According to a recent financial report, Vietnam-Singapore Industrial Park Joint Venture Company Limited (VSIP) recorded an after-tax profit of nearly 1,127 billion VND in the first half of this year. This represents a 3% increase compared to the same period in 2024, but is approximately 11% lower than the 2020 profit. The company's average daily profit is over 6 billion VND.

By the end of June, the company's equity was around 18,527 billion VND, a 12% increase year-on-year. Of this, over 9,943 billion VND represents undistributed accumulated profits.

Total liabilities increased by more than 22% to 23,459 billion VND, over half of which is bank loans. The company raised 3,000 billion VND through three bond issuances. The first issuance was in 7/2021 with a 9% annual interest rate. The remaining two issuances, in 9/2023, carry a 10.5% annual interest rate.

Vietnam-Singapore Industrial Park Joint Venture Company Limited was established in 1996 as a joint venture between Investment and Industrial Development Corporation (Becamex IDC - BCM) and a consortium of Singaporean investors led by Sembcorp Development.

According to Becamex IDC’s consolidated semi-annual financial report for 2025, the value of their investment in VSIP has reached nearly 7,600 billion VND. BCM's leadership aims to list VSIP on the stock market in the future to further its development.

Starting with the VSIP in Binh Duong, the company now owns 20 industrial park projects across 14 provinces and cities. These industrial parks have attracted around 880 investors from 30 countries and territories, with a total investment of 15 billion USD, creating 250,000 jobs.

From the end of 2023 until now, VSIP has commenced construction on additional industrial parks in Hung Yen, Lang Son, and Quang Ngai. They have also received investment approval for a project in Ninh Binh. VSIP is also planning to develop low-carbon industrial parks, high-tech zones, and green data centers to align with Vietnam's green transition strategy.

Tat Dat