Vietnam, October 17, 2022 – VSIP Group has received the investment license to develop a new industrial park (period 1) in Vinh Thanh District, Can Tho City.
Can Tho City is a Class 1 city of Vietnam on par with Hai Phong City and Danang City. Can Tho is located in the Mekong Delta region of Vietnam, where the central government has announced a new master plan approving its socio-economic development for the period 2021- 2030, with a vision towards making Can Tho being a center for trade and services in the Mekong Delta region by 2030. Can Tho has the potential to build on its established aquaculture and agriculture industries, and increase its importance as a mega food-processing and distribution hub, with infrastructure investments planned under the new master plan.
The 293.7-hectare industrial park in Can Tho will be operated by the Vietnam Singapore Industrial Park (VSIP) Group. Sembcorp is the joint master developer of the VSIP projects together with its long-standing partner Becamex IDC Corporation.
The investment license was presented to the Chief Executive Officer of Sembcorp Development, Mr. Kelvin Teo, in the presence of Their Excellencies Mdm Halimah Yacob, President of the Republic of Singapore and Mr. Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam. This took place at the Hanoi Presidential Palace during President Halimah Yacob’s state visit to Vietnam this morning.