Business Location and Incentives in Vietnam

Vietnam Singapore Industrial Park (VSIP)

Singapore’s experience as a city-state economy has served a role model for many developing countries. Vietnam Singapore Industrial Park (VSIP) is a high standard industrial park initiated by the government of Singapore and Vietnam on the basis of infrastructure and industrial cooperation.

The first Vietnam Singapore Industrial Park (VSIP) is located in the Binh Duong province in South Vietnam and was established in 1996.   Since then, the following VSIP parks have been established with the concept remodelled from a traditional industrial park to an integrated township and industrial park.

  • VSIP I Binh Duong  Province (1996)
  • VSIP II Binh Duong Province (2006)
  • VSIP Bac Ninh Province (2007)
  • VSIP Hai Phong City (2010)
  • VSIP Quang Ngai Province (broke ground in Sept 2013)
With the environmental infrastructure in place, VSIP parks have attracted more than 23 foreign investors to set up their operations in Vietnam.  In addition, the Vietnamese government has provided investment incentives for different VSIP parks. This includes corporate and personal income tax reduction for certain years.

If required, Rosemont has the experience and expertise to project-managing your Vietnamese company setup in your preferred VSIP Park. 

Should you require any further information or have any inquiries, please do not hesitate to contact us.