Sembcorp gets go-ahead for Vietnam projects

A $338m industrial park is in the works as well as a 1,200-megawatt power plant.

Sembcorp Industries said its Vietnam Singapore Industrial Park joint venture was awarded the investment certificate by the People’s Committee of Quang Ngai Province for its fifth VSIP project.

VSIP Quang Ngai will comprise a 600-hectare industrial park located within the Dung Quat Economic Zone as well as a 520-hectare site zoned for commercial and residential development near downtown Quang Ngai city.

At the same time, Sembcorp’s wholly-owned subsidiary Sembcorp Utilities was granted an in-principle approval from Quang Ngai PC to develop a 1,200-megawatt power plant to be located in Dung Quat Economic Zone in Quang Ngai province.

Sembcorp said it is currently assessing the feasibility of the project, for which the Group had signed a memorandum of understanding with Quang Ngai PC to explore.

The investment certificate for VSIP Quang Ngai and the in-principle approval for the development of the power plant were presented to Low Sin Leng, Executive Chairman of Sembcorp Development and Deputy Chairman of Sembcorp Utilities, at a ceremony held at Hanoi’s Presidential Palace.

The ceremony was held in conjunction with Singapore President Tony Tan’s first presidential visit to Vietnam.