Project

Sembcorp and Becamex expand VSIP portfolio

Published

24 hours ago

March 13, 2025

Sembcorp Development and its joint venture partner Becamex IDC are expanding their portfolio of Vietnam Singapore Industrial Park (VSIP) projects, taking the total to 20.

Sembcorp and Becamex expand VSIP portfolio

On March 12, construction started on VSIP II Quang Ngai Industrial Park in the central province of Quang Ngai. The park is located in Dung Quat Economic Zone, covering a total area of 498 hectares. It has a total investment approximating $152 million and an operational period of 50 years.

Speaking at the groundbreaking ceremony, Deputy Prime Minister Nguyen Hoa Binh requested the project’s developers Sembcorp and Becamex to continue promoting the effectiveness of the industrial park, urban, and service model, while orienting the development of VSIP II Quang Ngai towards a smart, modern, and sustainable facility.

This should form a compelling industrial-innovation-urban-services-high-tech ecosystem, while ensuring that the industrialisation process is in line with the harmonious development of the community, forming an infrastructure and knowledge-based economy for the locality.

In addition, Sembcorp and Becamex have been awarded two new VSIP projects, bringing the total to 20.The new projects, VSIP Nam Dinh and VSIP Nghe An III, were awarded during the state visit of Party General Secretary To Lam to Singapore from March 11 to 13. At a ceremony held at Parliament House on March 12, Party General Secretary To Lam was joined by Lawrence Wong, Prime Minister of Singapore, as well as ministers and provincial leaders from Singapore and Vietnam.

VSIP Nam Dinh is a new 180-ha development in the fast-growing northern part of the country that is home to several large electronics, machinery, and automotive companies, as well as their supply chains.

VSIP Nghe An III will also cover 180ha. The two previous VSIP Nghe An projects have attracted top global manufacturers in electronics, precision engineering, and garments and textiles, helping Nghe An secure its place in the country’s top 10 destinations for foreign investment a third time.

Both VSIPs will be developed according to the principles of low-carbon industrial parks. In addition, Sembcorp and Becamex will explore the development of a first VSIP in Ha Nam province.

VSIP Nam Dinh and VSIP Nghe An III will complement the current 18 VSIPs, which have assisted more than 1,000 manufacturers in establishing their operations in strategic locations across the country. In the past year, demand for land in VSIPs has risen, driven by high value-added electronics components manufacturers and precision engineering companies.

Related Topics:Becamex Featured nam định nghệ an sembcorp VSIP

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Vietnamese PM visits Ras Laffan industrial city, concludes Qatar trip

Published

47 minutes ago

March 14, 2025

Industrialzone.net

Vietnamese Prime Minister Pham Minh Chinh on November 1 visited Qatar Energy-invested Ras Laffan industrial city, 80 kilometres to the northeast of Doha before wrapping up his official visit to the Middle Eastern country.

The industrial complex houses major oil refineries and gas processing facilities, including ORYX GTL, Pearl GTL, and Dolphin. With its enclosed artificial bay spanning 4,500 hectares of water surface, Ras Laffan serves as Qatar’s primary liquefied gas production hub and the world’s largest LNG export facility.

Established in 1996, it initially focused on storing and processing natural gas from the North Field. Over time, growing demand has transformed Ras Laffan into a massive industrial zone, with expanding LNG production facilities.

Currently, there are 13 major corporations and companies in the gas sector operating within the complex. Along with industrial facilities, Ras Laffan features Qatar’s top-quality infrastructure facilities such as the Ras Laffan emergency and safety training centre, the Erhama bin Jaber Al Jalahma shipyard, and the Ras Laffan hospital.

PM Pham Minh Chinh (second from left) visits Ras Laffan industrial city before concluding his official trip to Qatar. (Photo: VNA)

PM Chinh praised Qatar’s innovative thinking, strategic vision and expertise in developing the artificial bay and the specialised industrial complex.

As Vietnam, which boasts a 3,000-kilometre coastline, is developing major seaports and sea encroachment areas, PM Chinh proposed Qatar and Qatar Energy in particular cooperate with, invest in and help the country with financial assistance, technology transfer, human resources training, and management expertise in developing similar industrial parks and sea encroachment areas.

