Proposing to the Government for approval the project of a 900-hectare industrial park in Can Tho, invested by VSIP

Can Tho City has submitted to the Government for approval of the 900-hectare industrial park project invested by Vietnam-Singapore Industrial Park Limited Company (VSIP).

At the meeting of press agencies and radio stations in the second quarter of 2022 of the Can Tho City People’s Committee taking place on July 22th, Mr. Duong Tan Hien, Vice Chairman of Can Tho City People’s Committee, said that the industrial park project invested by VSIP in the city of Can Tho. Vinh Thanh district has completed the procedures and submitted them to the Government for approval. “It is possible that this July, the Government Office will sign an investment approval for the VSIP industrial park project,” he said.

According to Mr. Hien, the VSIP industrial park project has an investment scale of about 900 hectares, of which in the first phase, the project has approved the assignment of 297.3 hectares to VSIP. “This is a project that is considered by the city as a resource calling for investment, making a great contribution to the local socio-economic development,” he said.

Previously, at the conference to implement the Resolution of the National Assembly on piloting several specific mechanisms and policies for the development of Can Tho city in April 2022, Mr. Le Quang Manh, Secretary of the Can Tho City Party Committee, Mr. The local Vietnam-Singapore industrial park project is one of three large-scale projects deployed by the locality.

According to Mr. Manh, the investor wanted to set up an industrial park with a scale of 1,600 hectares, but initially, the locality only accepted over 290 hectares to consider the actual implementation of the investor. “They committed that after 12 months from the start of infrastructure work, they will fill up 50% of this 290-hectare area,” Manh said.

In addition to the above project, according to Mr. Manh, the other two projects in the local focus are the Agricultural Production Linking Center project and the O Mon Energy Center project.

Regarding industrial parks, at the press conference, Mr. Hien suggested relevant local departments and agencies review the effectiveness of projects to delete or reduce the scale of the project.

“I suggest departments and branches review in the direction of recommending that the Government delete the planning with unfeasible projects,” he said.

VSIP was established in 1996 and is a joint venture between Industrial Development and Investment Corporation (Becamex IDC Corp) and Sembcorp Industrial Parks Group of Singapore. VSIP is one of the very successful joint venture companies in investing and developing industrial park infrastructure in Vietnam, in which, there are model industrial parks in Vietnam such as VSIP I, VSIP II, VSIP II expansion, and VSIP Bac Ninh. VSIP is also one of the leading industrial parks in the country in attracting foreign investment from multinational companies serving both domestic and export markets.

Source: Kinh te Sai gon