Hai Duong signed a memorandum of cooperation to develop industrial park infrastructure with a Singaporean enterprise.

During the official visit to Vietnam of Singaporean Prime Minister Lee Hsien Loong, on the morning of August 29, at the Government headquarters, Prime Minister Pham Minh Chinh and Prime Minister Lee Hsien Loong attended the Conference to promote the implementation of Vietnam-Singapore investment cooperation projects.

The conference was organized by the Ministry of Planning and Investment, the Government Office, the Embassy of the Republic of Singapore in Vietnam in coordination with the Vietnam-Singapore Industrial Park Joint Venture Company (VSIP).

Also attending the conference were the spouses of the two Prime Ministers and more than 500 delegates, including leaders of ministries, branches, provinces, cities and more than 150 businesses from Vietnam and Singapore.

At the conference, the leaders witnessed the announcement of the Vietnam-Singapore investment cooperation memorandum, including the cooperation agreement to develop 12 new VSIP projects in localities of Vietnam. These 12 projects include 1 project in Hai Duong, the rest in the provinces and cities of Hai Phong, Nam Dinh, Khanh Hoa, Ninh Binh, Tay Ninh, Thanh Hoa, Ha Tinh, Thua Thien Hue, Binh Phuoc, Quang Ngai, Thai Binh.

Specifically, Vice Chairman of Hai Duong Provincial People's Committee Tran Van Quan and Mr. Huynh Quang Hai - Permanent Vice Chairman of VSIP Group; Chairman of VSIP Northern Region, VSIP Central Region & Southwest Region representing Vietnam-Singapore Urban and Industrial Park Development Joint Stock Company (abbreviated as VSIP JSC) signed a memorandum of understanding on cooperation in the field of industrial park infrastructure development.

Accordingly, VSIP JSC will research, survey, plan, invest and develop industrial parks in Hai Duong province in a smart, modern and environmentally friendly direction, creating a breakthrough in industrial development with high added value.

Attract investment in projects in the fields of processing, manufacturing, high-tech industry, high added value, deeply participating in the global value chain, not resource- and labor-intensive.

On behalf of the leaders of Hai Duong province, Vice Chairman of the Provincial People's Committee Tran Van Quan acknowledged VSIP's proposal and committed to creating favorable conditions to support investment procedures in accordance with Vietnamese law.

According to the synthesis of the Provincial Industrial Parks Management Board, Singapore currently has 14 projects with a total investment capital in industrial parks in Hai Duong of 171 million USD.

Cam Dien-Luong Dien Industrial Park, with VSIP Hai Duong Co., Ltd. as the infrastructure investor, was established in 2018 with a total area of ​​149.23 hectares. To date, this industrial park has attracted more than 30 investment projects, with an occupancy rate of nearly 100%.