chairman Pham Nhu So. It is said that during the period of 13 months since started construction, VSIP-Quang Ngai has so far completed as many as packages of infrastructure systems, resettlements, fire prevention and control, and a part of site clearance, especially investment promotion. The park has so far lured 10 projects with a total registered capital of over 164 million USD, of which there are 9 FDI projects invested by enterprises…... [read more]
These projects focus on food processing, garment making, and footwear manufacturing, with some having quite high investments. A case in point, the UK’s King Riches Company opened a factory in late May to make shoes for export. Its second factory in Vietnam covers an area of 25 hectares and has investment capital of US$50 million. Among the 8 projects, three plants specializing in footwear, garments and food, are under construction and due to be put into operation this September, creating 5,000 jobs for labourers. VSIP Quang Ngai has set a target of generating 20,000 jobs for local people in central…... [read more]
(VOV) - The Vietnam-Singapore Industrial Park (VSIP) in Quang Ngai has attracted seven foreign-invested enterprises (FIEs) since it officially opened in September 2013. Over US$200 mln invested in VSIP Quang Ngai Binh Duong reestablishes social order in VSIP VSIP model to boost industrial development in Quang Ngai Three projects capitalized at more than US$115 million have got off the ground and are due to be put into operation in 2015. Located in Son Tinh district, VSIP Quang Ngai is expected to stimulate economic development in the region and create tens of thousands of jobs, which is providing a tremendous boost…... [read more]
Some investors affirmed to invest in VSIP Quang Ngai zone and are developing investment formalities for the license in 2015 that is expected to create new opportunities for provincial investment promotion. So far, VSIP Quang Ngai has totally lured 10 projects during its one-year period of construction. The investors come from 6 countries in the world with a total investment capital of nearly 200 million USD. They are URC Central Co of the Philippines, known for its Jack & Jill brand of potato chips, Liwayway (Philippines), Riches (Vietnam) Footwear Co of the Kingmaker Footwear group, a Hong Kong stock…... [read more]
Vice- Chairman of Quang Ngai Provincial People's Committee (PPC) Pham Nhu So on May 12 met with leaders of Quang Ngai province and VSIP to discuss about the mechanism of One-Stop-Shop in VSIP-Quang Ngai zone like Binh Duong province's VSIP project. According to representative of Dung Quat Economic Zone Authority (DEZA), Vietnam - Singapore Industrial Park Management Board in Binh Duong province is the focal point, processing or handling coordination procedure for investment in industrial parks, business management. It also cooperates with the local departments and organizations to dialogue with enterprises and investors to remove difficulties and problems. Besides,…... [read more]
Prime Minister Nguyen Tan Dung and his Singaporean counterpart Lee Hsien Loong on September 13 attended the groundbreaking ceremony for the Vietnam-Singapore Industrial Park (VSIP) complex in central Quang Ngai province. The 1,120 ha compound is the fifth VSIP in Vietnam. It is a joint venture between the province and Sembcorp Industries, a leading corporation in Singapore. The first of the parks was established in the southern province of Binh Duong in 1996. Apart from VSIP I and VISP II in Binh Duong, another two are located in the northern province of Bac Ninh and Hai Phong port city. Speaking…... [read more]
The Bank for Investment and Development of Viet Nam is to give a 15-year loan worth US$ 35 million to the Viet Nam Singapore Industrial Park (VSIP)'s Quang Ngai Integrated Township and Industrial Park. The statement was made at the signing Ceremony on Dec.8 between two sides of the Vietnam-Singapore Industrial Park Joint Venture Co. Ltd and the Bank for Investment and Development of Viet Nam. As signed, the credit is to be supplied to VSIP's project of infrastructure construction. Moreover, a credit package worth 2 trillion VND (US $ 93 million) for investors in VSIP-Quang Ngai will be…... [read more]