Construction of Vietnam-Singapore Industrial Park starts in Mekong Delta
Construction of the Vietnam-Singapore Industrial Park (VSIP) Can Tho, also called Vinh Thanh Industrial Park, in the Mekong Delta city of Can Tho began on Saturday.
The facility is the first of its kind in Vietnam’s Mekong Delta and the 13th VSIP in the country. The groundbreaking ceremony followed an online initiation ceremony for three VSIPs in Hanoi on August 29 during the Vietnam visit of Singaporean Prime Minister Lee Hsien Loong.
Once completed, the 900-hectare industrial park is expected to employ 100,000 people and attract investment of $3.5 billion. The first phase of 293.7 hectares will provide jobs for 20,000-30,000 people.
An illustration of VSIP Can Tho in Can Tho city, Vietnam's Mekong Delta. Photo courtesy of VSIP.
VSIP Can Tho has been designed as a smart and sustainable industrial park, aiming to become a food processing-distribution hub in southern Vietnam with a logistics network and supporting infrastructure to serve investors in the supply chain. During the groundbreaking ceremony, 12 investors signed memoranda of understanding (MoU) to lease land at the VSIP.
The project has a prime location with easy access to provinces in the Mekong Delta via expressways and lies in close proximity to Can Tho city’s ports and airport.
Can Tho is under a socioeconomic development plan to become a commerce-service hub of the Mekong Delta by 2030, with a focus on agriculture, fisheries, and food processing-distribution.
Other advantages of the city are in line with the government’s infrastructure development plan, including expressways linking Can Tho to Cambodia, Tan Son Nhat airport in Ho Chi Minh City, and seaports in HCMC and Ba Ria-Vung Tau province.
So far, VSIP has expanded its network in Vietnam to supply industrial real estate to 880 customers from 30 countries and territories, with total registered investment of $18.7 billion and direct employment for 300,000 people.
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