Page 3 - VSIP-News-QIII-2014

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Bac Ninh, September 23, 2014
– Singapore’s Emeritus Senior Minister Goh Chok Tong and Vietnam’s Minister of
Planning and Investment Bui Quang Vinh visited the Integrated Township and Industrial Park VSIP Bac Ninh, out-
lining the close economic relationship between the two countries.
VSIP Bac Ninh is the first stop Mr Goh visited on his four-day official visit to Vietnam under the
invitation of Prime Minister Nguyen Tan Dung.
VSIP Bac Ninh is a part of Vietnam Singapore Industrial Park Company, better known as VSIP in Vietnam. This is a
joint venture between Singapore’s Sembcorp Industries and Vietnam’s Becamex Corporation. The joint venture is
considered as an icon for the economic cooperation between Vietnam and Singapore.
Established in 2007, VSIP Bac Ninh covers an area of 700 hectares, including 500 hectares of industrial land and 200
hectares of township. To date, the industrial park attracted 51 companies from Japan, Europe, the US, South Korea,
Taiwan, and ASEAN countries with the total investment capital of $1.13 billion. VSIP Bac Ninh is proud to house the
following companies like Foster, Mapletree, Nokia, and Pepsico.
In another development, on July 15,Vi-
etnam’s Minister of Planning and Invest-
ment Bui Quang Vinh and the delegates
toured VSIP Binh Duong and visited some
tenants affected by the May riot. During
his visit, Mr Vinh listened to issues raised
by the affected investors and committed
to propose supporting policies and pro-
grams to the Government leaders after
the visit to assist these companies.
Singapore’s Emeritus Senior Minister and former Prime Minister
Goh Chok Tong visited VSIP Bac Ninh
Minister Bui Quang
Vinh visited VSIP Binh