VSIP plans $211 mln industrial park in Thai Binh province

By Quang Minh
Mon, June 10, 2024 | 10:18 am GMT+7

Vietnam-Singapore Industrial Park (VSIP), a leading industrial park developer in Vietnam, is awaiting environmental approval for a facility in the northern province of Thai Binh, as the firm seeks to tap high lease demand driven by robust foreign investment.

A VSIP-branded industrial park in Bac Ninh province, northern Vietnam. Photo courtesy of VSIP.

A VSIP-branded industrial park in Bac Ninh province, northern Vietnam. Photo courtesy of VSIP.

According to a report sent to the Ministry of Natural Resources and Environment, the $211.87 million industrial park (IP) is slated to span 344.67 hectares in An Tan and Thuy Truong communes, Thai Thuy district.

Once operational, the developer aims to attract investors in the fields of manufacturing, processing, and industrial services, with a focus on high technology, supporting industries, new materials, farm produce and seafood processing, as well as industries that have high added value and are energy efficient and environmentally friendly.

The facility, located in the Thai Binh Economic Zone, is 10 km from Diem Dien port, 40 km from Dinh Vu seaport in Hai Phong city, and 50 km from Cat Bi International Airport, also in Hai Phong.

Regarding schedule, the developer aims to have the environmental impact assessment and feasibility reports approved by the end of this year. It has yet to detail the implementation of the project or the inauguration of the IP.

VSIP, a joint venture between Vietnam’s Investment and Industrial Development Corporation (Becamex IDC) and Singapore’s Sembcorp, has developed 12 IPs across Vietnam, mostly in key industrial hubs.

Sembcorp Industries late last month announced that it had secured investment licenses for another three IPs: one in Thai Binh province, the 498-hectare VSIP Quang Ngai II in the central province of Quang Ngai, and the 468-hectare Becamex-VSIP Binh Thuan in the central province of Binh Thuan.

Thai Binh is home to 10 IPs, with four in the Thai Binh Economic Zone, and 49 industrial clusters. Under a government-approved master plan, the province is slated to become one of the industrial centers of the Red River Delta.

Comments (0)
  • Read More
Southern Vietnam province Kien Giang seeks private investment for 40 key projects

Southern Vietnam province Kien Giang seeks private investment for 40 key projects

The Mekong Deleta province of Kien Giang has announced a list of 40 projects calling for private investment in 2025, with total capital of over VND226.7 trillion ($8.7 billion).

Industries - Mon, June 16, 2025 | 11:45 pm GMT+7

ASEAN poised for greater role in global economy

ASEAN poised for greater role in global economy

ASEAN could emerge as the world's fourth-largest economy in the coming decades but the regional bloc must accelerate integration, strengthen institutions, and adapt to global shifts to realize this potential, experts have said.

Southeast Asia - Mon, June 16, 2025 | 11:34 pm GMT+7

Indonesia prioritizes private investment in infrastructure projects

Indonesia prioritizes private investment in infrastructure projects

Indonesian President Prabowo Subianto has emphasised that Indonesia will facilitate greater participation of both domestic and international private companies in infrastructure development, aiming to ensure equitable growth opportunities and advance the country’s “Golden Indonesia 2045” vision.

Southeast Asia - Mon, June 16, 2025 | 11:30 pm GMT+7

Honda Vietnam reports strong growth in motorcycle and car sales

Honda Vietnam reports strong growth in motorcycle and car sales

Honda Vietnam (HVN) recorded significant sales growth in both motorcycle and automobile segments in May 2025, with year-on-year increases of 8.2% and 25.9%, respectively.

Companies - Mon, June 16, 2025 | 11:24 pm GMT+7

Vietnam’s rice export prices fall nearly 19% despite growing volume

Vietnam’s rice export prices fall nearly 19% despite growing volume

Vietnam’s rice industry is facing a steep drop in export prices, even as shipment volumes climb, underscoring the challenges of a volatile global grain market.

Companies - Mon, June 16, 2025 | 11:20 pm GMT+7

Vietnam Airlines invests $69 mln in 2 projects at Long Thanh airport

Vietnam Airlines invests $69 mln in 2 projects at Long Thanh airport

National flag carrier Vietnam Airlines on Sunday kicked off construction on an in-flight catering facility and an aircraft maintenance complex at the under-construction Long Thanh International Airport in southern Vietnam, with a total investment of nearly VND1.8 trillion ($69 million).

