VSIP Invests Over US$138 Million to Develop VSIP Da Nang Industrial Park
Vietnam’s industrial real estate market continues to gain momentum with another major investment project as the Da Nang People’s Committee officially approved the investment policy and selected Vietnam Singapore Industrial Park Joint Venture Co., Ltd. (VSIP) as the investor for the VSIP Da Nang Industrial Park project.
With a total investment of more than VND 3.73 trillion (approximately US$138.15 million) and a development area of nearly 250 hectares, the project is expected to become a new growth engine for attracting high-quality foreign direct investment (FDI), promoting green industrial development, and expanding Da Nang’s industrial and economic capacity during the 2026–2030 period.
VSIP Da Nang Industrial Park Covers Nearly 250 Hectares
According to the investment approval issued by the Da Nang People’s Committee, VSIP Da Nang Industrial Park will be developed in Điện Bàn Bắc Ward, Da Nang, featuring:
- Total area: 249.8 hectares
- Total investment: VND 3.73 trillion
- Equivalent to approximately US$138.15 million
- Project operating term: 50 years
The project is one of Vietnam’s largest newly approved industrial infrastructure developments in 2026 and is expected to significantly enhance Da Nang’s ability to attract advanced manufacturing and high-tech investment projects.
Project Development Timeline Through 2031
According to the approved implementation schedule, the project will be carried out in several phases.
Phase 1: 2026–2028
During this period, VSIP will complete:
- Land acquisition
- Compensation for affected landowners
- Site clearance
- Land handover
These activities are scheduled from Q4 2026 through Q2 2028.
Phase 2: Beginning in Q3 2028
Following site preparation, VSIP will begin:
- Marketing the industrial park
- Attracting secondary investors
- Leasing industrial land and infrastructure
Phase 3: Through Q4 2031
Industrial infrastructure will be completed and gradually put into operation to accommodate domestic and international manufacturers.
VSIP – One of Vietnam’s Leading Industrial Park Developers
Founded in 1996, VSIP is a joint venture between:
- Becamex IDC Corporation (Vietnam)
- Sembcorp Industrial Parks (Singapore)
Over nearly 30 years of operations in Vietnam, VSIP has developed:
- 26 industrial parks
- More than 14,300 hectares of industrial land nationwide
Beyond industrial infrastructure, VSIP has established integrated ecosystems that include:
- Urban developments
- Logistics services
- Modern technical infrastructure
- Comprehensive business support facilities
As a result, VSIP has become one of Vietnam’s most recognized and respected industrial park developers.
A “Lead Investor” Effect Expected to Attract High-Quality FDI
One of VSIP’s greatest strengths is its global customer network and extensive experience in attracting multinational corporations.
Industry experts believe that VSIP’s investment in Da Nang will create a strong “lead investor effect,” encouraging additional international companies to invest in sectors such as:
- High technology
- Electronics manufacturing
- Supporting industries
- Precision engineering
- Logistics
- Green manufacturing
- Environmentally friendly production
These industries generate high added value and align closely with Da Nang’s long-term sustainable development strategy.
A New Green Industrial Hub for Southern Da Nang
The VSIP Da Nang Industrial Park is designed to become much more than a conventional industrial park.
It is expected to serve as a new green industrial growth hub in southern Da Nang by combining modern infrastructure with sustainable development principles.
The project is expected to:
- Expand industrial development space.
- Attract high-tech manufacturers.
- Increase production capacity.
- Create high-quality employment opportunities.
- Enhance the city’s investment competitiveness.
The project also reflects Vietnam’s growing trend toward developing eco-industrial parks and sustainable industrial zones.
A New Growth Driver for Da Nang’s 2026–2030 Development Strategy
The development of VSIP Da Nang is expected to become an important foundation supporting the city’s ambition to achieve double-digit economic growth during the 2026–2030 period.
In addition to expanding industrial land availability, the project is expected to:
- Attract high-quality foreign investment.
- Increase government revenue.
- Promote supporting industries.
- Strengthen regional competitiveness.
- Improve supply chain connectivity.
- Accelerate regional economic development.
As multinational corporations continue relocating production to Vietnam, well-planned and environmentally sustainable industrial parks such as VSIP Da Nang are expected to enjoy significant advantages in attracting large-scale investment projects.
Bright Prospects for Industrial Real Estate in Central Vietnam
The launch of VSIP Da Nang demonstrates that Central Vietnam is becoming an increasingly attractive destination for industrial investment.
Supported by rapidly improving infrastructure, including:
- Deep-water seaports
- International airports
- North–South Expressway
- Regional logistics networks
Da Nang is well positioned to become a leading manufacturing, logistics, and high-tech industrial center in Central Vietnam.
The addition of a large-scale industrial park developed by VSIP is expected to further strengthen the city’s competitiveness in attracting FDI compared with other key investment destinations across Vietnam.
Conclusion
VSIP’s investment of more than US$138 million in the VSIP Da Nang Industrial Park marks another significant milestone for Vietnam’s industrial real estate market. With nearly 250 hectares of industrial land, almost three decades of development experience, and an extensive global client network, VSIP is expected to attract high-quality FDI projects, establish a new green industrial growth center, and make a meaningful contribution to Da Nang’s economic development objectives during the 2026–2030 period.
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