[Binh Duong] VSIP 1 Industrial Park

Overview of VSIP 1 Industrial Park project

VSIP 1 Industrial Park is the first project of Vietnam – Singapore Industrial Park Joint Venture Company Limited to build and develop, with Former Prime Minister of Vietnam Vo Van Kiet and Former Prime Minister of Singapore Goh Chok Tong as honored guests. Representatives of the two Governments at the Groundbreaking Ceremony on May 14, 1996.

VSIP I has now become one of the model industrial parks with the achievements of a leading industrial park in Vietnam. Covering 100% of the area, VSIP I has attracted 231 projects with a total investment capital of about 3.2 billion US dollars. VSIP I also created 95,000 jobs for workers and contributed to the industrialization, modernization and urbanization of Binh Duong province.

VSIP I is also very successful in forming complex projects of Trade Centers – Services – Housing to create a living, playing and working environment in the Industrial Park. A typical example is the luxury apartment project The Habitat Binh Duong.

Project name: VSIP I Industrial Park
Location: Thuan An Town, Binh Duong Province
Investor: Vietnam – Singapore Industrial Park Joint Venture Company Limited
Total area: 500 hectares
Year of development: 1996

Industrial Park Administration Building

Location of VSIP 1 Industrial Park

VSIP I Industrial Park owns a strategic location in Thuan An Town, Binh Duong province. As the project is adjacent to two main roads, National Highway 13 and Road DT743, it is located in an area considered the center of the southern economic key.

Meanwhile, Binh Duong Province is considered one of the provinces with the most strongly developing new economy with investment from major foreign partners. Therefore, Binh Duong province’s GDP is very superior to the remaining provinces in the country.

Location of VSIP I industrial park

Infrastructure of VSIP Industrial Park 1

Electrical infrastructure: Vsip 1 industrial park power plant is connected to the national grid system 4×62 MVA – 110/ 22 KV transformer equal to 214.2 MW

Water: electricity and water facilities according to WHO standards with maximum capacity of 40,000 m3

Water plant of VSIP I industrial park

Telecommunications: 6000 numbers, IDD, ADSL

Wastewater treatment plant: 18,000 m3 / Day and under construction to upgrade to 22,000 m3 / day

Wastewater treatment plant VSIP I Industrial Park

Other amenities: military area, sports, canteen, post office, restaurant, dining, and shopping center.

24/7 general surveillance camera: Facility management service

Internal road of VSIP 1 Industrial Park

Current status of land use planning in VSIP 1 Industrial Park

• Total planned land area: 500 hectares
• Industrial land area available for lease: 376.04 hectares
• Area of industrial land leased: 376.04 hectares
• Remaining industrial land area: 0 hectares
• Fill rate: 100%

Using land structure

• Factory land: 368.44 hectares
• Warehouse land: 7.6 hectares
• Service land: 3.15 hectares
• Green land: 35.09 hectares
• Technical infrastructure land: 5.05 hectares
• Traffic land: 45.94 hectares

Priority areas to attract investment

• Production, assembly & car parts;
• Power electronics;
• Mechanical;
• Textile;
• Pharmaceuticals & Healthcare;
• Food & beverages;
• Supporting industries & other industries.

Investment incentive policies

Tax incentives: 2 years tax exemption, next 4 years 50% discount for new investment projects

Project planning map

Download high quality planning map file: Link

Evaluation of VSIP industrial park 1

Advantage:

• Reputable investor with many years of experience in the field of development and management and operation of industrial parks in Vietnam.
• Modern, synchronous infrastructure with good quality and green standards, with a team of security guards and quality staff.
• Support investors enthusiastically and resolve questions comfortably.
• The strategic location of Thuan An town helps investors conveniently develop their production and business activities.
• The synchronous urban and industrial park development model should help experts and employees working here have the best quality of life.
• Full of modern fire prevention plants, power plants, wastewater treatment plants, water plants, etc.

Defect:

• Prices are higher than other industrial parks.
• The land fund has run out