VSIP plans $211 mln industrial park in Thai Binh province
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.
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.
- Read More
Vietnam forecast to become world’s second-largest rice importer by 2025-2026
Vietnam is projected to become the world’s second-largest rice importer in 2025-2026, only after the Philippines, as the country must ramp up imports to meet export demand amid falls in domestic production, according to the latest World Agricultural Supply and Demand Estimates, released by the US Department of Agriculture (USDA).
Southeast Asia - Fri, May 16, 2025 | 11:36 pm GMT+7
The Trump Organization gets okay for $1.5 bln property project in northern Vietnam
A $1.5 billion golf, eco-tourism and urban complex proposed by a joint venture between Hung Yen Investment and Development Group and IDG Capital, which represents The Trump Organization, has received in-principle approval from the Vietnamese Government.
Real Estate - Fri, May 16, 2025 | 10:46 pm GMT+7
Vietnam's leading developer Becamex seeks to become billion-dollar company
Becamex, a leading industrial real estate developer in Vietnam, is strongly restructuring itself, attracting more private investment capital, and reducing state ownership, with an aim to become a billion-dollar company.
Companies - Fri, May 16, 2025 | 5:10 pm GMT+7
S Korea's Hanwha Energy eyes more LNG power projects in Vietnam
Hanwha Energy is keen to invest in more LNG-to-power projects in Vietnam, vice president Kim Young-Wook said in a meeting with the country's Ministry of Industry and Trade on Thursday.
Energy - Fri, May 16, 2025 | 3:32 pm GMT+7
Vietnam, Thailand elevate relations to comprehensive strategic partnership
Vietnam and Thailand have upgraded their relations from a strategic partnership, established in 2013, to a comprehensive strategic partnership.
Politics - Fri, May 16, 2025 | 12:44 pm GMT+7
Vietnam, China firms partner to develop pumped storage hydropower in Vietnam
Vietnam's Power Generation Corporation 2 (EVNGENCO2) and China's Lancang-Mekong International Company Limited (CSG-LMI) have signed an MoU on cooperation to develop pumped storage hydropower projects in Vietnam.
Companies - Fri, May 16, 2025 | 12:27 pm GMT+7
Vietnam market rebound in May: Leading stocks begin to rally
A new wave of stock market gains appears to be forming in Vietnam, opening up promising investment opportunities for both institutional and retail investors.
Finance - Fri, May 16, 2025 | 11:12 am GMT+7
Malaysia's TNB proposes partnership with Vietnam's EVN in connecting regional power grids
TNB, Malaysia's largest utility, has proposed Vietnam's state-owned utility EVN to cooperate in building a power transmission network connecting countries, including a line between Malaysia and Vietnam, via land and sea.
Energy - Fri, May 16, 2025 | 8:17 am GMT+7
New Vietnam-China int'l road transport route opens
Convoys carrying electronic components, fresh vegetables, and daily necessities departed simultaneously from Nanning in south China's Guangxi Zhuang Autonomous Region and Kunming in southwest China's Yunnan province on Wednesday morning, heading for Hanoi, the capital of Vietnam.
Southeast Asia - Thu, May 15, 2025 | 10:34 pm GMT+7
Indonesia’s rice reserve set to hit record 4 mln tons
Indonesia’s rice reserves are on track to surpass 4 million tons, setting an all-time high after reaching a new record of 3.7 million tons in mid-May.
Southeast Asia - Thu, May 15, 2025 | 10:24 pm GMT+7
China's giant Huadian Group eyes enlarging renewable energy portfolio in Vietnam
Huadian Group, a wholly state-owned company of China, is keen to further invest in Vietnam’s renewable energy sector.
Energy - Thu, May 15, 2025 | 9:40 pm GMT+7
Vietnam’s macroeconomic indicators 'broadly positive': Dragon Capital
Vietnam's macroeconomic indicators remained broadly positive, with both trade and FDI attraction performing well in the first four months of the year, write Dragon Capital analysts.
Economy - Thu, May 15, 2025 | 5:47 pm GMT+7
'How many new jobs created’ should be new KPI for local governments: VCCI leader
With a shift in thinking about the role of the private sector, local governments may soon prioritize creation of new jobs and businesses over traditional growth metrics, according to Dau Anh Tuan, deputy secretary-general of the Vietnam Chamber of Commerce and Industry (VCCI).
Economy - Thu, May 15, 2025 | 5:23 pm GMT+7
Herbalife’s Vietnam earnings hit $75.4 mln in Q1, exceed China tally
Herbalife, a global multi-level marketing corporation selling dietary supplements, recorded $75.4 million in net sales in Vietnam in the first quarter of 2025, according to the firm’s report.
Companies - Thu, May 15, 2025 | 5:01 pm GMT+7
Japan’s Nitto Denko to quadruple northern Vietnam plant's production capacity
Nitto Vietnam, a subsidiary of Japan’s multi-sector corporation Nitto Denko, has decided to raise the investment in its Hung Yen province-based plant by $28 million to $160 million.
Investing - Thu, May 15, 2025 | 3:58 pm GMT+7
UAE Embassy, VAFIE to jointly strengthen Vietnam-UAE business connections
The Embassy of the United Arab Emirates (UAE) in Hanoi and the Vietnam's Association of Foreign Invested Enterprises (VAFIE) on Wednesday agreed to jointly deploy specific measures to lift trade and investment ties between the two countries.
Companies - Thu, May 15, 2025 | 2:37 pm GMT+7