President Vo Van Thuong attended the 10th anniversary of VSIP Quang Ngai

DNHN - On the morning of December 23, President Vo Van Thuong and the delegation attended the 10th anniversary of VSIP Quang Ngai.

The ceremony was attended by Mr Nguyen Hoa Binh, a member of the Politburo, Chief Justice of the Supreme People's Court, Mr Tran Hong Ha, Deputy Prime Minister, Mr Tran Quang Phuong, Vice Chairman of the National Assembly, Mr Le Khanh Hai, Director of the President's Office, and leaders of the Central and Quang Ngai province.

Speaking at the ceremony, President Vo Van Thuong said that to celebrate a very meaningful event, the 10th anniversary of VSIP Quang Ngai, VSIP Quang Ngai Industrial Park came into operation and the investment policies and approvals for VSIP 2 Quang Ngai Industrial Park. On a national level, this is a highly significant event that demonstrates how successfully the trade and investment collaboration between Singapore and Vietnam is growing. It is an event that enriches the very good events in the year the two countries celebrate the 50th anniversary of the establishment of diplomatic relations and the 10th anniversary of the strategic partnership between Vietnam and Singapore.

President Vo Van Thuong added that, on a local scale, this event marks the success of a policy, maintaining the shift in economic structure towards industry as the spearhead of many generations of successful leaders of the Provincial Party Committee, and at the same time opening up a new development phase with very good opportunities for Quang Ngai province in attracting investors, continuing to promote socio-economic development for Quang Ngai province in the coming time.

President Vo Van Thuong was moved to recall that 10 years ago, at the location of VSIP Quang Ngai Industrial Park, this was the first VSIP Industrial Park in the Central region to be started, witnessed by former Prime Minister Nguyen Tan Dung and Singaporean Prime Minister Lee Hsien Loong. At that time, everyone was filled with joy and hope that VSIP would create a boost to promote the socio-economic development of Quang Ngai province, and in the following years, that hope was gradually realised.

"And today we are here to see that the policy has been truly successful and that hope has truly become a reality. Today we grant the investment policy approval for VSIP II Quang Ngai, the 18th VSIP in the chain of VSIP industrial parks, opening up a new path for Quang Ngai to attract investors and promote development. In the past 10 years, we have attracted 40 investors, with a capital of about 1 billion USD. I hope that in the next 10 years, the number of investors may be equal to or even less, but the investment capital will be larger, and the added value of VSIP will be higher," said President Vo Van Thuong.

President Vo Van Thuong also suggested that the leaders of the sectors and levels of Quang Ngai province coordinate well with the investor in the process of implementing the new project in the direction of a smart, modern and sustainable industrial park, towards forming an industrial ecosystem - innovation - urban - service - high technology; developing infrastructure, promoting production and business in industrial parks (IPs) must ensure synchronous, harmonious development of economy - society, environment, closely linked with ensuring national defense, security, order, safety, social security and caring for the material and spiritual life of workers.

Speaking at the ceremony, Mr. Tran Hoang Tuan, Vice Chairman of the Quang Ngai Provincial People's Committee, said that based on the success of the VSIP Quang Ngai Industrial, Urban and Service Park project, in February 2023, Quang Ngai province signed a Memorandum of Understanding with VSIP Quang Ngai Company Limited on the proposal to survey, study and invest in the VSIP II Quang Ngai Industrial, Urban and Service Park project. On that basis, VSIP Quang Ngai Company Limited has prepared and submitted a dossier requesting approval of the investment policy for the project to invest in the construction and business of VSIP II Quang Ngai Industrial Park infrastructure, phase 1, and has been approved by the Prime Minister.

The VSIP II Quang Ngai Industrial Park project will make significant contributions to the socio-economic development of Quang Ngai province. The Vice Chairman of the Provincial People's Committee hopes that with its capacity and experience, in the coming time, VSIP Quang Ngai will be a bridge to help the provincial government reach out to and attract more FDI enterprises to invest in Quang Ngai, contributing to the development of Quang Ngai province. Trusting in the diplomatic relations and friendship between Vietnam and Singapore, the companionship and support between Quang Ngai province and VSIP Quang Ngai Company Limited, VSIP projects in Quang Ngai will be implemented smoothly and successfully. Quang Ngai always promptly grasps the needs and aspirations of businesses and investors, effectively implements policies and regulations related to attracting and incentivising investment, as well as creating all conditions for businesses and investors to operate most favourably and effectively.

At the ceremony, Quang Ngai province granted investment registration certificates to 4 new projects in VSIP Quang Ngai Industrial Park in 2023 with a total registered capital of about 69.3 million USD. The Provincial People's Committee also granted certificates to 2 investment expansion projects with a total additional capital of about 10.8 million USD.

Trong Tam