Our use of cookies

We use cookies for website performance, to provide social media features and to analyse our traffic. We also share information about your use of our site with our analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.

For more detailed information about the cookies we use, see our Cookie Policy

Essential cookies

These cookies are intended to carry out activities that are strictly necessary for the basic operation of our website to function.

Non-essential cookies

They are used primarily for functional, analytics, performance, and advertisement purposes.

Sembcorp and Becamex Expand VSIP Partnership with New MOUs

Sembcorp and Becamex Expand VSIP Partnership with New MOUs

March 26, 2025

  • MoUs for prospective VSIPs in Binh Duong, Haiphong City, Hai Duong, Hung Yen, and groundbreaking of VSIP Thai Binh were presented at state-level event in Hanoi


Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), and its joint venture partner Becamex IDC (Becamex), have committed to exploring the development of more prospective Vietnam Singapore Industrial Parks (VSIPs) in Vietnam.

Memoranda of Understanding (MoUs) have been signed with local governments for initial and expansion VSIP projects in the southern Binh Duong province, as well as the northern Haiphong City, Hai Duong and Hung Yen provinces. The MoUs reaffirm the shared goal of creating optimal environments at VSIPs, equipped with the necessary infrastructure and resources to attract and support high-tech manufacturing activities. 

The presentation of the MoUs was followed by a groundbreaking ceremony for the new 333-hectare VSIP Thai Binh. Strategically located within northern Vietnam’s growing industrial ecosystem, VSIP Thai Binh is poised to become a key satellite industrial park, supporting a broad network of manufacturers and suppliers across high-value sectors such as electronic components, precision engineering, and renewable energy. Industrial land at VSIP Thai Binh will be available for handover to customers in 2026. 

Their Excellencies Lawrence Wong and Pham Minh Chinh, the Prime Ministers of Singapore and Vietnam respectively, witnessed these significant developments at a state-level event held at the Office of the Government in Hanoi. Their support underscores the strategic role of VSIPs in strengthening bilateral and economic cooperation between Vietnam and Singapore.

- End -