Pervasiveness of model industrial parks

As the province's leading enterprise in investment, infrastructure development and investment attraction, since 1996, Becamex IDC has cooperated with Sembcorp Group (Singapore) to develop the first Vietnam-Singapore Industrial Park (VSIP) in Binh Duong. Up to now, VSIPs have not only gained economic efficiency, but also created a positive spillover and resonance effect, thereby creating a driving force to activate a synchronous socio-economic development space and infrastructure, not only for Binh Duong but for many localities throughout the country.

Strong brand of Binh Duong

Recently, in Singapore, in the presence of Prime Minister Pham Minh Chinh, a signing ceremony of a memorandum of understanding between Becamex IDC (Binh Duong, Vietnam) and Sembcorp Development LTD (Singapore) on cooperation in the formation and development of 5 green, smart and sustainable industrial zones in Vietnam in the next three years took place.

Thus, from Binh Duong, the VSIP model, after more than 25 years, has now spread to all three regions North - Central - South of the country. VSIP has become a model for concentrated industrial park development both at home and abroad. The effectiveness and wide spread of VSIP brand is also a convincing proof for a dynamic, innovative, integrated and sustainable Binh Duong.

From Binh Duong, the VSIP model, after more than 25 years, has now spread to the whole country. In photo:  Around VSIP I, there is also an urban ecosystem, civilized and modern services.

According to Gricha Safarian, General Director of Puratos Grand-Place Vietnam Co., Ltd (VSIP I), after nearly 25 years of investment in Binh Duong, Puratos Grand-Place Vietnam is one of the first FDI enterprises that invested in Binh Duong as VSIP I was just formed. Binh Duong's IPs in general and VSIPs in particular have provided investors with complete and synchronous infrastructure in a safe and efficient production environment. It can be said that VSIP is one of the model industrial park models in Vietnam, in the process of industrial park investment and development, VSIP has been constantly developing both in breadth and depth to build up large-scale, synchronous, and modern industrial parks at international level.

Nguyen Van Hung, Chairman of Becamex IDC, said that as one of the localities with the strongest industrial development in the country, Binh Duong has achieved many important results, especially planning and developing industrial zones. VSIP is the first industrial park model with its own management board, which is both thorough, flexible, and timely supports investors to solve difficulties. VSIP also develops and implements an international marketing strategy, trains dynamic staff to go to many countries to invite investment. VSIP infrastructure that ensures international standards is one of the attractive points for investors. Along with the single-window rule, the utilities serving the needs of enterprises receive attention, such as customs, telecommunications - high-speed internet connection, logistics center, medical center, etc. This has successfully built Binh Duong's industrial development brand, greatly contributed to the transformation of Binh Duong from a province with a large proportion of agriculture to a province with the highest industrial growth rate in the country.

Towards a smart industrial park

Up to now, VSIP joint venture has successfully built 12 industrial - urban - service zones (total scale of more than 10,000 ha) under the VSIP brand name in 8 provinces and cities stretching across the country (Binh Duong, Bac Ninh, Hai Phong, Hai Duong, Nghe An, Quang Tri, Quang Ngai, Binh Dinh). Currently, VSIPs have attracted more than 860 projects from 30 countries and territories, with a registered capital of up to $17 billion, creating jobs for more than 300,000 workers.

Regarding the industrial park model, VSIP continues to pioneer the development of the smart industrial park model according to the general development orientation of Binh Duong province as well as focusing on green, sustainable and environmentally friendly development. The upcoming VSIP III will be the first example of applying new management technologies as well as promoting the use of renewable energy sources such as solar power from rooftop panels or solar panels. In addition to the industrial zone planning, VSIP is also promoting a well-planned and modern residential area. Residential products at VSIP received good responses from the market, such as The Habitat, Suncasa, Suncasa Central...

Infrastructure of VSIPs is synchronously and modernly invested to meet the needs of investors. In photo:  A corner of VSIP II in Binh Duong New City.

Kelvin Teo, CEO of Sembcorp Development Group, said that the group is committed to developing projects in VSIPs in Binh Duong province. Especially developing VSIP III into a green, smart, sustainable and environmentally friendly industrial park.

According to Nguyen Van Hung, Becamex IDC, together with Binh Duong province and other partners, including Sembcorp Development Group, are continuing to explore new lands, develop industrial - urban - service zones. “We always uphold the spirit of dynamism, creativity and market-seeking, which has helped VSIP become a model for strategic thinking and foresight for the development of Vietnam in general and Binh Duong in particular in the future”, emphasized Nguyen Van Hung. 

Reported by Ngoc Thanh - Translated by Ngoc Huynh

• Vietnam-Singapore Industrial Park project in Ha Tinh inaugurated (26/06)
• Vietnam joins Algiers International Fair 2024 (26/06)
• First Vietnam-US Economic Dialogue held (26/06)
• Reviewing, completing master plan for An Binh station complex (26/06)
• Vietnamese dragon fruit makes a splash at Spinneys debut in Saudi Arabia (25/06)
• The making of green, clean, and aesthetic environment (25/06)
• Urgently completing procedures for the Government’s approval of Ben Cat drainage and wastewater treatment project (25/06)
• Vietnamese lychees become familiar to Thai consumers (23/06)