Investment Vietnam
Vietnam Industrial Parks and Export Processing Zones
VIETNAM - SINGAPORE INDUSTRIAL PARK
Vietnam-Singapore Industrial Park (VSIP) is a project which is supported by both the Vietnamese and Singaporean governments and coshared by local and foreign partners. It is owned by Vietnam Singapore Industrial Park JV Co., Ltd. and managed by Vietnam-Singapore Industrial Park Management Board.
VIETNAM-SINGAPORE INDUSTRIAL PARK JV CO., LTD.
Address: VSIP Building , 8 Huu Nghi Blvd, Vietnam -Singapore Industrial Park, Thuan An District, Binh Duong Province .
Tel: (0650) 743898 Fax: (0650) 743868 Email : hvsip_mktg@hcm.vnn.vn
General director: Tran Quang Lan - Deputy general director: Henry Chuah.
VIETNAM-SINGAPORE INDUSTRIAL PARK MANAGEMENT BOARD
Manager: Tran Van Loi - Vice manager: Ly Hung.
1. LOCATION
Located in Thuan An District, Binh Duong Province, VSIP has the following geoeconomic advantages:
- 17km north of HCM City and 35 minutes' car drive from Tan Son Nhat Airport .
- 35-40 minutes' car drive from the main sea ports and river ports in the HCM City-Dong Nai-Binh Duong-Ba Ria-Vung Tau economic hub.
- Bordering with National Highway 13 linking HCM City with Binh Duong and the Central Highlands .
- 7km from National Highway 1.
Construction of VSIP began in 1996, with a total area of 500 ha. To date, 100% of the infrastructure for the first phase (100ha) and 70% for the second phase (200ha) have been completed. The remaining 200ha for the third phase will be developed in 2003.
2. INFRASTRUCTURE a) Transport
The main roads in the industrial park are 32m wide, branch roads 26.2m and service roads 21.4m wide. All the roads are asphalted and can receive vehicles of up to 30 tons.
The 6 lane National Highway 13 and Provincial Road 743 are two main routes to link the industrial park with neighboring provinces and the national transport system.
b) Communication
A total of 1,200 telephone lines are already installed. The optical fiber cable system can connect telecom applications to leased lines.
c) Utilities
Power supply: a 120MVA power plant operates with 15MVA in the first phase.
Water supply: a water plant with a capacity of 40,000 m3/day. Its first phase capacity is 12,000 m3 /day. A reserve water tank to contain l,500mVday.
Waste water treatment: a waste water treatment plant with a capacity of 30,000 cubic meters per day. Its first phase capacity is 6,000 cubic meters per day.
Services: a service center provides banking, forwarding, health care, shopping, and office machine repair and maintenance services; and a canteen to serve workers.
Fire fighting: a system of hoses along inbound roads. Security guards provided with fire fighting skills are on duty round the clock.
VSIP designs and builds an industrial park with perfect infrastructure and support services in order to attract clean and hi-tech industries.
3. INVESTMENT SUPPORT
A technical training center (a venture between Vietnamese and Singaporean governments and VSIP) trains midgrade technicians in electronics, electrical maintenance, mechanical maintenance, and machine production to supply for investors in the industrial park.
A lowprice housing complex creates favorable conditions for investors who employ many workers to manage and transport workers.
Vietnam-Singapore Management Board has the authority to issue investment licenses and other formalities such as export-import licenses, construction licenses, recruitments, etc. Its one stop services are simple and flexible. The VSIP customs helps investors prepare export-import procedures quickly on location.
4. LAND RENT AND OTHER FEES {VAT included)
a) Land rent: US$ 38/m2 until 2046
b) Infrastructure maintenance fee: US$.07/mVmonth
c) Power price:
Peak hours: ( 4 a.m.-10 p.m. ): USS0.08/kWh
Ordinary hours ( 10 p.m.-4 a.m. ): US$0.075/kWh
d) Water price: US$ 0.31/m3
e) Waste water treatment fee:US$ 0.19/mJ.
5. INVESTMENT ATTRACTION
By May 2002, VSIP had received 82 investors with an investment capital of more than USS500 million (one investor from Vietnam and the remainder from 20 other countries).
VSIP has leased 90% of land of the first phase and 45% of the second phase. A total of 55 projects are in operation and the others are under construction. More than 12,000 workers are employed in the industrial park.
The main business fields of VSIP tenants are electronics, pharmaceuticals, food processing, consumer goods, precision mechanics, construction materials, etc.
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