Vietnam-Singapore Industrial Park Opens in Haiphong

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Jan. 21- A US$1 billion Vietnam-Singapore Industrial Park has just opened in the northern city of Haiphong.

This is the third industrial park of its kind spearheaded by the Singapore and Vietnam government. The 1,600-hectare park is located in Vietnam’s third largest city, 100 kilometers from Hanoi with easy access to the region’s largest seaport, Haiphong Port.

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Other Vietnam-Singapore industrial parks can be found in the southern province of Binh Duong and the northern province of Bac Ninh.

During the inauguration of the park, cooperation minutes with 11 investors were signed in addition to a cooperation deal with Singaporean giant property CapitaLand reports Thanh Nien News. CapitaLand will partner with a local developer for residential towers in Ha Dong District, Hanoi, worth US$170 million. Singaporean real estate firm, Keppel Land also inked a joint venture to build villas on the Saigon River in Ho Chi Minh City.

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