VSIP Hue is located in Hue City, a centrally governed city serving as an emerging administrative, economic and cultural centre for central Vietnam, says Sembcorp in a Jan 29 announcement.
Benefitting from proximity to Da Nang’s economic hub and direct access to major north-south transport corridors, the project offers manufacturers cost efficiency, skilled workforce access and strong connectivity to domestic and global markets, adds Sembcorp.
Lee Ark Boon, CEO of Sembcorp Development, says VSIP Hue strengthens the group’s presence in Vietnam’s growth corridors. “Together with our recent project in Khanh Hoa, this investment positions us to meet rising demand from global manufacturers seeking resilient and responsible supply chains.”
Including VSIP Hue, Sembcorp Development’s urban portfolio has grown to over 15,700ha across China, Indonesia and Vietnam, bringing it closer to its goal of 18,000ha of gross development land by 2028.
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As at 11.51am, Sembcorp shares are trading 18 cents higher, or 3% up, at $6.10.
