Vietnam Singapore Industrial Park J.V., ltd.
Vietnam-Singapore Industrial Park & Township or VSIP is a joint-venture between Sembcorp Development Limited (a Temasek-owned company under Singapore's Ministry of Finance) and Binh Duong's State-Owned Enterprise -Becamex Corporation since its inception in 1996 and inaugurated by the Prime Ministers from Singapore and Vietnam.
VSIP is strongly supported by the Governments of Singapore and Vietnam and won many awards in its 22-year developmental journey (Euromoney's Award as the Best Industrial Developer in Vietnam). Today, VSIP is home to over 750 manufacturers; Global MNCs and SMEs alike from 30 countries employing more than 220,000 workers. It remains the longest established and largest tenancy (combined) in Vietnam today and often cited as an iconic symbol of friendship and warm bilateral ties between Vietnam and Singapore.
Among 300 Industrial Parks in Vietnam, VSIP is considered the most successful parks in Investment attraction, technology transfer and environment protection. With the latest project in Nghe An, VSIP has established 7 industrial parks and township nationwide, value at over US$ 10.3 billion in foreign investment capital.