VN-Singapore Industrial Park remains a monument to Lee Kuan Yew

During his lifetime, former Singaporean Prime Minister Lee Kuan Yew was especially concerned about the implementation of the Vietnam-Singapore Industrial Park (VSIP) – which has later become a symbol of friendship and cooperation between the two countries.
During his lifetime, former Singaporean Prime Minister Lee Kuan Yew wasespecially concerned about the implementation of the Vietnam-SingaporeIndustrial Park (VSIP) – which has later become a symbol of friendshipand cooperation between the two countries.

Twentyyears ago, when the southern province of Binh Duong was known as SongBe, Lee Kuan Yew arrived in the province to examine the VSIPconstruction site in what is now Thuan An commune, Vice Chairman of theprovincial People’s Committee Tran Thanh Liem reminisced.

Upon his arrival in Binh Duong, Mr. Lee encouraged local authoritiesto develop industry and foster their belief that the province would growmore strongly in the future, Liem said.

The province was honoured to welcome the former PM another four times since the VSIP was commissioned.

Lee Kuan Yew was considered a key figure in the establishment anddevelopment of cooperation between Vietnam and Singapore, Liemsaid.

In 2007, in his capacity as Singapore’sMinister Mentor, visited the VSIP for the second time to study thehuman resources, industrial development, administrative reform, andeducation-training work in Binh Duong.

He wrote in the visitors’ book that he could see considerable progress had been made in the previous decade.

Lee Kuan Yew also visited the VSIP II in the Binh Duongindustry-service-urban complex on the occasion of his visit to Vietnamin April 2009, at the invitation of Prime Minister Nguyen Tan Dung.Once again, he made it clear how impressed he was at the rapid progressthat had been made.

The VSIP was shaped on thebasis of friendship and economic cooperation between Vietnam andSingapore. With the support of the two governments, the Binh DuongBecamex Industrial Development Corporation (IDC) and Singapore SembcorpDevelopment led infrastructure and real estate businesses to carry outthe project from 1996.

The VSIP is developing fivelinked projects across Vietnam , with a total land area of over 6,000hectares spread across the provinces of Binh Duong, Bac Ninh and QuangNgai and Hai Phong port city.

It is attractinginvestment projects worth 7.4 billion USD from 30 nations andterritories and generating jobs for 140,000 local workers.

Lee Kuan Yew served as Singapore’s Prime Minister from 1959 to1990. He passed away in the early hours of March 23 at the age of 91. Heis widely credited with turning Singapore into one of the mostaffluent economies in Asia within three decades.-VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.