With the strong support of the Governments of both Vietnam and Singapore, VSIP is developed as a joint venture between Becamex IDC Corporation and a consortium of three companies from Singapore which is majority led by Sembcorp Development and other partners being Mitsubishi Corporation Development Asia and KPM Vietnam Investment.
Sembcorp Development is a fully-owned subsidiary of Sembcorp Industries which is a leading energy, water and marine group operating across six continents worldwide. Sembcorp is a trusted provider of essential energy and water solutions to both industrial and municipal customers. It is also a world leader in marine and offshore engineering as well as an established brand name in urban development.
Sembcorp Development is a leading Asian developer with over 20 years’ experience undertaking master planning, land preparation and infrastructure development to transform raw land into large scale urban developments. It owns, develops, markets and manages urban developments comprising industrial parks as well as business, commercial and residential space in Vietnam, China and Indonesia.
Becamex IDC Corporation is one of the most successful state-owned enterprises in Vietnam belonging to the Binh Duong Province People's Committee. Established since 1976, Becamex IDC has now become a prestigious brand name in the field of investment and development of industrial, residential, urban and transportation infrastructure.
Currently, Becamex IDC has 28 subsidiaries and joint efforts covering areas of securities, finance, insurance, banking, construction, trading, real estate, services, telecommunication - information technology, concrete production, construction materials, mining, pharmaceuticals, healthcare and education with charter capital of approximately 5,500 bil VND.