Tuesday, April 24, 2012
Sembcorp Industries: Vietnam SG Industrial Park (VSIP) and Vietnam will partner to build a 5th industrial park worth US$337.8m in Quang Ngai province. Development will be a 1,120 ha integrated township and industrial park project, comprising a 520 ha site slated for commercial and residential purposes and a 600 ha industrial park. VSIP jv is a 49:51 tie-up between Vietnam state-owned Becamex IDC Corp and a SG consortium respectively. SCI owns a 79.29% stake in the SG consortium. As the lead SG partner, SCI effectively holds a 40% stake in all 5 VSIP projects.