Sembcorp subsidiary to develop industrial park in Vietnam

The company will have 29.6% effective ownership in the redevelopment project.

A subsidiary of Sembcorp Industries, Sembcorp Development, will be involved in the development of a new industrial park in Vietnam’s Quang Tri province.

The project, Quang Tri Industrial Park, will be located 60 kilometres of Phu Bai International Airport (Hue airport) in Central Vietnam. It will span approximately 481 hectares, with the initial development phase comprising 97 hectares.

The investment licence for this project, Quang Tri Industrial Park, has been issued to a consortium that includes Vietnam Singapore Industrial Park Joint Venture Co (VSIPJV), Sembcorp Development’s joint venture company with long-standing partner Becamex IDC Corporation.

According to the announcement posted in the Singapore Exchange, following the receipt of the investment licence, the new joint venture will require the clearance of anti-monopoly legislation and enterprise registration to establish a joint venture company in Vietnam.

Sembcorp Development’s effective ownership in the project will be 29.6%. The entire process is expected to be completed by mid-2021.

The Quang Tri Industrial Park project is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2021, Sembcorp said.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The growth was driven by the increase in services inflation.
A new range of collaborative social spaces will make up the structure. 
One measure is the removal of the clickable links in SMSes sent by the bank.
The increase represented increased considerations of 2.1% in cash and 5.8% in shares.
It achieved a 100% sellout in its apartment launches at Yanlord Arcadia.
The institutions will collaborate on payments innovation projects amongst others.
Keppel Corp had the most growth.
It got Asian Infrastructure Investment Bank as its investor.
This optimistic performance is expected to continue until March 2022.
The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period. 
Along with this, the group recommends a green financing bank.
The SGX listed SPAC raised $23.4m from the offering.
They believe crypto's value will increase in the next five years.
ThaiBev had the most growth.