The ministry expressed the opinion on its website, after receiving the joint venture's feedback to its draft amended decree on DPPAs and new and renewable energy development.

Becamex-VSIP is the developer of 20 industrial parks across the country per the Vietnam-Singapore Industrial Park (VSIP) model.

A VSIP industrial park in Ho Chi Minh City. Photo courtesy of the company.

The MoIT accepted the suggestion, saying that the latest draft decree was adjusted accordingly. The change is also in line with the National Assembly's resolution on national energy development in 2026-2030, it noted.

In addition to pricing autonomy, the ministry also agreed with VSIP’s proposal to expand the subjects eligible to participate in the DPPA mechanism.

The revised draft now includes enabling electricity retail units within industrial parks, economic zones, export processing zones, and industrial clusters that sell electricity via private grids to join the mechanism.

This allows more firms to act as intermediaries, purchasing renewable energy directly from generators to sell to various tenants within industrial parks, regardless of whether those tenants meet the threshold of "large electricity consumer" requirements.

Becamex IDC is one of Vietnam’s largest industrial real estate developers, with a sizeable land bank across key economic regions. The company currently manages seven industrial parks (IPs) with a combined area of more than 4,700 hectares and average occupancy rates of over 80%.

VSIP, a joint venture between Becamex IDC and Singapore’s Sembcorp, developed its first IP in the southern province of Binh Duong in 1996. Its portfolio now comprises 20 IPs covering a combined 12,000 hectares across Vietnam.

VSIP posted nearly VND1.13 trillion ($42.7 million) in net profit in the first half of 2025, up nearly 3.4% year-on-year.