HCMC – The Government has green-lit a nearly-600-hectare industrial park in the northern province of Lang Son, which will be developed by Vietnam Singapore Industrial Park J.V. Co. (VSIP).
The VSIP Lang Son Industrial Park will be developed in three phases in Huu Lung District.
In the first phase, VSIP will have an area of 200 hectares and be expanded to around 250 hectares in the second phase. The remaining area is set to be developed in phase three.
The cost of the entire project is estimated at around US$275 million, equivalent to VND6,360 billion.
VSIP is a joint venture between Binh Duong-based Becamex IDC Corporation and Sembcorp Development Ltd., a subsidiary of Singapore’s Sembcorp Industries, a leading energy and urban solution provider.
Until now, VSIP has developed 13 industrial parks in nine provinces and cities nationwide.
VSIP has signed deals with nine provinces to develop smart and sustainable industrial parks, namely Binh Phuoc, Tay Ninh and Binh Thuan in southern Vietnam; Khanh Hoa and Thua Thien Hue in central Vietnam; Ha Tinh and Thanh Hoa in north-central Vietnam; and Thai Binh and Nam Dinh in northern Vietnam.