Park Introduction
VSIP (Vietnam Singapore Industrial Park) is a national-level industrial park jointly developed by the governments of Vietnam and Singapore. Since establishing its first park in Binh Duong Province in 1996, VSIP has successfully expanded across multiple key economic regions in Vietnam. With its international management model, modern infrastructure, and supportive policies, VSIP has become a vital platform for foreign investors seeking manufacturing bases and Southeast Asian market expansion.
To date, over 1,000 enterprises have set up operations in VSIP, spanning electronics, machinery, light industry, food, and pharmaceuticals. Boasting strong growth potential and a strategic location, it is ideally suited for medium and large-scale manufacturing and export-oriented businesses aiming for long-term development.
Key Information Overview
| Information Type | Details |
|---|---|
| Industrial Park Name | Vietnam Singapore Industrial Park |
| Park Size | 500 hectares |
| Available Land | Around 120 hectares (continuously updated) |
| Land Usage Term | Until 2057 |
| Minimum Wage Standard | Category 1 (~4,680,000 VND/month) |
| Developer | VSIP JV Co., Ltd. (Vietnam-Singapore joint venture) |
| Tax Incentives | 2-year CIT exemption, 50% reduction for the following 4 years |
| Permitted Industries | Electronics manufacturing, light industry, machinery processing, food processing, warehousing, etc. |
Location of the VSIP Industrial Park
Park Layout, Flexible Site Selection
VSIP’s extensive network spans southern, northern, and central Vietnam, enabling enterprises to select locations based on industry specifics, logistics radius, land costs, and supply chain dependencies:
| Park Name | Location | Regional Highlights |
|---|---|---|
| VSIP Bình Dương | Binh Duong Province, near HCMC | Southern manufacturing hub, suitable for export processing and light industry |
| VSIP Bắc Ninh | Bac Ninh Province, near Hanoi | Core region for electronics and high-tech industries in the North |
| VSIP Hải Phòng | Hai Phong City | Close to ports, ideal for heavy manufacturing, logistics, and export trade |
| VSIP Nghệ An | Nghe An Province, central hub location | An emerging investment hotspot, suitable for cost-sensitive industries and agricultural processing |
| VSIP Quảng Ngãi | Quang Ngai Province, south-central coast | Low land costs, suitable for labor-intensive industries, food and packaging processing |
Park Infrastructure Configuration
Park infrastructure plays a pivotal role in production efficiency, logistics costs, and long-term sustainability. VSIP offers leading advantages in electricity, water supply, wastewater treatment, and transportation accessibility, meeting the operational demands of various industries.
| Facility | Parameter Details |
|---|---|
| Power Supply | 22 kV high-voltage grid, stable connectivity, suitable for enterprises with high power demand |
| Water Capacity | 15,000 m³/day, meeting needs of manufacturing, food, and healthcare sectors |
| Wastewater Treatment | 10,000 m³/day, compliant with Vietnamese environmental standards, supporting various industrial effluents |
| Airport Distance | About 48 km to Noi Bai International Airport, ideal for import/export and frequent travel companies |
| Port Distance | Around 145 km to Hai Phong Port, linking northern export trade hubs, facilitating cross-border logistics |
| Key Tenants | Meiko Electronics, HABECO, and other prominent domestic and international manufacturers |
Note: The park’s supporting infrastructure is highly reliable, accommodating long-term operations for mid-to-large manufacturing businesses, import-export enterprises, and those with strict environmental standards.
Park Characteristics
VSIP offers a dual advantage of being a “national-level platform with a Singapore-style management approach,” ensuring enterprises operate in a safe, compliant, and efficient environment.
- The park is built to ISO standards, featuring modern water supply, drainage, power, telecommunications, and fire protection systems
- It has in-house logistics, administrative facilities, dormitories, warehousing, and public utilities, enabling medium-to-large manufacturers to start production swiftly
- The park management assists enterprises in liaising with investment authorities and admissions, providing expedited approval channels
- Offers customized factories, leased construction land, or ready-built factories—adapting to companies’ different stages of development
Unique Advantages of VSIP Industrial Park
Multiple regions covered, flexible location options
Comprehensive layout across North, Central, and South Vietnam, allowing enterprises to choose sites based on their industry, customer base, and supply chain for different growth stages.
Complete infrastructure, facilitating efficient production startup
Equipped with a logistics center, dormitories, office buildings, and production support amenities, reducing the timeline for factory operations and lowering self-construction costs.
International park management, efficient administrative assistance
The park adopts a Singapore-standard management model with a dedicated customer coordination center, assisting companies in swiftly handling approvals, environmental impact assessments, fire safety, etc.
Green initiatives and policy support
Green manufacturing and energy-saving projects are encouraged, with some areas qualified for green-factory certifications; enterprises can apply for energy-saving grants and environmental incentives.
Transparent tax incentives, clearer financial planning
Corporate income tax is exempt for the first 2 years, then halved for the next 4 years; high-tech or export-based projects may enjoy even better incentive packages.
Conditions for Entering the Park
Entry requirements are moderate and straightforward, suitable for manufacturing, export processing, and logistics enterprises:
- Must have a legally registered entity (local or foreign-owned)
- Submit an investment plan, registration documents, and an initial factory design draft
- The project’s industry must align with the park’s investment orientation (high value, non-polluting, non-high-energy-consuming)
- Pass a preliminary environmental review or provide an initial EIA document
- Companies meeting initial EIA or environmental requirements will receive priority approval.
Entering Vietnamese Industrial Parks with Vanzbon
We assist companies in landing their projects at VSIP industrial parks more quickly and compliantly, from initial consultation to post-launch operations:
- Maintain deep collaboration with VSIP park management, familiar with investment policies and approval timelines
- Provide entry site consultation, document preparation, investment plan drafting, and registration
- Coordinate governmental approvals for environmental, fire safety, tax, etc., speeding up the production launch
- Offer company registration, IRC/ERC processing, construction supervision, and ongoing compliance support
- Our local consultant team offers tri-lingual services (Vietnamese, Chinese, English)
Frequently Asked Questions
Suited for manufacturing, export processing, logistics, electronics, food, machinery, etc. Both foreign and local companies can apply.
Around 80–150 USD/m² (for the contract term), depending on location, facilities, and area size.
Yes, companies in the park may apply for a 2-year CIT exemption followed by a 4-year 50% reduction.
No strict minimum capital, but it should align with project scale and land area for easier approval.
Typically 2–6 months from company registration, lease signing, and permits to production. Vanzbon helps shorten the process.
Yes, two options: standard factories or build-to-suit. Design and delivery timelines need negotiation.
Some VSIP parks have dormitories, canteens, convenience shops, and talent training facilities.
Indeed, we facilitate park liaison, contract negotiations, and government approvals, offering a full-service approach to reduce complexity.
Get Pricing & Land Availability
If you want the latest land rental policies and applicable tax incentives at VSIP, please contact Vanzbon for a customized quote and feasibility plan.
Vanzbon will assist you in linking to the industrial park, calculating rental costs, cost-benefit analysis, and policy evaluations, helping you select the optimal land solution and accelerate project deployment.
Currently, VSIP offers the following typical benefits:
- Land lease tax exemption for the first 2 years
- CIT reduced by 50% for the following 4 years
- Some zones offer rent subsidies and workforce training support
