Sembcorp Industries (Sembcorp) has expanded its portfolio in Vietnam by adding three new Vietnam Singapore Industrial Parks (VSIPs) through Sembcorp Development, a subsidiary of Sembcorp.
The investment licenses for the new projects—VSIP Thai Binh, VSIP Quang Ngai II, and Becamex-VSIP Binh Thuan—were granted to entities held by VSIP Joint Venture Company (VSIP JV Co). Sembcorp owns 49.3 per cent of VSIP JV Co, a partnership with Becamex IDC Corporation. This expansion brings the total number of VSIPs developed by Sembcorp to 18, with a combined licensed land area of 11,588 hectares.