shines on southern commercial zones
VSIP and Saigon South attract stellar tenants
Chun Loong, advisor to VSIP.
Singapore Industrial Park is almost a 40 minute drive north of HCMC on
Highway 13 and situated in the Binh Duong province. This Singapore led
project is financed by a consortium led by a subsidiary of SembCorp
Industries- SembCorp Parks Holdings Ltd.- SembCorp is listed on the
Singapore Stock Exchange and their joint venture partner is Becamex, a
state-owned enterprise of the Binh Duong People's Committee.
We have now achieved over $500 million of investment projects in our
park project," quietly spoke Lai Chun Loong, an advisor to VSIP.
72 companies from 15 countries have placed their investments in VSIP.
includes: Kimberly Clark, National Starch, Rohto Pharmaceuticals,
Fujikura, Nitto Denko, Diethelm, Schneider, Roche, Esquel, Toyo Tissue
of our key advantages is offering a turn key ready to use factory and
several companies have initially taken advantage of this before making a
more sizable investment. In addition, investors can build their own
factories on our prepared land with all infrastructures built in
place" added Lai in VSIP's board room.
Saigon South's project, VSIP offers investors a reliable manufacturing
environment with their on site power plant, constant water supply with
WHO standard, a modern sewage treatment plant and an abundant and
advanced telecommunications system.
VSIP recognizes the need to train skilled and qualified employees and
has available a Technical Training Center offering courses in electrical
maintenance, mechanical maintenance, machining and electronics.
over 10,000 workers at VSIP, senior management is taking the steps to
train an employee force for future tenant needs and also provide for the
local province practical courses for over 370 students each year.
employee base continues to upgrade their skills and we know that one of
the key attractions to our investors and future tenants is the highly
educated and motivated human resources here at the park," added the
young marketing manager, Huynh Quang Hai.
When foreign investors flocked to Vietnam in the early 1990s to build
hotels and offices, corporations like Taiwan's Central Trading &
Development and Singapore's government backed SembCorporation gambled on
huge multi-million dollar infrastructure projects outside of Ho Chi Minh
City, formerly Saigon.
Aerial photo of Tan Thuan Export Processing Zone.
VSIP’s Technical Training Center.
distinctively separate commercial efforts appear to be paying off
handsomely. The strategic locations of these two parks or massive
multi-tiered developments reinforces Saigon's image or as it now called
today, Ho Chi Minh City, as the commercial hub and historical center of
business in Vietnam. Both developers would agree that with access to the
south's deep water port, continuing developing infrastructure, and an
abundance of qualified and trainable labor force, the conditions remain
more than optimum for growth.
vision has remained quite steady and clear here at Saigon South, we
offer commercial, educational, residential, industrial, medical and
recreational investment opportunities in what is widely lauded as one of
the largest and most comprehensive real estate projects," reflected
CT&D's chairman, Lawrence Ting who had just flown into HCMC from his
corporate headquarters in Taipei.
son, Arthur, and his partner, Ferdinand Tsien's children, John and Gayle
Tsien are the second generation, who are assuming a more active role in
the operations of Saigon South. This younger generation appears to be
even more expansive and expressive when describing the prospects for
more new developments, including securing the necessary permits to
develop a software park. "Sure, we think there is a need for a
software park and after all, this location offers close access to HCMC
which will attract the many talented software developers," added
reclaimed mangroves and swamps, Saigon South, which encompasses, Tan
Thuan Export Processing Zone and the Phu My Hung Corporation New City
Center has grown to more than 600 hectares in its architectural master
the export revenue of Tan Thuan Export Processing Zone, the city's
biggest EPZ, rose by only 7.3 percent during the first nine months of
2001, the government is taking action steps to facilitate trade flow,
including the implementation of new Customs Laws, reducing the time
needed to declare commodities.
the Saigon South Parkway, which consists of two lanes of a planned
10-lane, 17.8 kilometer parkway opened in December 1997 leading to an
entire new city complex: a Japanese school, Saigon South International
School, HCMC Korean School, award winning designer apartment complexes,
luxury villas, golf course and driving range, a commercial office
building, Southern Cross, a truly state-of-the art building, the soon to
be constructed new Australian campus for RMIT and the new
we do have ambitious plans and all this fits into a totally integrated
Saigon South urban development project laid out in various stages,”
said the energetic John Tsien, formerly with Andersen Consulting in New
Although there's still a
lingering shadow over most of SE Asia, these two premier industrial and
mixed- use zones welcome the continued sunshine on their Vietnam
These two industrial zones recognize that as Vietnam is poised to meet
the global challenges which includes importing technology, they must
also deliver an educated labor pool and thus their commitments to
education and training centers. With International Data Corporation
projecting that in 2002, that the Asia Pacific region will see more
revitalized demand for information technology products and
telecommunications services, these developers are taking the investment
steps to insure they continue to offer not only a cost-effective, but an
educated labor pool.
© InternationalReports.net / The Washington Times 1994-2002