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Sembcorp Industries (Sembcorp) is pleased to announce that it has inked several partnerships (refer to Appendix) to develop a range of energy and urban solutions that will support Vietnam’s energy transition and sustainable development.
The areas of collaborations include:
- Sustainable industrial park development;
- Sustainable and reliable power system;
- Renewable energy and technology; and
- Skills and capabilities building.
The signed agreements were presented to His Excellency Mr Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam and key members of his Cabinet earlier today, on the sidelines of the President’s state visit to Singapore.
Wong Kim Yin, Group President & CEO, Sembcorp Industries said: “Vietnam has been one of Southeast Asia’s fastest growing economies and is a core market in Sembcorp’s transformation strategy. The collaborations reaffirm our deep commitment to Vietnam. We look forward to working with like-minded partners as we create synergies to build a greener and more sustainable future for the country.”
As part of the Vietnam President’s state visit to Singapore, His Excellency Mr Nguyen Xuan Phuc will also be visiting the Sembcorp Tengeh Floating Solar Farm on Tengeh Reservoir, one of the world’s largest inland floating solar photovoltaic systems.
The signings of these partnerships are not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2022.