Investment policy in Vietnam - Singapore Industrial Park 3 adjusted

The Prime Minister has issued a decision approving the adjustment of investment policy of the construction investment and infrastructure business project of Vietnam - Singapore Industrial Park 3 (approved in Document No. 2139/TTg-KTN dated November 28th 2016 of the Prime Minister).

Accordingly, the adjusted project implementation location is Hoi Nghia ward of Tan Uyen town and Tan Lap commune of North Tan Uyen district. Regarding the implementation progress, the Prime Minister assigned the Provincial People's Committee to direct relevant agencies and investors to consider adjusting the scale of implementation in each phase in accordance with the progress of investment attraction, connecting infrastructure, building housing, facilities for workers... The implementation of phase 2 will be implemented, when phase 1 has filled over 60% of the industrial land that can be leased, and the provincial People's Committee is assigned to consider land allocation and land lease for phase 2 when it meets the requirements of phase 1.

Along with other industrial zones of the province, VSIP 3 is expected to soon become a green and high-tech industrial park when completed.

Reported by Ngoc Thanh - Translated by Ngoc Huynh