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Sembcorp to develop new industrial parks in Vietnam with focus on green energy

Sembcorp Industries known as Sembcorp has announced to develop new industrial parks in Vietnam with a focus on green energy.

Sembcorp announced deal with Becamex IDC Corporation to co-establish five Vietnam Singapore Industrial Parks in Vietnam

The company informed that it has already inked a memorandum of understanding for the same. The project has a value of around US$1 billion.

It has been informed that the parks will feature decarbonisation solutions including “rooftop solar systems, solar farms, and green-certified buildings, and low carbon footprints.”

Meanwhile, the Vietnamese government has already presented Sembcorp and Becamex with an investment licence to develop a #500-hectare VSIP in Nghe An province, a local media reported, adding that #32 manufacturers have pledged capital investments worth US$744 million in park I alone.

Nghe An province is located in Vietnam’s northern central region.

Kelvin Teo, CEO of Sembcorp Development and the co-chairman of VSIP Group, was quoted in a statement, “This year marks the 50th anniversary of diplomatic relations and 10th year of Strategic Partnership between Singapore and Vietnam. We have been privileged to partner with the government and to serve as an enabler for Vietnam’s investment potential.”


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