VietNamNet Bridge – The Quang Ngai-based Vietnam-Singapore Industrial Park (VSIP) has attracted 8 FDI projects capitalized at US$200 million in total since it got off the ground nine months ago.

These projects focus on food processing, garment making, and footwear manufacturing, with some having quite high investments.

A case in point, the UK’s King Riches Company opened a factory in late May to make shoes for export. Its second factory in Vietnam covers an area of 25 hectares and has investment capital of US$50 million.

Among the 8 projects, three plants specializing in footwear, garments and food, are under construction and due to be put into operation this September, creating 5,000 jobs for labourers.

VSIP Quang Ngai has set a target of generating 20,000 jobs for local people in central Vietnam in 2015.

As planned, VSIP Quang Ngai is divided into two areas: one for production covering approximately 600 hectares in expanded Dung Quat Economic Zone, and the other for urban and services centres covering more than 600 hectares along the Tra Khuc River.

VSIP Quang Ngai is the fifth Vietnam-Singapore industrial park built in Vietnam after similar models in Binh Duong, Bac Ninh and Haiphong.

Source: VOV