Vietnam - VSIP 1 Bình Dương
Established in 1996 through collaboration between the Vietnam and Singapore governments, Vietnam Singapore Industrial Park (VSIP) Binh Duong is a joint venture between Becamex IDC Corporation and a Singapore consortium led by Sembcorp Development. Over 16 years, VSIP I has evolved into a premier industrial park in Vietnam, attracting significant investments, facilitating technology transfers, and emphasizing environmental sustainability for multinational companies targeting both domestic and export markets.
Development and Achievements
VSIP I’s development commenced with the VSIP I Industrial Park Development Project in Thuan An District (now Thuan An Town), Binh Duong Province, marked by the Groundbreaking Ceremony on May 14th, 1996. Notable dignitaries such as former Vietnamese Prime Minister Vo Van Kiet and former Singaporean Prime Minister Goh Chok Tong attended the event, symbolizing bilateral cooperation.
Over time, VSIP I has emerged as a role model among industrial parks in Vietnam. Fully occupied, it has attracted 231 projects with a collective investment surpassing 3.2 billion USD, generating employment for approximately 95,000 individuals and contributing significantly to Binh Duong province’s industrial, modernization, and urbanization efforts.
The industrial park has successfully integrated commercial, service, and urban centers, fostering a conducive and sustainable environment. An example of this integration is the Habitat Binh Duong high-end apartment project, strategically positioned near AEON Mall Binh Duong Canary.
Additional Details for VSIP Binh Duong
- Total area: 500 hectares
- Plot sizes; Minimum 1,000 sqm
- Electricity supply; 141 MVA
- Wastewater treatment: 30,000 M3/day
- Water supply: 40,000 M3/day
- Telecommunications: 6,000 lines
- Ready built factories: Minimum area from 1,000 sqm
Tenants at VSIP 1 Binh Duong
Huhtamaki aims to be the global leader in sustainable packaging solutions. They prioritize innovative products ensuring food hygiene and safety both on the shelf and on-the-go, supporting food affordability and accessibility worldwide. Operating globally, they serve foodservice, food packaging, and everyday necessities sectors. Their business is organized into three segments: Fiber and Foodservice Europe-Asia-Oceania, North America, and Flexible Packaging.
Wonderful Saigon Electrics Co., Ltd.
Established in 2005, Wonderful Saigon Electrics is celebrating its 18th year. It is wholly owned by Sun-S Corporation in Hiroshima, Japan, inheriting Sun-S’s philosophy of creativity, enthusiasm, harmony, and quality products. The company specializes in electronic component manufacturing, including camera modules for smartphones, fingerprint sensors, and automotive cameras. They prioritize high-standard clean rooms and precision component manufacturing to meet customer quality, cost, and delivery requirements.
Takako Vietnam (TVC), a 100% Japanese-owned company, specializes in manufacturing hydraulic piston pumps, motors, and related components with advanced modern equipment and precise control processes. Established in 2003, TVC has grown into two factories with about 1000 employees over 20 years, focusing on continuous improvement to ensure the highest customer satisfaction in quality, cost, and delivery.