The Integrated Township & Industrial Park VSIP Quang Ngai starts construction

Quang Ngai – Vietnam Singapore Industrial Park Group (VSIP Group) celebrated the groundbreaking on Friday, 13 September 2013 of its fifth and latest Vietnam Singapore Industrial Park (VSIP) development located in Quang Ngai province, central Vietnam. The ceremony was witnessed by the heads of government, Prime Ministers Lee Hsien Loong of Singapore and Nguyen Tan Dung of Vietnam, signifying the continued importance of the well-established VSIP projects as a symbol of bilateral economic cooperation.

VSIP Quang Ngai will comprise a 600-hectare industrial park located in Son Tinh district, as well as a 520-hectare site zoned for commercial and residential purposes near downtown Quang Ngai city. There is an option to expand the industrial park by a further 626 hectares in the future. To kick-start the project, the developers will focus on a start-up area of 160 hectares for the industrial park and 100 hectares for commercial and residential development.
During the groundbreaking ceremony, three manufacturers were awarded investment licences in VSIP Quang Ngai. URC Central Co of the Philippines, known for its Jack & Jill brand of potato chips, will set up a US$35 million plant, while King Riches (Vietnam) Footwear Co of the Kingmaker Footwear group, a Hong Kong stock exchange-listed company, will invest in a US$20 million plant producing branded footwear. Hebei Xindadong Textiles Co of China also committed to invest US$60 million in a textile manufacturing plant. Some 11,000 jobs will be created as a result of the initial investments by these three companies. In addition, the Philippines’ Liwayway Marketing Corporation and Singapore’s OceanMaster Engineering have signed letters of intent to set up production plants for food manufacturing and marine refrigeration systems respectively.

Launch of the Sembcorp-VSIP Water Initiative
During the groundbreaking ceremony, Sembcorp, VSIP JV Co and the People’s Committee of Quang Ngai province also launched the Sembcorp-VSIP Water Initiative for Quang Ngai. In the first phase of this initiative, Sembcorp and VSIP JV Co will provide clean water to serve over 14,000 people across 10 sites in the Binh Son and Son Tinh districts of Quang Ngai province. A joint committee comprising representatives of Sembcorp, VSIP and the People’s Committee of Quang Ngai will be formed to oversee this initiative, and also assess appropriate solutions to deliver clean water to 10 other locations in Binh Son and Son Tinh in the next phase of the initiative.
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