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Sembcorp Development Expands Vietnam Footprint with New Investment Approval for VSIP Hue

January 29, 2026

  • VSIP’s portfolio stands at 22 industrial parks spanning 12,900 hectares

Vietnam, January 29, 2026 – Sembcorp Development, through its Vietnam Singapore Industrial Park (VSIP) joint venture with Becamex IDC, has received approval to develop VSIP Hue, a 467-hectare industrial park in central Vietnam.

VSIP Hue is located in Hue City, a centrally governed city serving as an emerging administrative, economic and cultural centre for central Vietnam. Benefitting from proximity to Da Nang’s economic hub and direct access to major north-south transport corridors, the project offers manufacturers cost efficiency, skilled workforce access, and strong connectivity to domestic and global markets. 

Mr Lee Ark Boon, CEO of Sembcorp Development, said: "VSIP Hue strengthens our presence in Vietnam’s growth corridors and reflects our commitment to sustainable industrial solutions. Together with our recent project in Khanh Hoa, this investment positions us to meet rising demand from global manufacturers seeking resilient and responsible supply chains.”

Including VSIP Hue, Sembcorp Development’s urban portfolio has grown to over 15,700 hectares across China, Indonesia and Vietnam, bringing it closer to its strategic goal of 18,000 hectares of gross development land by 2028.

 

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SEMBCORP DEVELOPMENT EXPANDS VIETNAM FOOTPRINT WITH NEW INVESTMENT APPROVAL FOR VSIP HUE (0.14mb)