The park, which measures 293.7 hectares, is located in Can Tho City, a Class 1 city in Vietnam. Can Tho City, located in the Mekong Delta region of Vietnam, is regarded to be on par with the country’s Hai Phong City and Danang City. According to Sembcorp’s release, the Vietnamese central government had previously announced a new master plan approving Can Tho City’s socio-economic development for the period 2021- 2030 with a vision to make Can Tho City a centre for trade and services in the Mekong Delta region by 2030.
Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Development, has received the investment licence to develop a new industrial park in Vietnam.
The park will be operated by the Vietnam Singapore Industrial Park (VSIP) Group. Sembcorp is the joint master developer of the VSIP projects together with its long-standing partner Becamex IDC Corporation.
