Emeritus Senior Minister Goh Chok Tong visited VSIP Bac Ninh

20:41 | 23/09/2014

VGP – Singapore’s Emeritus Senior Minister Goh Chok Tong and Vietnam’s Minister of Planning and Investment Bui Quang Vinh today visited Vietnam-Singapore Industrial Park Bac Ninh, outlining the close economic relationship between the two countries.

Viet Nam-Singapore Industrial Park (VSIP) Bac Ninh is the first place Tong has visited in Viet Nam in a four-day official visit to this country under the invitation of PM Nguyen Tan Dung, starting from today.

VSIP Bac Ninh is a part of Viet Nam-Singapore Industrial Park Company, better known as VSIP, in Viet Nam. This is a joint venture between Singapore’s Sembcorp Industries and Viet Nam’s Becamex Corporation. The joint venture is considered as an iconic for the economic cooperation between Viet Nam and Singapore.

Established in 2007, VSIP Bac Ninh covers an area of 700 hectares, including 500 hectares of industrial land and 200 hectares of township. Till now, the industrial park attracted 51 companies from Japan, Taiwan, Singapore, Malaysia, Viet Nam, Europe, the US and the Republic of Korea, with the total investment capital of US$1.13 billion. Some of companies are Nokia, Foster, Dreamtech, Pepsico and Mapletree.

Apart from VSIP Bac Ninh, VSIP is also developing four other industrial park and township complexes in Hai Phong, Binh Duong and Quang Ngai. – VIR