HCMC – The first phase of the Vietnam-Singapore Industrial Park (VSIP) project in Vinh Thanh District, Can Tho City, is being fast-tracked to ensure land handover to investors by the end of this year.
VSIP Can Tho is the 13th VSIP in Vietnam and the first one in the Mekong Delta.
Key infrastructure items under construction include a wastewater treatment plant for phase 1 with a daily capacity of 6,000 cubic meters, as well as power, water supply and fire prevention systems.
The developer has proposed a change in the land lease payment method from a one-off payment to annual payments and requested the land use rights certificate to be issued in August 2025.
VSIP has also called on the city to issue investment registration and construction licenses for secondary investors no later than August 15, 2025, so that their facilities can be built and become operational in July 2026.
Four businesses are awaiting land handover to start developing their factories at the industrial park. Among them, Bestway has committed US$300 million in investment, while the others, which plan to invest around US$100 million, will sign investment agreements once VSIP Can Tho obtains its land use rights certificate.
