(VEN) - Vietnam Singapore Industrial Park (VISP) is a world-class industrial park development company that was initiated by the governments of Vietnam and Singapore. The VSIP aims to create an environment to support investors and contribute to Vietnam's long-term development. Vietnam Economic News' Hoa Le spoke with Low Sin Leng, Executive Chairman of Sembcorp Development and Co-chairman of VSIP Group about its business activities. As a co-chairman of the VSIP, could you please tell us what the fulfilling rate of VSIP is? When is VSIP expected to be filled? … [Read more...] about Industrial park acts as Vietnam, Singapore flagship development
Industrial park
Industrial parks abandoned with no infrastructure
Attracting even a single investor is now beyond the reach of certain industrial parks in the Mekong Delta province of Tien Giang, as their infrastructure projects have remained in the blueprints for years. The large land plots inside the industrial parks (IP) are thus left abandoned, while farmers, who had to relocate to give their lands to the construction, have nowhere to start work on their agricultural production. After receiving the go-ahead in late 2008, the 285-hectare Soai Rap Industrial Park in Go Cong Dong District has so far received only one investor -- the Petrovietnam Steel Pipe JSC. Most of the IP area is now covered with weeds. Located not far from Soia Rap IP is the Binh Dong IP, spanning 220 hectares in Go Cong Town. The project was approved three years ago, but no construction work has ever been started. Nguyen Anh Tuan, chairman of the town’s people’s committee, said the infrastructure contractor Khang Thong Co has planned to build a 10-hectare … [Read more...] about Industrial parks abandoned with no infrastructure
MPI defends industrial parks
The Ministry of Planning and Investment has come out on the front foot after criticism from National Assembly deputies that industrial parks are nothing more than a big waste of space. The attacks came after the government announced plans to add a further 260 industrial parks to the country’s current tally of 267 by 2020. The government also revealed it wanted to raise total industrial land to 200,000 hectares by 2020, well up on the 73,000ha already given over to industrial use. These ambitious plans met with fierce opposition from many National Assembly deputies with Ho Chi Minh City deputy Tran Du Lich saying it would take 50 years from now to use up the existing 73,000ha of industrial land. But a report from the Department of Economic Zones Management at the Ministry of Planning and Investment (MPI) said the development of the industrial parks was not a waste of land. The report estimates the existing industrial park land will see full occupation by 2015. Many private … [Read more...] about MPI defends industrial parks
Bac Kan Industrial Park Infrastructure Development Company: Short-term Challenges, Long-term Prospects
Over 10 years of development since its inception, Bac Kan Industrial Park Infrastructure Development Joint Stock Company has encountered numerous difficulties, mostly due to the inefficient operation of enterprises at Thanh Binh Industrial Park. Despite that, with the spirit of unity and continuous efforts, the company has always been ready to accomplish all tasks and meet the requirements of investors. However, there are also huge potential, advantages and a bright prospect for enterprises at Thanh Binh Industrial Park to develop. These are the opinions of Mr La Dinh Chinh, Director of Bac Kan Industrial Park Infrastructure Development Joint Stock Company. Duy Anh reports. Could you share your opinions on the operation of the company over the last time? During the past 10 years, our company has completed phase 1 of the infrastructure of Thanh Binh Industrial Park, which has been put into operation since 2012 with the approved plan of 73.5 ha, constructing the floor area of 62.3 … [Read more...] about Bac Kan Industrial Park Infrastructure Development Company: Short-term Challenges, Long-term Prospects
Can Tho builds industrial park for Japanese investors
Can Tho builds industrial park for Japanese investorsHuynh Kim CAN THO – The Vietnam-Japan Friendship Industrial Park is being built in the Mekong Delta city of Can Tho to serve Japanese enterprises operating in the city. The industrial park is in fact a section covering 43 hectares inside Hung Phu 1 Industrial Park in Cai Rang District six kilometers from the city center. It is developed by Can Tho City’s Development Investment Fund (Cadif). The developer has completed construction of Cadif-Hung Phu 1 tenement with 170 apartments some four kilometers from the industrial park to provide accommodation to Japanese experts. Can Tho Chairman Vo Thanh Thong and Abe Masayuki, director of the Vietnam Agricultural Information Centre (VAIO), last weekend visited the industrial park. Abe Masayuki said the industrial park is suitable to mechanical engineering, precision engineering, and electronic projects. He proposed the investor divide the land into smaller lots corresponding to … [Read more...] about Can Tho builds industrial park for Japanese investors