Vietnam-Singapore Industrial Park (VSIP), established in 1996 as a joint venture between Becamex IDC Corporation (Vietnam) and a Singaporean consortium led by Sembcorp Development, is a leading developer of integrated townships and industrial parks in Vietnam. Initially proposed in 1994 and officially launched in Singapore in 1996, VSIP has grown to encompass 18 parks and townships spanning nearly 11,000 hectares across 13 provinces. Headquartered in Binh Duong, VSIP focuses on attracting foreign investment in sectors like precision engineering, electronics, pharmaceuticals, and food & beverage, while prioritizing green, smart, and sustainable development. VSIP's parent companies are Becamex IDC (49% ownership) and the Singaporean consortium led by Sembcorp (51% ownership).