Enhanced Partnership Between Vietnam and Singapore for Advancing Smart and Sustainable Industrial Parks
Enhanced Partnership Between Vietnam and Singapore for Advancing Smart and Sustainable Industrial Parks SolarQuarter
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Sustainable Development Goals (SDGs) in Vietnam-Singapore Industrial Parks (VSIPs)
Sembcorp Development and Becamex IDC Corporation Expand VSIP Portfolio
Sembcorp Development, a subsidiary of Sembcorp Industries based in Singapore, together with its Vietnamese joint venture partner Becamex IDC Corporation, a state-owned enterprise, have revealed the incorporation of four additional Vietnam Singapore Industrial Parks (VSIP) into their portfolio. Furthermore, Memoranda of Understanding (MOUs) outlining plans for an impressive total of 10 prospective VSIPs were unveiled.
Inauguration by Prime Ministers of Singapore and Vietnam
This significant step forward was officially inaugurated by His Excellencies, Mr. Lee Hsien Loong and Mr. Pham Minh Chinh, the respective Prime Ministers of Singapore and Vietnam. Accompanied by government officials, ministers, and provincial leaders, they participated in a special state ceremony aimed at endorsing the VSIP initiatives, emblematic of the strong bonds between Vietnam and Singapore.
Addition of Four New VSIPs
Sembcorp and Becamex have been granted the investment license for the establishment of VSIP Lang Son, an expansive 600-hectare industrial park. Additionally, they have secured Prime Minister Chinh’s preliminary approvals to proceed with the development of fresh VSIPs in Thai Binh, Binh Thuan, and Ha Tinh provinces. This augmentation brings the total count of VSIPs within their repertoire to 17, making it the most extensive Vietnam-Singapore cooperative effort encompassing 13 different locations across Vietnam.
MOUs for 10 Prospective VSIPs
Envisioning a dynamic future, the event witnessed the leaders of 10 provinces reaffirming their dedication to collaborate alongside Sembcorp and Becamex for the purpose of jointly conducting feasibility assessments for an impressive count of 10 potential VSIPs. This resolute commitment is spread across the nation, encompassing Binh Phuoc and Tay Ninh in the southern region; Khanh Hoa, Thua Thien Hue, and Quang Ngai II in central areas; Thanh Hoa in the north-central zone; and Nam Dinh, Ninh Binh, Hai Duong II, and Hai Phong II in the northern regions.
The proceedings reached their pinnacle as the Prime Ministers partook in a virtual groundbreaking ceremony for three distinct VSIPs – VSIP Can Tho in the Mekong Delta, VSIP Bac Ninh II in the Red River Delta, and VSIP Nghe An II in the North Central Coast. This symbolic commencement of land development sets the stage for customer handovers commencing from the year 2024 onward.
Sustainable Development Goals (SDGs) and VSIPs
Since 1996, the VSIPs have stood as a pivotal platform for bilateral cooperation. A testament to their significance, they play a vital role in hosting foreign manufacturing investments, catalyzing the transformation of local provinces from agrarian economies to industrial hubs, thus fostering Vietnam’s holistic development. The introduction of these new VSIPs is poised to fortify collaboration in the realm of intelligent and sustainable industrial parks, envisioned to represent the future model of sustainable industrialization.
It’s important to note that these collaborations are not anticipated to exert any substantial impact on Sembcorp’s earnings per share and net tangible assets per share for the fiscal year concluding on December 31, 2023
Related
SDGs, Targets, and Indicators
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SDG 9: Industry, Innovation, and Infrastructure
- Target 9.2: Promote inclusive and sustainable industrialization
- Indicator: Number of industrial parks established or expanded
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SDG 17: Partnerships for the Goals
- Target 17.16: Enhance the global partnership for sustainable development
- Indicator: Number of MOUs signed for collaborative projects
Note: The article does not explicitly mention the SDGs, targets, or indicators. The analysis is based on the content of the article and the relevance of the issues discussed.
Analysis
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SDG 9: Industry, Innovation, and Infrastructure
The article highlights the incorporation of four additional Vietnam Singapore Industrial Parks (VSIP) into Sembcorp Development’s portfolio. This aligns with SDG 9, which aims to promote inclusive and sustainable industrialization. The establishment and expansion of industrial parks contribute to creating infrastructure for industries and fostering economic growth.
- Target 9.2: Promote inclusive and sustainable industrialization
- Indicator: Number of industrial parks established or expanded
The article mentions the establishment of VSIP Lang Son, an expansive 600-hectare industrial park, as well as the development of fresh VSIPs in Thai Binh, Binh Thuan, and Ha Tinh provinces. These initiatives contribute to the target of promoting inclusive and sustainable industrialization by providing infrastructure for industries in different regions of Vietnam.
The article mentions the addition of four new VSIPs, bringing the total count of VSIPs within Sembcorp’s repertoire to 17. This indicates progress towards the target of promoting inclusive and sustainable industrialization, as the number of industrial parks is increasing.
-
SDG 17: Partnerships for the Goals
The article highlights the collaboration between Sembcorp and Becamex, as well as the involvement of government officials, ministers, and provincial leaders. This aligns with SDG 17, which aims to enhance the global partnership for sustainable development. The partnerships formed in this context contribute to fostering cooperation and achieving sustainable development goals.
- Target 17.16: Enhance the global partnership for sustainable development
- Indicator: Number of MOUs signed for collaborative projects
The article mentions the signing of Memoranda of Understanding (MOUs) between Sembcorp, Becamex, and the leaders of 10 provinces for collaborative feasibility assessments of potential VSIPs. This demonstrates progress towards the target of enhancing the global partnership for sustainable development through collaborative projects.
The article mentions the MOUs for 10 prospective VSIPs, indicating progress towards the target of enhancing the global partnership for sustainable development. The number of MOUs signed reflects the level of collaboration and partnership in pursuing sustainable development goals.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.2: Promote inclusive and sustainable industrialization | Number of industrial parks established or expanded |
| SDG 17: Partnerships for the Goals | Target 17.16: Enhance the global partnership for sustainable development | Number of MOUs signed for collaborative projects |
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Source: solarquarter.com
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