Singapore Urban and Industrial Park Development JSC on January 6 started construction of the first phase of Hai Long Industrial Park (VSIP Nam Dinh) in northern Ninh Binh province.
The project, covering around 180 hectares in Giao Binh and Giao Hung communes, requires an estimated investment capital of over VND2.2 trillion ($84 million), invested by the Vietnam - Singapore Urban and Industrial Park Development Joint Stock Company.
The IP boasts a favourable location, situated at the intersection of new strategic infrastructure systems: the coastal road, the Nam Dinh - Lac Quan road, the Ninh Binh - Hai Phong expressway, providing convenient access to the Lach Huyen port system, Cat Bi International Airport, and other amenities in the surrounding areas. Furthermore, the project benefits from connections with other industrial centers within and outside the province, optimizing the supply chain and increasing benefits for investors.
VSIP Nam Dinh Industrial Park is oriented towards development as a low-carbon industrial park, targeting investors in light industries that apply advanced science and technology and do not cause environmental pollution. These include mechanical engineering, electrical and electronics manufacturing, pharmaceuticals, supporting industries, household appliances, garment production, and food processing.
The entire infrastructure system of the IP is expected to be completed by the fourth quarter of 2027.
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