VSIP Quang Ngai after 5-years of development

After five years of construction and development, VSIP-Quang Ngai has been a hot destination for investors.

With a modern infrastructure in accordance with the standards of “green” industrial park, VSIP Quang Ngai IP is becoming a reliable address and hot destination for domestic and foreign investors.

With a total planned area of about 1,700ha in Tinh Phong commune (Son Tinh district) and Truong Quang Trong ward (Quang Ngai city), VSIP Quang Ngai is the fifth industrial park invested by Sembcorp Group (Singapore) in Vietnam, and also the first project in Central Vietnam, completing VSIP’s location map across Vietnam.

Talking about the advantages of VSIP Quang Ngai IP, Mr. Ker Seng Hong – Deputy General Director of VSIP Quang Ngai Co., Ltd said that VSIP Quang Ngai has the advantages to satisfy investors to develop project.

Mr. Ker Seng Hong analyzed that this is the clean land fund and the synchronous investment and modern services so that when investors can deploy the project immediately.

Being located in the area of Dung Quat EZ, when investing in VSIP Quang Ngai IP, investors will enjoy as many as preferential policies.

VSIP Quang Ngai is located in an advantageous position on the highway, including the National Highway 1A, railways and waterways, enabling investors to easily connect with neighboring areas in the import and export of goods.

In addition, the Da Nang – Quang Ngai expressway has been in operation since early September, 1818, helping to connect more flexibly and faster with deep sea ports and international airports.

In particular, Quang Ngai province as well as Dung Quat Economic Zone Management Board and Quang Ngai IPs always support investors.

Currently, at VSIP Quang Ngai, there is a One-Stop-shop consisting of members who are representatives of related departments, branches and localities will directly guide and assist investors to invest in Quang NgaiVSIP in the process of implementation relevant administrative procedures and solving difficulties and problems in investment, business, construction, natural resources and environment, labor, entry and exit.

Destination for FDI investors

VSIP Quang Ngai has attracted 19 projects from 9 countries with a total registered capital of over US $ 382.6 million, with major occupations such as footwear, textiles, soft drinks, mechanical services, furniture production.

Currently, nine projects have been put into operation, creating jobs for more than 6,700 employees. It is estimated that after the 19 projects are put into stable operation, they will create jobs for about 27,500 workers. Some of the companies are operating effectively at VSIP Quang Ngai.

Nearly 5 years in operation, VSIP Quang Ngai actively participates in volunteer programs, social security for the community, with the total amount of support for the province up to VND 7.2 billion.

Mr. Le Han Phong – Deputy Head of Management Board, highly appreciates the results that VSIP Quang Ngai has achieved over the past 5 years.

He said that VSIP Quang Ngai has been contributing to the development of industry, service and urban areas; the creation of create jobs for laborers; the increase of local budget revenue that step by step bring Quang Ngai closer to the target of becoming an industrial province in 2020 as targeted.