Can Tho begins construction of Vietnam-Singapore Industrial Park project
VOV.VN - The Mekong Delta city of Can Tho City broke ground on September 9 for the first phase of the Vietnam - Singapore Industrial Park (VSIP) in Vinh Thanh district.
Phase 1 of VSIP Can Tho will sit on 293.7ha of land with a total investment of over VND3.7 trillion (equivalent to US$153.8 million). It is expected to create between 20,000-30,000 jobs upon completion.
During this phase, the project will also supply support services for factories in nearby areas and Can Tho at large, along with those for labourers working at the VSIP.
Addressing the ground-breaking ceremony, Tran Viet Truong, headof the Can Tho municipal government, expected that the scheme would soon be brought into operation, to serve investors in Can Tho City and the Mekong Delta in general.
Local authorities are fully committed to creating the best possible conditions for domestic and foreign enterprises to do business in the locality, Truong stressed.
Koh Chiap Khiong, CEO of Singapore & Southeast Asia at Sembcorp Industries, said VSIP Can Tho will be built following the smart and sustainable industrial park model.
It is expected to become a large food processing and distribution centre in the southern region to support investors' demands in supply chain, he noted.
During the ceremony VSIP signed memoranda of understanding on investment with 12 financiers for land lease and business cooperation.
VSIP, formed by Sembcorp of Singapore and Becamex IDC of Vietnam, is the biggest industrial park developer in the country at present. Since the first taking shape in Binh Duong in 1996, so far 13 such VSIPs have been put into operation nationwide. VSIP Can Tho is the first of its kind in the Mekong Delta region.
