VSIP 1 Industrial Park (Vietnam – Singapore Industrial Park I) is the first VSIP industrial park in Vietnam, which commenced construction on May 14, 1996, in Thuan An (former Binh Duong). After Binh Duong merged into HCMC from July 1, 2025, VSIP 1 is now located in Binh Hoa Ward, HCMC. This is one of the industrial parks with the highest occupancy rates in the South, gathering hundreds of FDI enterprises in the garment, pharmaceutical, electronics, chemical, and packaging industries…
The article summarizes updated information for 2026 about VSIP 1: location, scale, infrastructure, and a list of typical companies currently operating in the park – useful for investors, job seekers, and businesses looking for partners.
1. Overview of VSIP 1 Industrial Park
| Full name | Vietnam – Singapore Industrial Park I (VSIP I) |
| Address | No. 8 Huu Nghi Avenue, Binh Hoa Ward, Ho Chi Minh City (formerly: Binh Hoa Ward, Thuan An City, Binh Duong Province) |
| Developer | Vietnam – Singapore Industrial Park Joint Venture Co., Ltd. (VSIP) |
| Groundbreaking | May 14, 1996, witnessed by Prime Minister Vo Van Kiet and Singaporean Prime Minister Goh Chok Tong |
| Area | Approximately 500 ha |
| Occupancy rate | Fully occupied (no remaining land for lease) |
| Number of projects | Approximately 230 projects, over 90,000 workers |
| Attracted investment capital | Approximately 3.2 – 3.5 billion USD |
Data compiled from public announcements by the developer and the press; investors should contact VSIP directly for the latest figures.
2. Location and transport connectivity
VSIP 1 is located adjacent to National Highway 13 and DT743 road, providing convenient access to the center of Ho Chi Minh City and major seaports:
- Approximately 20–25 km from the center of Ho Chi Minh City (30–45 minutes travel time).
- Approximately 20 km from Tan Son Nhat International Airport.
- Approximately 28 km from Cat Lai Port.
- Approximately 10 km from the center of Thu Dau Mot.
The development of VSIP 1 also served as a catalyst for the expansion of National Highway 13 and the establishment of the Vietnam – Singapore College, along with a system of schools, hospitals, and residential areas, helping businesses easily recruit skilled labor.
3. Technical infrastructure
- Electricity: dedicated substation with a capacity of up to 141 MVA, with a backup power plant within the park.
- Water supply: capacity up to 40,000 m³/day and night.
- Wastewater treatment: capacity up to 30,000 m³/day and night.
- Internal traffic: main roads are 64 m wide, branch roads are 24 m wide.
- Telecommunications, fire protection, security: fiber optics, fire hydrants along routes, 24/7 fire department and security team.
4. Targeted industries
VSIP 1 prioritizes clean, low-pollution industries: garment – knitting, pharmaceuticals and medical equipment, electrical – electronics, precision engineering, automotive components, paint – chemicals, plastics – rubber, packaging, stationery, food – beverages, and supporting industries.
5. List of typical companies in VSIP 1 Industrial Park
Below are typical businesses currently operating in VSIP 1 by industry group (compiled from public information):
| No. | Enterprise | Sector |
|---|---|---|
| 1 | GS Battery Vietnam Co., Ltd. | Battery |
| 2 | Apparel Far Eastern (Vietnam) Co., Ltd. | Garment |
| 3 | Esquel Garment (Vietnam) Co., Ltd. | Garment |
| 4 | Saigon Knitwear Co., Ltd. | Knitting |
| 5 | Sinwah Apparel Co., Ltd. | Garment |
| 6 | Korea United Pharm. Int’l | Pharmaceuticals |
| 7 | ICA Pharmaceuticals and Biotechnology JSC | Pharmaceuticals |
| 8 | Avon Cosmetics (Vietnam) Co., Ltd. | Cosmetics |
| 9 | Showa Gloves Vietnam Co., Ltd. | Gloves |
| 10 | Vina Showa Co., Ltd. | Plastics, materials |
| 11 | Daily Many Int’l Vietnam Co., Ltd. | Plastics |
| 12 | Shuan Hwa Industrial Vietnam Co., Ltd. | Metal, plastic, rubber pipes |
| 13 | Parkerizing Vietnam Co., Ltd. | Surface treatment chemicals |
| 14 | Phoenix Paint Manufacturing Co., Ltd. | Paint |
| 15 | Seamaster Paint Co., Ltd. | Paint |
| 16 | Avery Dennison – Paxar Vietnam Co., Ltd. | Labels |
| 17 | Dong Yun Plate Making Vietnam Co., Ltd. | Printing equipment |
| 18 | First Stationery (Vietnam) Co., Ltd. | Stationery |
| 19 | Alcamax Vietnam Co., Ltd. | Packaging |
| 20 | Kian Joo Can (Vietnam) Co., Ltd. | Metal packaging |
| 21 | Scientex Tsukasa Co., Ltd. | Film packaging |
| 22 | Sin Young Electronics Co., Ltd. | Electronics |
| 23 | Well Electronic Co., Ltd. | Electronics |
| 24 | SV Probe Vietnam Co., Ltd. | Electronic testing equipment |
| 25 | HTE Vietnam Co., Ltd. | M&E |
| 26 | Yamato Protec Vietnam Co., Ltd. | Fire protection equipment |
| 27 | Fujikura | Electrical and electronic components |
| 28 | DKSH | Distribution and logistics services |
| 29 | Givaudan | Flavorings |
| 30 | BIC Vietnam | Stationery |
The list is for reference only; legal entity names and operational status may change over time.
6. VSIP 1 within the VSIP system in Vietnam
After nearly 30 years, from VSIP 1, a system of 26 VSIP industrial parks has been formed across 15 provinces and cities, attracting tens of billions of USD in investment. On May 29, 2026, Vietnam and Singapore announced 5 additional new VSIP projects (VSIP 4 Binh Duong – Vinh Lap, VSIP Ha Nam – Ninh Binh, VSIP 2 Hai Phong – Tien Lang 2, VSIP Nghe An phase 2, VSIP Hue), aiming for the goal of 30 green VSIP industrial parks.
Since VSIP 1 is fully occupied, new investors wishing to locate their factories within the VSIP ecosystem often choose VSIP 2, VSIP 3 (HCMC), or new VSIP projects in the North and Central regions.
7. Frequently Asked Questions
Where is VSIP 1 located after the provincial merger?
VSIP 1 remains at No. 8 Huu Nghi Avenue as before; only the administrative boundary has changed from Thuan An City, Binh Duong Province to Binh Hoa Ward, HCMC (effective from July 1, 2025).
Does VSIP 1 still have land for lease?
According to the latest announcement, VSIP 1 is fully occupied. Businesses can look for subleased factory buildings or switch to other VSIP zones.
How many companies are in VSIP 1?
Approximately 230 investment projects, mostly FDI enterprises from Singapore, Japan, South Korea, Taiwan, Europe, and the US.
Factory construction in industrial parks with Hai Long Construction
As a general contractor for construction and steel structure ranked in the Top 500 Vietnamese enterprises, Hai Long Construction has completed over 300 factory and workshop projects for FDI enterprises in industrial parks across Vietnam. The Hai Long steel structure factory in Tien Lang, Hai Phong proactively handles production, ensuring progress and quality according to international standards.
Contact for factory design and construction consulting: 0846 625 888 · info@hailongjsc.vn · Send quote request.
