The Vietnam-Singapore Industrial Park (VSIP) just got a major boost from the Bank of Investment and Development of Vietnam (BIDV), which will more than double the parks current total investment.
BIDV announced on December 8 it has signed credit agreements providing for investment of more than US$35 million in infrastructure projects at the VSIP in Quang Ngai along with additional preferential financing for investors of VND2,000 billion.
Under the agreements, BIDV has committed to supporting funds for domestic and foreign investors to timely complete their projects as well as supply start-up capital for those who want to invest in the industrial park.
VSIP Quang Ngai has so far attracted eight projects, of which two are expected to be operational later this month.
Source : VOV.VN