Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, has announced that it will be involved in the development of a new industrial park in Vietnam’s Quang Tri province. 

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), which is Sembcorp Development’s joint venture with longstanding partner Becamex IDC Corporation. 

Sembcorp’s effective ownership in the project will be 29.6%. 

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