Singaporean company plans more industrial parks in Vietnam

Kelvin Teo, Chief Executive of Sembcorp Development, has said the Singapore consortium is looking at the possibility of building a sixth, and maybe a seventh, Vietnam – Singapore Industrial Park (VSIP).

The ground-breaking ceremony of VSIP Quang Ngai on September 13th. Photo: chinhphu.vn

The ground-breaking ceremony of VSIP Quang Ngai on September 13th. Photo: chinhphu.vn

Singapore’s top daily The Business Times quoted the official as saying that Vietnam has experienced a challenging time in the past two years but the country’s potential cannot be dismissed.

Sembcorp sees Vietnam’s potential and is taking steps to raise its stake in a power plant in Ba Ria – Vung Tau province from 33.3 percent to 66.67 percent, he said.
Source: VNA

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