Srithai Vietnam and Unilever Vietnam have invested a collective amount of $70 million in the Vietnam Singapore Industrial Park (VSIP) in the BacNinh province.
Unilever Vietnam, which specialises in manufacturing household products, invested $40 million in the VSIP and plans to scale up its production facility in the park to produce 250,000 tons, annually. Unilever Vietnam is the subsidiary of Unilever, the global consumer goods mammoth, operating in over 150 countries.
Similarly Srithai Vietnam Co invested $30 million in the park plans to set up beverages manufacturing with installed capacity of 7,500 tons per year. It also plans to produce plastic products for industrial use (capacity of 500 tons per year). The project will be in operation in the park during the fourth quarter of 2015, providing 150 jobs.
In September, a Singapore real estate company Mapletree invested $70 million in VSIP – BacNinh to build an international logistics and storage; its third such facility in Vietnam.
Till now, VSIP – BacNinh has attracted more than $1.3 billion In investment from both domestic and foreign investors. It is home to over 53 projects, of which 40 per cent are Japanese investors.