VSIP began life in 1995 as an initiative between the Governments of Vietnam and Singapore.

Prime  Minister (now  Minister Mentor) Lee Kuan Yew and PM Goh Chok Tong ( now Senior Minister) were early  supporters  of  the  venture,  which  completed  its  first 500  hectares industrial park, located 17km from Ho Chi Minh City center in 1996. Now, we also focus to develop an environment-friendly integrated township proving the preferred choice for all to live, learn, work and play.