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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 Singapore consortium led by Sembcorp Development.

The Industrial Investment and Development Corporation – The Joint Stock Company (Becamex IDC Corp) was established in 1976. After more than 40 years of construction and development, Becamex IDC Corp has presently become a prestigious brand leading in the field of investment and construction of infrastructure of industrial parks, residential areas, urban areas and transport infrastructure.

In the process of formation and development, the company has merged, invested and established member companies for the purpose of increasing competitiveness. The company has 22 member companies operating in the fields of securities, finance, insurance, banking, construction, trade, real estate, services, telecommunications – information technology, production of concrete, construction materials, mining, pharmaceuticals, health and education by now.

Sembcorp Development is a leading Asian developer with more than 25 years of experience in transforming raw land into sustainable integrated urban developments, comprising industrial parks as well as business, commercial and residential spaces. It has a portfolio of 14 private sector-led and government-supported projects in Vietnam, China, Indonesia and India, spanning around 12,300 hectares in these markets.

Sembcorp Development is a wholly-owned subsidiary of Sembcorp Industries, a leading energy, marine and urban development group, operating across multiple markets worldwide. Besides being an established brand name in urban development, Sembcorp has a strong track record in developing and developed markets and provides solutions across the energy and utilities value chain, with a focus on the Gas & Power, Renewables & Environment, and Merchant & Retail sectors. In addition, it is a world leader in marine and offshore engineering.

Sembcorp Industries has total assets of over S$23 billion and over 7,000 employees. Listed on the main board of the Singapore Exchange, it is a component stock of the Straits Times Index, several MSCI and FTSE indices, as well as the SGX Sustainability Leaders Index and the Dow Jones Sustainability Asia Pacific Index.