The fifth project of VSIP in Vietnam and its first project in the central is VSIP Quang Ngai, which has just broke ground on 13 September 2013, witnessed by H.E. Lee Hsien Loong – Singapore Prime Minister and H.E. Nguyen Tan Dung – Vietnam Prime Minister.
VSIP Quang Ngai comprises a 600-hectare industrial park located within the Dung Quat Special Economic Zone. Separately, a 520-hectare site zoned for commercial and residential purposes will be developed near downtown Quang Ngai city. To kick-start the project, the VSIP JV will focus on a start-up area of 160 hectares for industrial park and 100 hectares for commercial and residential development.
VSIP Quang Ngai specificially offers investors preferable incentives accorded by the Government under the Dung Quat Economic Zone scheme as it is located in one of the few remaining areas in Vietnam where investment incentives are still available.