Da Nang Approves $138 Million VSIP Industrial Park Project

The Da Nang People's Committee approved on 25 July the investment plan for the Vietnam‑Singapore Industrial Park (VSIP) in the city. The project will cover more than 249 ha in the Điện Bàn Bắc ward, with a total investment of about 3.73 trillion VND (≈ 138 million USD). The joint‑venture company Vietnam‑Singapore Industrial Park Ltd. will develop, build and operate the park for a 50‑year term.

The investment schedule calls for preparation and legal procedures from Q2 2026 to Q3 2027, land acquisition and compensation from Q4 2026 to Q2 2028, and core construction followed by operation from Q3 2027 to Q4 2031. Marketing and secondary investor attraction are slated to start in Q3 2028. The investor will receive land‑rent reductions and must meet environmental, fire‑prevention, safety and deposit requirements.