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.
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.
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 13 private sector-led and government-supported projects in Vietnam, China and Indonesia, spanning around 11,000 hectares in these markets.
Our projects have attracted over US$29 billion in direct investments, and we have close to 1,000 multinational and leading local corporations as tenants, delivering the economic engine for growth. Sembcorp Development is a wholly-owned subsidiary of Sembcorp Industries, a leading energy, marine and urban development group, operating across multiple markets worldwide.