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Construction of the Vinashin-Shinec industrial complex (SIP) began in Thuy Nguyen district in the northern port city of Hai Phong on November 24.

The SIP was set up and zoned off in September 2006 under the management of the Vietnam Shipbuilding Industry Corporation (Vinashin). It covers 300ha along the Cam river, Hai Phong port and National Highway 10.

The same day, three foreign-invested companies started constructing their facilities in the complex, which include wharfs, offices and warehouses.

So far, SIP has attracted seven foreign-invested projects with a combined registered capital of VND3 trillion (about US$187.5 million). Ten other companies pledged to pour investment into the complex next year.

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