Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023

Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023

Vietnam Singapore Industrial Park Joint Venture Co. (VSIP), the developer of VSIP industrial parks, recorded a post-tax profit of VND1,703 billion ($66.9 million) in 2023, down 24.6% year-on-year.

Companies - Mon, April 22, 2024 | 8:05 am

Sembcorp commemorates its transfer of power plant to Vietnam utility EVN

Sembcorp commemorates its transfer of power plant to Vietnam utility EVN

Sembcorp Industries (Sembcorp), through its 67%-owned joint venture Phu My 3 BOT Power Company Ltd, on Friday commemorated the transfer of Phu My 3 Power Plant to Vietnam Electricity (EVN) after 20 years of successful commercial operations.

Companies - Sat, March 9, 2024 | 11:15 pm

Singaporean government to help Petrovietnam unit’s 1.2 GW electricity export project

Singaporean government to help Petrovietnam unit’s 1.2 GW electricity export project

The Singaporean government will continue backing PTSC, the technical arm of state-owned Petrovietnam, to deploy a project to export 1.2 GW of offshore wind power from Vietnam to Singapore.

Energy - Tue, March 5, 2024 | 7:36 pm

Thermal power plant transferred to state utility EVN after BOT contract ends

Thermal power plant transferred to state utility EVN after BOT contract ends

The 715 MW Phu My 3 thermal power plant has been transferred to state utility Vietnam Electricity (EVN) for ongoing operation after its build-operate-transfer (BOT) contract ended.

Energy - Sat, March 2, 2024 | 2:53 pm

Singapore, China firms seek stakes in central Vietnam solar, wind power projects

Singapore, China firms seek stakes in central Vietnam solar, wind power projects

Quang Tri is collecting feedback on proposals by several firms from Singapore, Taiwan and mainland China for buying solar and wind power projects in the central province.

Energy - Thu, January 4, 2024 | 3:30 pm

Sembcorp receives investment license for VSIP facility in central Vietnam

Sembcorp receives investment license for VSIP facility in central Vietnam

Vietnam-Singapore Industrial Park J.V. Co. Ltd. (VSIP), a joint venture between Vietnam’s real estate developer Becamex and Singapore’s Sembcorp, has received an investment certificate for VSIP Ha Tinh Industrial Park.

Industrial real estate - Sat, December 30, 2023 | 3:46 pm

Vietnam-Singapore joint venture plans industrial parks in Dong Nai, Khanh Hoa provinces

Vietnam-Singapore joint venture plans industrial parks in Dong Nai, Khanh Hoa provinces

Vietnam-Singapore Industrial Park J.V. Co. Ltd. (VSIP), a joint venture between Vietnam’s real estate developer Becamex and Singapore’s Sembcorp, plans projects in Dong Nai and Khanh Hoa provinces.

Industrial real estate - Thu, December 21, 2023 | 8:07 pm

Sembcorp to spend $160 mln on 245 MW renewables portfolio in Vietnam

Sembcorp to spend $160 mln on 245 MW renewables portfolio in Vietnam

Singapore’s Sembcorp Industries will spend a maximum of SGD218 million ($160.3 million) on acquiring majority interests ranging 73-100% in subsidiaries of Vietnam’s multi-sector firm Gelex, consequently adding 245 MW of renewable energy assets to its portfolio in the country.

Energy - Sat, November 11, 2023 | 10:41 am

Singapore’s Sembcorp to import 1.2 GW of renewable energy from Vietnam

Singapore’s Sembcorp to import 1.2 GW of renewable energy from Vietnam

Sembcorp, an energy and urban development giant, has received conditional approval from Singaporean authorities to import 1.2 gigawatts of renewable electricity from Vietnam to the island nation.

Energy - Tue, October 24, 2023 | 3:37 pm

VSIP to build 190-hectare industrial park in Ha Tinh province

VSIP to build 190-hectare industrial park in Ha Tinh province

The Vietnam-Singapore Industrial Park (VSIP) Group, a joint venture between Singapore’s Sembcorp Industries and Vietnam’s Becamex IDC, was allowed on Tuesday to build a 190-hectare industrial park in the central province of Ha Tinh.

Industrial real estate - Tue, August 29, 2023 | 6:25 pm

Two PMs power Vietnam-Singapore Industrial Parks development, bilateral ties

Two PMs power Vietnam-Singapore Industrial Parks development, bilateral ties

Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lee Hsien Loong keep acting as a driving force for the development of Vietnam-Singapore Industrial Parks (VSIPs) in Vietnam.

Economy - Tue, August 29, 2023 | 11:54 am

Speed up work on Vietnam-Singapore Innovation Center, investor urged

Speed up work on Vietnam-Singapore Innovation Center, investor urged

The Binh Duong administration has urged leading property developer Becamex IDC to accelerate work on the Vietnam-Singapore i4.0 Innovation Center in the southern province.

Real Estate - Fri, August 25, 2023 | 2:46 pm

Petrovietnam seeks sea survey license in August for electricity export to Singapore

Petrovietnam seeks sea survey license in August for electricity export to Singapore

State-owned oil and gas group Petrovietnam wants authorities to grant a sea survey license to its technical arm PTSC this month for an offshore wind power project that will export electricity to Singapore.

Energy - Sat, August 12, 2023 | 9:42 am

Major institutions, firms team up to promote clean energy in SE Asia

Major institutions, firms team up to promote clean energy in SE Asia

Southeast Asia’s development of renewable energy generation and transmission, of which Vietnam will be both a buyer and seller, is gathering more forces to advance.

Energy - Wed, July 12, 2023 | 11:19 am