Vietnam-Singapore Industrial Park Celebrates its 10th Anniversary

Vietnam, Sep 26, 2006

Vietnam Singapore Industrial Park J.V. Co., Ltd. is pleased to mark the 10th anniversary of Vietnam Singapore Industrial Park (VSIP) with a joyous ceremony graced by Prime Minister Lee Hsien Loong of the Republic of Singapore and Prime Minister Nguyen Tan Dung of the Socialist Republic of Vietnam.

Established in 1996 as a flagship project by the governments of Vietnam and Singapore, VSIP is a provider of fully integrated manufacturing environment to international manufacturers. The joint venture project by Becamex IDC Corporation (a Vietnamese state-owned enterprise) and SembCorp Industries (the majority Singapore consortium shareholder) has attracted 230 international manufacturers from 22 countries with investments of more than US$1.4 billion. Located in Binh Duong Province, the 500-hectare industrial park is home to tenants such as Avon, Diethelm, Kimberly-Clark, Konica, Nitto Denko and Roche. The 150 operational tenants together employ more than 40,000 workers.

VSIP is known for its unmatched customer service with the capability to support the needs of international companies from Japan, South Korea, Taiwan, US and Europe. Tenants in VSIP also enjoy full support from the provincial government who has established an on-site government management board that helps to expedite approvals of trade documents, cargo clearance and investment licences.

Encouraged by the success of VSIP, the joint venture partners have embarked on a second industrial park. Measuring 345 hectares, this VSIP II will be officially launched today. Twenty-eight international manufacturers from 10 countries have already committed investments worth US$200 million in VSIP II. The first tenant will commence operations by the end of the year.

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For media enquiries, please contact:

Mr Huynh Quang Hai
Deputy General Director
Vietnam Singapore Industrial Park
Tel: (84-650) 743898
Email: hqhai@hcm.vnn.vn

Ms Mary Ann Chan
Corporate Relations
SembCorp Parks Management Pte Ltd
Tel: (65) 6329 2542
Email: mary.anncye@sembpark.com.sg

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