Sembcorp Industries and Becamex Group form joint venture to develop 30 Vietnam Singapore Industrial Parks (VSIPs) by end-2026

Singaporean energy company Sembcorp Industries and Vietnamese corporation Becamex Group have formed a joint venture to expand the Vietnam Singapore Industrial Park (VSIP) network to 30 facilities by the end of 2026. The collaboration builds on their existing 22 operational VSIPs, with the latest addition being the Sao Da Jr project in Hue, Vietnam. This partnership leverages Sembcorp's energy expertise and Becamex's industrial development capabilities to accelerate Vietnam's industrial infrastructure growth. The joint venture aims to enhance Vietnam's manufacturing and export competitiveness by providing integrated industrial park solutions. No financial terms or specific capacity expansions were disclosed in the announcement.

Counterparts (2)

Partner

Sembcorp Industries

company · 1 deals

Sembcorp Industries is a leading energy and urban development player, offering a wide range of solutions, from conventional to renewable energy, and sustainable urban development. They focus on providing sustainable solutions and are expanding their renewable energy portfolio.

Becamex Group

company · 1 deals

Vietnam-based industrial infrastructure developer and operator focused on industrial parks, transportation infrastructure, and social housing, with a presence across multiple provinces and a portfolio of over 4,600 hectares of integrated industrial-urban ecosystems.