Singapore, March 12, 2025 – Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), and its joint venture partner Becamex IDC (Becamex), were awarded two new Vietnam Singapore Industrial Park (VSIP) projects, at the launch of the Comprehensive Strategic Partnership between the two countries, taking the total to 20 VSIPs.
The new projects were awarded during the state visit of His Excellency Mr.To Lam, General Secretary of the Communist Party of Vietnam, to Singapore. At a ceremony held at Parliament House, he was joined by Prime Minister of Singapore, His Excellency Mr Lawrence Wong, as well as ministers and provincial leaders from Singapore and Vietnam, to launch the Comprehensive Strategic Partnership between the two countries.
The new projects are VSIP Nam Dinh and VSIP Nghe An III will complement the current 18 VSIPs and will be developed according to the principles of low-carbon industrial parks. In addition, Sembcorp and Becamex will explore the development of a first VSIP in Ha Nam province.
This robust development is a clear testament to the corporation’s solid position on the industrial map of Vietnam.
