Sembcorp, which holds a dominant stake of VSIP, expects to build a service facility in the province to supply electricity, water as well as environmental treatment technologies to factories located in the Dung Quat Economic Zone (IZ).

The Sembcorp representative emphasised the need to build a petrochemical industrial zone next to the Dung Quat oil refinery to promote its economic efficiency.

Sembcorp provided services in four key fields: utilities, marine, environment and industrial parks, and operated in Singapore, the United Kingdom, Middle East and across Asia.

The group has an integrated team of almost 7,000 employees worldwide responsible for total assets exceeding US$8.7 billion.