Sembcorp Development, through its Vietnam-Singapore Industrial Park (VSIP) joint venture with Becamex IDC, has received investment approvals to develop four new VSIPs — VSIP Hai Phong II, VSIP Ha Nam Integrated High-tech Park, VSIP Nghe An IV and VSIP Binh Duong IV.
Located in Vietnam and ranging from 80 to 630 hectares in size, the VSIPs are expected to support export-oriented manufacturing industries, as well as high-tech and digital economy sectors including electronics and precision engineering.
With the new additions, Sembcorp’s VSIP portfolio now comprises 26 industrial parks spanning more than 14,300 hectares which support 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.
“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,” says Sembcorp Development CEO Lee Ark Boon. “These new projects will continue to attract quality investments, create jobs and contribute to Vietnam’s long-term economic growth.”
