Sembcorp Industries breaks ground on sustainable industrial park in Vietnam

Vietnam 200,000 dong noteVietnamese currency

Sembcorp Industries, via wholly owned subsidiary Sembcorp Development, has broken ground on the third expansion of the Vietnam Singapore Industrial Park in Binh Duong Province of Vietnam, the company said in a filing to SGX Saturday. 

The project, called VSIP Binh Duong III, is planned as a smart and sustainable industrial park, incorporating smart technology across its operations for energy, water and waste, as well as traffic and security, Sembcorp said. 

VSIP Binh Duong III is pre-qualified to meet Singapore Building and Control Authority’s Green Mark for industrial districts, the filing said. 

The site will include a 50-hectare onsite solar farm, with the first customer in the park to tap the farm to be Danish toymaker LEGO Group, Sembcorp said. LEGO Group plans to operate its first carbon-neutral factory there, the filing said.

The VSIP Binh Duong III project brings Sembcorps large-scale urban developments in Vietnam to 11, the filing said.

Sembcorp Development is a co-master developer on the VSIP projects, leading the consortium with Vietnam’s Becamex IDC Corp. in a 51:49 joint venture respectively, the filing said.

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