This was the last activity of the Government leader during his tour to the Middle East for an official visit to the United Arab Emirates (UAE); attendance at the 8th Edition of the Future Investment Initiative and working trip to Saudi Arabia; and official visit to Qatar.

PM Chinh, his spouse and the high-level delegation of Vietnam left Doha to return home at noon on the same day.

Project

Northern Vietnam province urges China giant to help with urban railway development

Published

2 hours ago

March 14, 2025

Industrialzone.net

Vietnam’s northern province of Bac Ninh, an industrial hub and home to some Samsung factories, has asked China Pacific Construction Group (CPCG) to help the province with urban railway construction.

Nguyen Anh Tuan, Party chief of Bac Ninh, made the suggestion at a Monday meeting with a CPCG delegation, led by founder and chairman Yan Jiehe.

Nguyen Anh Tuan (right), Secretary of Bac Ninh's Party Committee, and China Pacific Construction Group's founder and chairman Yan Jiehe at a meeting in Bac Ninh province, northern Vietnam, March 3, 2025. Photo courtesy of Bac Ninh TV. — Nguyen Anh Tuan (right), Secretary of Bac Ninh’s Party Committee, and China Pacific Construction Group’s founder and chairman Yan Jiehe at a meeting in Bac Ninh province, northern Vietnam, March 3, 2025. Photo courtesy of Bac Ninh TV.

Such cooperation is in line with Bac Ninh’s strategy of developing the infrastructure, digitalization, high-quality human resources, eco-friendly urban areas, and cosmetics-pharmaceutical products, he added.

Tuan also suggested CPCG help the province with workforce training, green transition, and digitalization. He requested Bac Ninh’s construction department and other agencies to collaborate with CPCG.

Besides, the Party chief proposed CPCG call on other Chinese businesses to invest in Bac Ninh.

In reply, Yan Jiehe said CPCG is willing to invest in Bac Ninh’s infrastructure and connect Bac Ninh with major businesses in China. CPCG aims to establish a headquarters in Bac Ninh, he added.

In February, Prime Minister Pham Minh Chinh requested Deputy Prime Minister Tran Hong Ha and the Ministry of Transport (now the Ministry of Construction) to study the urban railway project linking inner Hanoi with the under-construction Gia Binh airport in Bac Ninh.

According to Hanoi’s draft plan, the railway has a length of 49.52 kilometers, including 28.58 kilometers in Hanoi.

Project

Trang An Classic 2025 to tee off in Ninh Binh in April

Published

3 hours ago

March 14, 2025

Industrialzone.net

Part of the VGA Development Tour 2025 – a professional golf circuit in Vietnam, the tournament boasts a prize pool of 300 million VND (12,000 USD), promising to deliver thrilling competitions among 100 golfers, including both domestic and foreign players living in Vietnam.

Trang An Classic 2025 to tee off in Ninh Binh in April, Illustrative image (Photo: VNA)

Hanoi – Trang An Classic 2025, the second leg of the Road to Trang An Open 2025 series, is set to open at Trang An Golf & Resort in Nho Quan district, the northern province of Ninh Binh on April 9-10, the Vietnam Golf Association (VGA) reported on March 12.

The Trang An Classic 2025 will follow a stroke play format, with two 18-hole rounds. The player with the lowest gross score after 36 holes will win. If weather or course issues arise, the Tournament Committee may cancel one round’s results.

The event doubles as a qualifier for the Trang An Open 2025, set for May 15-18 at the same venue. The top five finishers will earn spots in the Open, where they’ll face off against global pros.

Marking Ninh Binh’s first-time debut as host, the tournament offers Vietnamese golfers a rare chance to earn Official World Golf Ranking (OWGR) points. The milestone highlights Vietnam’s push to raise its golf profile internationally and spotlight local talent.

Launched in July 2024, the VGA Development Tour has garnered praise from professional golfers for offering regular competition opportunities and invaluable experience ahead of bigger events.