Page 2 - VSIP News QI2014

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LATEST NEWS
VSIP Binh Duong received
nearly US$600 million in FDI
February 20, 2014
marked the inauguration
of the Binh Duong Province Integrated Admin-
istration Centre at the Binh Duong New City
center. Seven of VSIP’s customers received their
investment certificates at the inauguration
ceremony which was witnessed by the Vietnam
Prime Minister Nguyen Tan Dung and key politi-
cal leaders.
Wonderful Saigon Electrics (Japan) which manu-
factures printed circuit boards and cameras mod-
ules for mobile phones was one of the recipients
at the ceremony. They have injected additional
US$240 million to their existing investment at
VSIP I thus increasing their total investment capi-
tal to US$450 million.
Kimberly Clark, a major household name of con-
sumer products from US will raise their total in-
vestment capital to US$183 million at their cur-
rent location at VSIP II to produce baby diapers
for local consumption.
Midea Consumer Electric from China has in-
creased their total investment capital to US$81
million to produce white goods for local market.
Other enterprises from VSIP who also received
their investment certificates at the ceremony in-
clude ACE Elite, Medochemie, Molenbergnatie
plast.
The commitments and pledge from the seven
enterprises in VSIP demonstrated their strong
confidence and trust in the Vietnam’s growth and
potential and also in VSIP and the province.
VSIP Management Board wi l l of f icial ly operate at the Integrated
Pol i t ical Administrat ion Center in Binh Duong New Ci ty from
Apr i l 01, 2014.
Seven VSIP’s customers ACE Elite; Camoplast Solideal Vietnam;
Kimberly Clark; Midea Consumer Electric; Molenbergnatie; Medochemie;
and Wonderful Saigon Electrics received investment certificates