Four new Vietnam-Singapore industrial parks to boost investments, 10 others in pipeline

Lee Hsien Loong (centre, left) and his Vietnamese counterpart Pham Minh Chinh (centre, right) at an Aug 29 event in Hanoi where MoUs for the 10 prospective parks were presented. - LIANHE ZAOBAO

HANOI (Vietnam News/Asia News Network): Companies in Singapore and Vietnam are poised to reap more benefits from a steady increase in the number of Vietnam-Singapore Industrial Parks (VSIPs), with Sembcorp Development announcing the addition of four new ones to its portfolio.

The wholly owned subsidiary of Singapore-listed energy and urban solutions provider Sembcorp Industries said on Tuesday that this will bring the total number of VSIPs to 17.