Singapore’s Sembcorp Development and Becamex IDC Corporation announced the addition of four new Vietnam Singapore Industrial Parks (VSIPs) on August 29.
About 2,900 businesses and factories in residential areas of the southern province of Binh Duong will be re-located into industrial zones and clusters in the locality from 2024-2030, according to a plan sketched out by the provincial People’s Committee.
With the domestic housing market entering a period of stagnation, many construction companies of the Republic of Korea (RoK) have amended their business strategies, in which many choose Vietnam as their destination, the RoK’s Newdaily newspaper reported.