Quang Ngai Gaining Growing Interest from Investors

Celebrating its 10th anniversary on December 23, VSIP Quang Ngai is set to grant investment registration certificates to four new projects within the industrial park, totaling an investment of approximately $70 million.

According to Tran Phuoc Hien, Vice Chairman of the Quang Ngai People’s Committee, after over a decade of dedicated infrastructure investment and development, adhering to professional, green, and environmentally friendly industrial park standards, VSIP Quang Ngai has emerged as a focal point for foreign investment.

Increasing Investor Appeal in Quang Ngai Presently, VSIP Quang Ngai hosts 35 projects with a cumulative capital exceeding $1 billion, sourced from various countries and territories. Among these, 26 projects are operational, generating over 29,000 jobs.

With the anticipation of these 35 projects becoming operational, it is projected to create job opportunities for approximately 53,000 local workers.

The Quang Ngai People’s Committee states that during the 10th-anniversary ceremony, VSIP Quang Ngai will confer investment registration certificates on four new projects entering the park in 2023, totaling nearly $70 million in registered capital.

Notably, the Sedo-Dung Quat fabric factory project, backed by Korean investor Sedo Camping Co., Ltd., spans about 10 hectares, with a total investment of approximately $31.8 million.

The VSIP Quang Ngai Industrial, Urban, and Service Complex project, recognized as VSIP’s 5th venture in Vietnam, covers about 660 hectares, with a total investment nearing $140 million.

For VSIP Quang Ngai, between the beginning of the year and November 27, the industrial park issued investment registration certificates for four projects totaling around $45.5 million in capital.

A representative from VSIP Quang Ngai Co., Ltd. disclosed that for the VSIP II Quang Ngai project, an MoU was signed with the province in February. The company has submitted a dossier seeking approval for the investment policy of the VSIP II Quang Ngai infrastructure construction and business investment project. Phase 1 will encompass an area of nearly 500 hectares in Binh Son district, with an estimated investment of about $161 million.

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