Binh Duong: VSIP III to be developed into green, smart industrial park
Chairman of the People’s Committee of the southern province of Binh Duong Duong Vo Van Minh had a working session with CEO of Semncorp Development of Singapore Kelvin Teo on January 12 to discuss the firm’s investment in Vietnam – Singapore industrial park projects in the locality.
Binh Duong (VNA) – Chairman of the People’s Committee of the southern province of Binh Duong Duong Vo Van Minh had a working session with CEO of Semncorp Development of Singapore Kelvin Teo on January 12 to discuss the firm’s investment in Vietnam – Singapore industrial park projects in the locality.
According Teo, the investment model of the Vietnam-Singapore Industrial Park (VSIP) Joint Venture has developed successfully in Vietnam in general and Binh Duong in particular.
Semncorp is particularly interested in developing projects in VSIPs in Binh Duong, especially developing VSIP III into a green and smart IP without industrial waste, he said.
Binh Duong province's investment environment is increasingly favourable thanks to the right planning, which focuses on industrial and urban development and promoting service sector, Teo said.
(Photo: Binh Duong Newspaper)
According to Minh, Semncorp’s investment focuses on developing industrial park infrastructure chain.
He suggested the group continue its research and implement new projects in trade, urban development, and transport infrastructure associated with developing VSIPs.
So far, Binh Duong has been home to 4,085 investment projects with a total registered capital of 39.7 billion USD from 65 countries and territories. The province ranks second among the localities nationwide in attracting foreign direct investment (FDI) capital.
Taiwan (China) tops the list of foreign investors in Binh Duong with 863 projects worth over 6.2 billion USD. It was followed by Japan with 341 projects (5.8 billion USD), and Singapore with 277 projects (5.4 billion USD).
The VSIP III has just drawn more than 1 billion USD from LEGO Group, whose factory is expected to be put into operation in early 2024./.
Lego Group pins high hope on its project in Vietnam as this will be the first carbon neutral factory of the Danish firm across the world and its second in Asia, a high-ranking official of the Danish toy production company has said.
Investors in Vietnam have paid more attention to developing green and clean industrial parks, focusing their investment on wastewater treatment systems, planting more trees and attracting clean production enterprises.
Singaporean Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat visited Vietnam-Singapore Industrial Park (VSIP) 1 in the southern province of Binh Duong on September 14, during which he hailed the VSIP as the most successful model in Vietnam-Singapore partnership.
Singapore’s President Halimah Yacob and her husband will pay a State visit to Vietnam from October 16-20 at the invitation of President Nguyen Xuan Phuc.
President of Singapore Halimah Yacob visited the Vietnam-Singapore Industrial Park (VSIP) in Tu Son city, the northern province of Bac Ninh, on October 18 as part of her ongoing State visit at the invitation of President Nguyen Xuan Phuc.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
VSIP III in Binh Duong (Photo: VNA) 
(Photo: Binh Duong Newspaper) 
