Kelvin Teo, Chief Executive of Sembcorp Development, has said the Singapore consortium is looking at the possibility of building a sixth, and maybe a seventh, Vietnam – Singapore Industrial Park (VSIP).

Singapore’s top daily The Business Times quoted the official as saying that Vietnam has experienced a challenging time in the past two years but the country's potential cannot be dismissed.

Sembcorp sees Vietnam’s potential and is taking steps to raise its stake in a power plant in Ba Ria - Vung Tau province from 33.3 percent to 66.67 percent, he said.-VNA