Strong reputation In Binh Duong province, Becamex IDC is one of the top players in the investment and development of industrial zones, residential areas, urban complexes, and transport infrastructure. VSIP Group, meanwhile, is a joint venture rooted in Binh Duong between Becamex IDC and Singaporean partner Sembcorp Development. Before this ceremony, VSIP’s string of 09 projects across the country attests to Vietnam’s tremendous appeal to foreign investors, drawing them in to set up production bases serving domestic and international markets.
The ceremony also saw the signing of MoUs on the same day which marks the investment expansion efforts of domestic and international investors with successful development records at industrial zones under the management of Becamex IDC and VSIP Group. This happy start attests to the real potential of developers Becamex IDC and VSIP Group for project development.
The project is expected to help Binh Dinh attract about $2 billion into industrial production, creating jobs for 120,000-150,000 laborers in Binh Dinh and nearby localities after coming on stream. It also helps elevate Binh Dinh’s competitiveness economically, improve social and technical infrastructure, and will contribute more than VND400 billion ($17.3 million) to the state coffers annually.