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Singaporean firm to invest 200 million USD in VSIP Nghe An

Nghe An, February 23rd, 2019 – Singapore’s Royal Pagoda Private Limited commited to invest in VSIP Nghe An with total capital of 4.65 trillion VND (200 million USD).

This is the project with the largest capital in the list of projects to receive investment approval or investment registration certificates at a meeting of investors in Nghe An province on February 23, 2019.

At this meeting held by the People’s Committee of Nghe An province, the provincial authorities announced decisions on investment approval or investment registration certificates for five other projects in VSIP Nghe An, including: EmTech Vinh Factory, Delta Vinh Garment Manufacturing Factory, Viet Duc Manufactoring And Processing Safe Glasses Factory, Manufactoring Adobe Bricks Hoang Gia Viet Project, Hoang Gia Warehouse Logistic. It was also at this conference that Great Longview Factory has signed a MOU agreement to invest in VSIP Nghe An.

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The 11th Annual Investor Meeting held by the provincial authorities of Nghe An in Cua Lo town would be an opportunity for the authorities to meet investors and to call on domestic and foreign investors and businesses to invest in the province.

VSIP Nghe An is the 7th investment in Vietnam of VSIP Group with the total land area of 750 ha. The project was launced during the ground-breaking ceremony on 16 September 2015. VSIP Nghe An has completed the construction of some key developments such as sewage treatment plant, RFB, office building and fire-fighting station. This year it continues to develop in tandem with tenants’ demand..

Today, VSIP Nghe An have 21 tenants with total investment capital of over US$260 million, generating 15,000 – 20,000 local workforce employment upon its full operation.