On Saturday, VSIP Group kicks off the VSIP Can Tho project in Vinh Trinh commune in Vinh Thanh district, Can Tho City. (Photo: VOV)

The inauguration ceremony is a follow-up to the online groundbreaking event for VSIP Can Tho, which took place in Hanoi on August 29 and was presided over by Prime Minister Pham Minh Chinh of Vietnam and Prime Minister Lee Hsien Loong of Singapore. Mr. Lee Hsien Loong paid an official visit to Vietnam from 27 to August 29.

The VSIP Can Tho will cover an area of 900 ha and is expected to generate jobs for 100,000 workers and attract 3.5 billion USD in investment upon completion.

VSIP Can Tho will be developed as a smart and sustainable industrial park. Its goal is to become a major food processing and distribution center in the Southern region, establishing a logistics network "from center to port" and providing the necessary infrastructure to support the supply chain needs of investors.  

Speaking at the ground-breaking ceremony, Nguyen Thi Bich Ngoc, Deputy Minister of Planning and Investment, underscored the importance of VSIP for Vietnam in attracting more domestic and overseas projects.

According to Ngoc this is a very successful model of cooperation between Vietnam and Singapore and VSIP is one of the most professional and preeminent investors.

“If we successfully implement the first phase of the project on nearly 300 ha, it’ll be the premise for building an industrial park ecosystem covering 1,000 ha. That ecosystem will facilitate the development of industrial and service projects, logistics facilities, and amenities for workers towards developing the park sustainably and more effectively,” said Ngoc.

Within the framework of the launching ceremony, VSIP signed a Memorandum of Understanding with 12 investors for land lease and business cooperation.