Over the past time, the Vietnam-Singapore Industrial Park (VSIP) Management Board focused on infrastructure development, contributing to perfecting investment climate and absorbing more investors.
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Production of Dai Tay Duong Garment Company at Thuan An town-based VSIP 1
Infrastructure perfected
Province-based VSIP 1 and VSIP 2 have so far perfected their infrastructure and 100% of their land for industrial production have been covered by investors. VSIP II-A and Mapletree’s infrastructure facilities are under construction.
VSIP 1 has fulfilled its infrastructure construction under the detail plan approved on a total area of 477.9 hectares. The capacity of its waste water treatment plant has also been raised to 18,000 cubic meters a day. The waste water treatment plant is being expanded to be able to increase its daily capacity by 6,000 cubic meters.
Whilst, VSIP 2 has also completed its infrastructure construction under the detail plan on a total area of 330 hectares. Nguyen Phu Thinh, General Director of the VSIP Joint Venture Company, the investor of VSIP 2 said that 100% of the IP’s rain water, waste water drainage and traffic system has been perfected. The IP has also built its concentrated waste water treatment system in accordance with each period with a total amount of waste water estimated at around 12,000 cubic meter a day. The phase 1 of the system has also been perfected with the daily capacity of 6,000 cubic meters.
Till now, 100% of VSIP 2’s land for industrial production have been hired by investors. The IP focuses on absorbing hi-tech, clean and environmentally friendly industries. Hence, enterprises in the IP have signed deals with waste treatment and collection units as stipulated.
It is known that so far, there have been 775 out of VSIP 2’s 1,008 hectares with infrastructure perfected and the IP is expected to have additional 80 hectares with infrastructure construction in 2015. Le Hung, Deputy Head of the VSIP Management Board said that infrastructure construction at Ips under the plan has contributed to absorbing more investors.
Marketing boosted for investment attraction
Since early this year, the production and business activities of enterprises at province-based VSIPs have continued reaching a stable growth. Their total investment capital implemented in Q1 2015 was estimated at US$130mln, up 30%; total revenue was US$1.4bln, a year-on-year of 40%.
Manufacturing and processing industries of electronics, garment, footwear, food…with a great proportion on investment capital in the VSIPs have worked very stably and regularly received orders. Vo Van Minh, Deputy Director of Dai Tay Duong Company in VSIP I said that since early this year, the company has exported around 60,000 products into two main markets Germany and US every month.
According to Mr.Hung, the VSIP Management Board will further grasp the production and business activities of enterprises for timely support in the coming time. The Management Board will also continue suggesting industrial park infrastructure investment and development companies to boost marketing, absorbing new investment projects; recheck and catch capital-increasing demand of projects that are underway, creating favorable conditions for their production and business expansion in Q2 2015.
Province-based VSIPs are expected to attract additional 6 new investment projects and 10 extra-ones in Q2 2015.
Reported by Phuong Le-Translated by K.T
