Thứ 3, Ngày 23/08/2022, 16:00
BIDV and VSIP signed a credit contract worth 4,600 billion VND to implement VSIP III project
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​PORTAL - On the afternoon of August 22, at the Provincial Convention and Exhibition Center, the signing ceremony of a credit contract to sponsor the investment project on the construction of Vietnam-Singapore III Industrial Park (VSIP III) took place in Binh Duong between Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and VSIP Joint Venture Company Limited.

​Attending the ceremony were Mr. Nguyen Hoang Thao - Permanent Deputy Secretary of the Provincial Party Committee; Mr. Nguyen Van Danh - Vice Chairman of the Provincial People's Committee (PPC); Mr. Nguyen Van Hung - Chairman of Becamex IDC Corp's Board of Directors; Mr. Nguyen Phu Thinh - General Director of VSIP J.V. Co.,Ltd; Mr. Phan Duc Tu - Chairman of BIDV's Board of Directors; representative leaders of provincial departments and branches.

The cooperation between BIDV and VSIP started in 2003 to develop VSIP I in Binh Duong. In 2006, the two units continued to jointly develop VSIP II, VSIP II - A and continuously expanded cooperation across the country with VSIP Quang Ngai (2013) and VSIP Nghe An (2015).


Leaders of BIDV and VSIP J.V. Co.,Ltd sign a credit contract to sponsor the investment project on the construction of VSIP III under the witness of provincial leaders, departments and branches

After nearly 20 years of companionship, BIDV and VSIP continued to tighten the strategic partnership between the two units when signing the Credit contracts to sponsor the VSIP III development with a total funding amount of up to 4,600 billion VND (equivalent to about 200 million USD).

BIDV, with the position of the largest commercial bank in Vietnam in terms of total assets, has a wide network of operations throughout the country in general and Binh Duong province in particular, will provide a variety of modern banking products and services to support the two units to develop together. In particular, BIDV has experience in serving more than 15 million individual customers and more than 340,000 corporate customers (including more than 6,400 foreign direct investment (FDI) enterprises nationwide and more than 1,000 FDI enterprises in Binh Duong province).


Mr. Nguyen Phu Thinh - General Director of VSIP J.V. Co.,Ltd speaks at the ceremony

Speaking at the ceremony, Mr. Nguyen Phu Thinh - General Director of VSIP J.V. Co.,Ltd emphasized, as one of the leading industrial park developers in Vietnam, VSIP will effectively use the BIDV-sponsored capital to successfully invest in construction and develop the project, bringing economic efficiency to the sides, contributing to the economic and social development as well as attracting investment of Binh Duong province. He also believed that, following the success of VSIP projects deployed across the country, the VSIP III project will continue to become a highlight and attractive destination in the eyes of domestic and foreign investors, and will be a typical model of a synchronous, smart, green - environmentally friendly, sustainable and modern industrial park following the development orientation of Binh Duong province and the Government of Vietnam.


Mr. Nguyen Hoang Thao (4th from left) - Permanent Deputy Secretary of the Provincial Party Committee; Mr. Nguyen Van Danh (2nd from left) - Vice Chairman of PPC present a flower stand from Provincial Party Committee, People's Council, People's Committee, Provincial Committee of Vietnam Fatherland Front to congratulate the ceremony

VSIP III is built on a land fund of 1,000 hectares in Hoi Nghia ward, Tan Uyen town and Tan Lap commune, Bac Tan Uyen district with a total estimated investment capital of about 13,300 billion VND. VSIP III aims to be a model industrial park with strict standards on environment, safety, facilities and utilities through the application of smart technology, etc. When completed, this will be a synchronous, smart, green, environmentally friendly and modern industrial park.

VSIP III will be an attractive destination for domestic and foreign investors. Up to now, there have been many outstanding projects registered to invest in the project, which can be mentioned as: Project of LEGO Group (Denmark) with a scale of 1 billion USD on an area of 44ha, is expected to build the first carbon-neutral factory, powered by renewable energy sources in the industrial park; project of Pandora Group with an investment scale of 100 million USD to build the first jewelry manufacturing site in Vietnam, meeting 60 million jewelry products per year and creating jobs for more than 6,000 workers and more than 40 domestic and foreign corporations and companies interested in learning about production development capabilities at VSIP III.

Reported by Mai Xuan- Translated by Thanh Tam

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