VSIP Binh Duong

• Land Development

Developed as Singapore and Vietnam’s joint maiden industrial park project, the first Vietnam Singapore Industrial Park (VSIP) was established in the Binh Duong province in 1996. VSIP Binh Duong is located in Vietnam’s Southern Economic Corridor, close to Vietnam’s commercial hub, Ho Chi Minh City. This region offers a dynamic and diverse business environment that has allowed the Binh Duong province to enjoy rapid economic growth.

VSIP Binh Duong is a prominent symbol of the industrialisation advancements achieved by the province. Originally launched as a 500-hectare development in the Thuan An District, a second 2,045-hectare park – VSIP Binh Duong II – was set up in 2006 within Binh Duong New City just 18 kilometres north of VSIP I. Binh Duong New City is being developed by the provincial government as the second largest city in southern Vietnam after Ho Chi Minh City. In 2019, a third 1,000-hectare park was set up to serve the Binh-Duong-Dong Nai manufacturing cluster in Southern Vietnam.

VSIP Binh Duong attracts a mix of tenants from the electronics and electrical, precision engineering and pharmaceutical sectors, consumer goods including food and apparel industries, as well as supporting industries. Today, VSIP Binh Duong has evolved into an integrated township where residential spaces and commercial districts are interspersed within the industrial parks. It is one of the most successful integrated developments in Vietnam with customers from 23 countries around the world choosing to establish their long-term investment projects here.