On August 22, in Binh Duong, BIDV and VSIP signed a credit contract worth VND 4,600 billion to finance the construction investment project of Vietnam-Singapore Industrial Park III in Binh Duong.
On August 22, in Binh Duong, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and the Vietnam-Singapore Industrial Parks Joint Venture Company Limited (VSIP) signed a credit contract to finance the project. invest in the construction of Vietnam-Singapore Industrial Park III in Binh
(VSIP III – Binh Duong) with a total funding of up to 4,600 billion VND (equivalent to about 200 million USD).
General Director of VSIP Industrial Park Joint Venture Company Limited, Binh Duong Province Nguyen Phu Thinh said that following the success of VSIP projects deployed across the country, the VSIP III – Binh Duong Industrial Park project is a model. for development, becoming a highlight and attractive destination in the eyes of domestic and foreign investors as well as a typical model of a synchronous, smart, green – environmentally friendly, sustainable and industrial park. modern development orientation of Binh Duong province and the Government of Vietnam.
VSIP III – Binh Duong Industrial Park was built on a land fund of 1,000 hectares in Hoi Nghia ward, Tan Uyen town and Tan Lap commune, Bac Tan Uyen district, Binh Duong province. Total investment is expected to be about 13,300 billion VND.
VSIP III – Binh Duong aims to be a model industrial park with strict standards on environment, safety, facilities and utilities through the application of smart technology… When completed, this will be the a synchronous, smart, green, environmentally friendly and modern industrial park.
VSIP III is the 3rd generation industrial park in Binh Duong (also known as “Green Industrial Park”), creating interest for domestic and foreign investors. Up to now, there have been many outstanding projects registered to invest in the project, such as: a $ 1 billion project of LEGO Group (Denmark) on an area of 44 hectares.
It is expected to build the first carbon neutral factory, powered by renewable energy sources in the industrial park; Pandora Group’s project with an investment scale of 100 million USD to build the first jewelry manufacturing facility in Vietnam, meet 60 million jewelry products per year and create jobs for more than 6,000 workers; and more than 40 domestic and foreign corporations and companies are interested in exploring the possibility of production development at VSIP III – Binh Duong.
VSIP is the most effective model of association between Vietnam – Singapore Industrial Park Limited Company (VSIP) which is a joint venture between Sembcorp Group (Singapore) and Becamex IDC Corporation.
Starting in 1996 with VSIP I Project in Binh Duong with an area of 500 hectares, after 26 years of establishment and development, it has grown into VSIP Group with 11 major projects across the country, a total of land area of 10,000 hectares, attracting 17 billion USD of investment capital and 880 customers from 30 countries and territories; creating jobs for 295,000 workers.
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