Sembcorp breaks ground on VSIP Binh Duong III project in Vietnam

Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, recently broke ground on the third expansion of the Vietnam Singapore Industrial Park in Binh Duong province, Vietnam – referred to as VSIP Binh Duong III.

The 1,000-ha project marks a new design concept that aligns with Sembcorp’s focus on growing its portfolio of sustainable urban developments, explained the company. It is envisioned to be the model of a smart and sustainable industrial park, featuring smart technology across its operations – from energy, water and waste use, to traffic and security management.

The use of real-time tracking devices to remotely monitor, analyse and optimise performance allows for enhanced visibility over operations, so that the park can be more secure, reliable and efficient for customers and workers.

According to Sembcorp, the project’s 100-ha first phase is also pre-qualified to meet Singapore Building and Construction Authority’s (BCA) Green Mark for industrial districts, making it one of the greenest and most sustainable workplace environments in Vietnam.

Another highlight of VSIP Binh Duong III is its 50-ha onsite solar farm offering grid reliability and sustainability benefits to large industrial tenants. The park’s first customer to tap on the planned solar farm is Danish toymaker Lego Group.

At the groundbreaking ceremony, the Vietnam government presented Lego Group with the investment licence for a production facility on a 44-ha site, representing an investment of more than US$1 billion. Lego Group intends to operate its first carbon-neutral factory, which will be powered by renewable energy drawn from the solar farm installed by VSIP as well as solar panels installed onsite.

As part of the VSIP Binh Duong III masterplan, Sembcorp revealed it will also explore providing a wider range of sustainable solutions such as micro-grid-integrated solar and battery storage, wastewater recovery and electric vehicle charging infrastructure.

The project’s groundbreaking ceremony follows the recent presentation of the investment licence to Sembcorp during the Vietnamese President’s state visit to Singapore in February 2022. Sembcorp Development is a co-master developer of the VSIP projects, leading the Singapore consortium’s partnership with Vietnam’s Becamex IDC Corporation in a 51:49 joint venture respectively.

All images: Sembcorp Development Ltd