Sembcorp Expands Vietnam Singapore Industrial Parks Network with Four New Projects in Vietnam
May 29, 2026
Vietnam, May 29, 2026 – Sembcorp Development, through its Vietnam Singapore Industrial Park (VSIP) joint venture with Becamex IDC, has received investment approvals to develop four new VSIPs. The approvals were granted during the State Visit of His Excellency Mr To Lam, General Secretary of the Communist Party and President of Vietnam, to Singapore, and were witnessed alongside Mr Lawrence Wong, Prime Minister and Minister for Finance of Singapore.
The four developments - VSIP Hai Phong II, VSIP Ha Nam Integrated High-tech Park, VSIP Nghe An IV and VSIP Binh Duong IV, are located across Vietnam. They are expected to support export-oriented manufacturing industries, as well as high-tech and digital economy sectors including electronics and precision engineering. Further details are provided in the Appendix.
With these additions, the VSIP portfolio now comprises 26 industrial parks spanning more than 14,300 hectares, reinforcing Sembcorp’s position as a scalable, integrated industrial platform supporting high value manufacturing and digital-led growth sectors across Vietnam.
Investment approval for VSIP Hue, which was granted in January 2026, was also formally presented.
Mr Lee Ark Boon, CEO of Sembcorp Development, said: “As VSIP marks its 30th anniversary in 2026, Sembcorp reaffirms its commitment to supporting Vietnam’s industrial growth through development of integrated, sustainable industrial parks that provide reliable infrastructure and low carbon energy. These new projects will continue to attract quality investments, create jobs and contribute to Vietnam’s long-term economic growth.”
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