In June 2024, the Vietnam Singapore Industrial Park Joint Venture Co. (VSIP) commenced construction on a new facility in Ha Tinh province.
The VSIP Ha Tinh industrial park is the second VSIP project to break ground within a month, following VSIP Lang Son in the northern border province. The province has allocated 8.5 hectares outside the housing facility and plans to designate part of the industrial park’s area for residential development.
The facility is designed to be a green and modern complex, focusing on industries such as electronics, electricals, semiconductors, precision mechanics, textiles and apparel, footwear, energy, electric vehicle (EV) batteries, metals, automobile parts, and food processing.
Besides VSIP Ha Tinh, Sembcorp Industries also announced plans to add three more industrial parks under the VSIP model, increasing the total to 18 VSIPs covering 11,588 hectares.
Vietnam has emerged as a leading destination for investment in industrial infrastructure development. Recently, Japanese conglomerate Marubeni and Thai developer Amata formed a strategic partnership to develop the Amata City Ha Long industrial park in Quang Ninh province.
Amata subsidiary Amata VBN confirmed the partnership following MC Economic Estate Development Vietnam Corporation, a Marubeni subsidiary, acquiring a 20% stake in Amata City Ha Long JSC, the operator of Amata City Ha Long, also known as Song Khoai industrial park.
Amata City Ha Long has attracted 18 foreign direct investments (FDI) totaling over USD 2.6 billion, with significant investors including Autoliv, Foxconn, Jinko Solar, Tamagawa Seiki, and Parts Seiko.
Marubeni’s involvement is expected to enhance the facility’s sustainable development and attract more investors, particularly from Japan. The strategic alliance positions Amata City Ha Long for continued growth and reinforces its status as a premier industrial park destination in Vietnam.
(Source: The Investor)
