The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
Inside Asean
·
SUBSCRIBERS

From farmland to factory floor: Vietnam-Singapore industrial parks gear up for next chapter

Facilities under the joint venture are moving from labour-intensive growth to high-tech, green goals

Summarise
google-preferred-sourceAdd BT as a preferred source
Jamille Tran

Jamille Tran

Published Thu, Apr 23, 2026 · 01:16 PM
阅读简体中文版 (beta)
    • VSIP has now grown to 22 parks spanning nearly 12,000 hectares across 15 provinces and cities, with a plan to raise the total to 30 in 2026.
    • VSIP has now grown to 22 parks spanning nearly 12,000 hectares across 15 provinces and cities, with a plan to raise the total to 30 in 2026. PHOTO: VSIP

    [HO CHI MINH CITY] On a humid stretch of farmland 17 km north of Ho Chi Minh City, Vietnamese and Singaporean officials gathered in 1996 to launch what was then an untested idea in Vietnam: a jointly run industrial park designed to attract foreign manufacturers to the newly opened economy.

    The first facility under the Vietnam-Singapore Industrial Park (VSIP) initiative began with just 500 hectares (ha) – modest in scale, but ambitious in intent.

    In 1995, Vietnam had normalised diplomatic ties with the US, formally ending decades of hostility with the world’s largest economy.

    Inside Asean: VietnamVietnamAsean BusinessAseanIndustrial propertysembcorp industriesAsia-PacificInside Asean

    TRENDING NOW

    The Orchard Boluevard plot (in orange) is estimated to yield around 110 new private homes. 

    Orchard plot, Jurong East EC, Raffles Town Club among 10 new housing sites in H2 GLS plan

    The move will test the tolerance of the largest US economic partners, who have largely restrained from retaliating against Trump’s tariffs.

    Singapore among countries facing proposed US levy of at least 10% over forced labour imports

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    MND released the government land sales programme for private residential, commercial and hotel sites for the second half of 2026 on Wednesday.

    Land for 4,745 private homes supplied in H2 2026 GLS confirmed list, including Jurong Lake District white site

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More