12 VSIP industrial parks, Saigon Center and Singapore’s landmark projects in Vietnam
After 50 years of establishing diplomatic relations and 10 years of establishing the strategic partnership, the relationship between Vietnam and Singapore has developed extensively and effectively in many fields. Singapore’s total registered capital in Vietnam has reached over 70 billion USD with many large projects. Typically 12 VSIP industrial parks in 9 provinces. Pictured is VSIP I industrial park located in Di An city, Binh Duong province, belonging to Vietnam-Singapore Industrial Park Limited Company (VSIP) – a joint venture between Sembcorp Group (Singapore) and Becamex Corporation IDC.
These industrial parks have a high occupancy rate (about 83.2%), attracting up to 17.6 billion USD of total investment capital for about 900 projects, creating nearly 300,000 jobs. In the photo is the beverage factory of Tan Hiep Phat Group in VSIP industrial park, Binh Duong.
Singapore also invests in Vietnam in the field of digital economy. In December 2021, the Management Board of Ho Chi Minh City Hi-Tech Park (SHTP) granted an Investment Registration Certificate to Worldwide DC Solution Company of Singapore to invest in a data center project with a total investment of 70 million dollars. The project will be located in Tower 7 of OneHub Saigon Complex with a total construction floor area of over 18,000 m2, expected to operate in 2025.
Besides industrial production, logistics and the digital economy, Singapore businesses also promote green economic investment. Sembcorp Group also invests in the application of 4.0 technology at Eastern International University (EIU) with the desire to attract talents, train high-quality human resources to meet the production and business needs of the company. smart factories in Binh Duong. Pictured is Eastern International University in Thu Dau Mot, Binh Duong.
Vietnam is also an important market for Singaporean real estate investors such as Keppel Land, CapitaLand, Sembcorp Development, Frasers Property… Pictured is the Saigon Center tower with a total investment of about 270 million USD, located on the street. Le Loi (District 1, HCMC) of Keppel Land Watco. This is a joint venture enterprise contributed by Keppel Land Group (Singapore), Vietnam Rivers Corporation and Saigon Real Estate Corporation.
Up to now, the projects Saigon Center I, II, III have been completed, becoming the busiest commercial center in the city. HCM. The commercial center section is 7 floors high, gathering more than 400 domestic and international brands as well as the first 15,000 m2 department store in Vietnam of Takashimaya – a Japanese retailer.
In addition, Keppel Land also invested in the Empire City Thu Thiem project (Thu Duc City). The project has an area of 14.5 hectares, which is planned into a complex of commercial centers, hotels, offices, apartments … according to international standards. In particular, the 88-storey multi-functional building is the highlight.
CapitaLand is currently one of the major real estate investors in Vietnam with 2 complex projects, over 13,000 apartments in 17 housing projects and a retail area in Ho Chi Minh City. Ho Chi Minh City and Hanoi. Pictured is the Zenity project located on Vo Van Kiet Boulevard (District 1, Ho Chi Minh City) with 198 luxury apartments. Previously, investor Capitaland Development has implemented many large-scale apartment projects in Ho Chi Minh City. HCM such as: Feliz en Vista, Vista Verde, Define…
Located right in the heart of District 1, Melinh Point is a 22-storey commercial building invested by real estate group Frasers Property. The building is like a slanted architectural block covered with red-brown natural stone and green glass facade.
Singapore businesses also make a mark in Vietnam in the jewelry industry. Since 2016, Norbreeze Group has been present in Vietnam and is the exclusive distributor of Pandora jewelry brand in Indochina. Norbreeze currently owns 13 stores in Ho Chi Minh City. Ho Chi Minh City and Hanoi. In addition, the company also cooperates with many strategic partners such as PNJ (Vietnam), Cocomi (Singapore) and many businesses in Cambodia, Myanmar…
Nova F&B of NOVA Group is an enterprise that has transformed its operating model and received the trademark right of Jumbo Seafood restaurant. This is a famous culinary brand in the lion island nation with seafood dishes such as chili crab, lobster, king crab… In early May 2022, the brand opened its third branch in Ho Chi Minh City. Ho Chi Minh City with the design highlight is the image of “Carp turns into a dragon”.
According to Market Life /
at Thuvienpc.com – Source: Soha.vn – Read the original article here