The Vinh Thanh Industrial Park, or the Vietnam-Singapore Industrial Park (VSIP) Can Tho, in the Mekong Delta’s Can Tho city, will call for foreign investors in green and sustainable industries, according to Mr. Kelvin Teo, CEO of Sembcorp Development and Co-Chairman of the VSIP Group.

Speaking at a working session with city authorities on June 14 to discuss the implementation of the VSIP Can Tho project, Mr. Teo said major customers from Japan, South Korea, and Europe are looking to secure land for factory construction in the second and third quarters of 2024.

Secretary of the city’s Party Committee Nguyen Van Hieu said VSIP Can Tho is the first large-scale industrial park in the Mekong Delta and work is underway for land to be handed over for investors to launch projects next year.

Mr. Hieu suggested the VSIP Group call for investment in agro-fishery processing, logistics, and warehouses.

On October 17, 2022, the Prime Minister approved investment in the first phase of VSIP Can Tho, which covers 293.7 ha of land in Vinh Trinh commune, Vinh Thanh district. Total investment is estimated at VND3.718 trillion ($152.6 million).