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Economics

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Second stage of 2001-2011: Vietnam-Singapore Industrial Parks contributed over USD 348 million to the budget

Vietnam-Singapore Industrial Parks Authority reported of dramatic increase of budget contribution from the the industrial parks notably from nearly USD 9 million in 2001 to USD 60 million in 2011. The total amount of the ten years is USD 348.4 million, creating jobs to 106,096 domestic and foreign people. Chairman of Provincial People’s Committee, Mr. Le Thanh Cung hands over investment certificate to one new enterprise investing into VSIP The authority started to build the first industrial park in 1996 as the first ever cooperation between the two governments of Vietnam and Singapore to promote Vietnamese economic position in the region and globally.The following up industrial parks of VSIP II and VSIP IIA have helped to attract over 400 investment projects at over USD 3.6 billion. In 2012, more projects have been established in Vietnam-Singapore industrial parks with newly registered and increased capital of USD 30 million including projects of Biomin Vietnam Co. Ltd. at USD 8 million, Nitto Denko Vietnam at USD 24.5 million, SG Battery Vietnam Co. Ltd. at USD 20.8 million, II-VI Vietnam Co. Ltd. at USD 15.55 million, Seebest Co. Ltd. at USD 14.7 million, Wonderful Saigon Electrics Co. Ltd. at USD 150 millin, Glatz Paper Vietnam Co. Ltd. att USD 11 million, Saigon Stec Co. Ltd. at USD 175 million.Reported by T.Minh – Translated by Vi Bao
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