Vietnam Singapore Industrial Park and Township Development JSC (VSIP) will start building a $1 billion urban area project in the northern city of Haiphong early 2010.The construction of the Bac Song Cam urban area project is expected to start on January 13th 2010 in the presence of Singaporean prime minister during his upcoming visit to Vietnam.
The urban area covers 1,600 hectares in Thuy Nguyen district, north of Cam river. This is the biggest foreign-invested project in Haiphong so far.
The first phase of the project is expected to finish by 2015.