Infrastructure - Mon, June 16, 2025 | 9:41 pm GMT+7

Prime Minister okays 1,881-hectare free trade zone in central Vietnam

Prime Minister okays 1,881-hectare free trade zone in central Vietnam

Prime Minister Pham Minh Chinh has approved the establishment of Danang Free Trade Zone (FTZ), which will cover approximately 1,881 hectares across seven non-contiguous locations.

Economy - Mon, June 16, 2025 | 9:25 pm GMT+7

Vietnam parliament passes historic revised law on local government organisation, establishing two-tier model

Vietnam parliament passes historic revised law on local government organisation, establishing two-tier model

The National Assembly, Vietnam's legislature, on Monday endorsed the revised Law on Local Government Organization, with 100% of the 466 members present voting in favor.

Politics - Mon, June 16, 2025 | 5:01 pm GMT+7

Vietnamese fruit and vegetable export to EU grows 33% in 4 months

Vietnamese fruit and vegetable export to EU grows 33% in 4 months

Vietnamese fruits and vegetables such as mangoes, pistachios, pineapples, and coconuts are gaining popularity in the European market, with export revenues rising sharply in Jan-April by as much as 41% to 200% year-on-year.

Economy - Mon, June 16, 2025 | 4:19 pm GMT+7

Vietnam's oil shipping major PVTrans to pay record high dividend

Vietnam's oil shipping major PVTrans to pay record high dividend

PetroVietnam Transportation Corporation (PVTrans), a subsidiary of state-owned Petrovietnam, will issue nearly 113.9 million shares to pay 2024 dividends, raising its charter capital to VND4,699 billion (over $180 million).

Companies - Mon, June 16, 2025 | 3:51 pm GMT+7

How retail giant Aeon Mall rapidly expands presence in Vietnam

How retail giant Aeon Mall rapidly expands presence in Vietnam

Japanese retailer Aeon Mall has employed a consistent strategy to expand its footprint across Vietnam: partnering with domestic companies that possess land funds earmarked for commercial real estate development.

Real Estate - Mon, June 16, 2025 | 12:10 pm GMT+7

Two Vietnamese stocks face bourse delisting for information disclosure violations

Two Vietnamese stocks face bourse delisting for information disclosure violations

Nam Song Hau Trading and Investing Petroleum JSC (PSH) and Koji Asset Investment JSC (KPF) are facing mandatory delisting from the Ho Chi Minh Stock Exchange (HoSE) due to serious breaches of information disclosure regulations.

Finance - Mon, June 16, 2025 | 9:20 am GMT+7

MBBank offers free app for business households' sales management, electronic invoice issuance

MBBank offers free app for business households' sales management, electronic invoice issuance

MBBank (MB) is offering its mSeller application for free – a solution to support sales management and issuance of electronic invoices exclusively for business households, small traders, and micro-sized enterprises.

Companies - Mon, June 16, 2025 | 9:05 am GMT+7

How to invest in a volatile Vietnamese stock market

How to invest in a volatile Vietnamese stock market

After a strong recovery from the market bottom of 2025 on April 9, the VN-Index has entered a correction phase, with six out of eight sessions showing declines between June 4 and Friday, June 13.

Finance - Mon, June 16, 2025 | 8:00 am GMT+7

Third round of Vietnam-US reciprocal trade pact talks sees 'significant progress'

Third round of Vietnam-US reciprocal trade pact talks sees 'significant progress'

The third technical round of negotiations for a reciprocal trade agreement between Vietnam and the U.S. has concluded in Washington, D.C., with "significant progress made and gaps narrowed in all areas of negotiation," according to Vietnam’s Ministry of Industry and Trade.

Economy - Sun, June 15, 2025 | 9:57 pm GMT+7

HCMC seeks to expand infrastructure cooperation with Guangdong-Hong Kong-Macao Greater Bay Area

HCMC seeks to expand infrastructure cooperation with Guangdong-Hong Kong-Macao Greater Bay Area

Ho Chi Minh City is aiming to expand cooperation with the Guangdong-Hong Kong-Macao Greater Bay Area (China) in infrastructure, one of the city’s key sectors following its merger with Binh Duong and Ba Ria-Vung Tau provinces.

Economy - Sun, June 15, 2025 | 8:00 pm GMT+7