Business

Becamex IDC, CapitaLand ink deal on Binh Duong New City

The Becamex IDC and CapitaLand signed a deal to develop Binh Duong New City in the southern province of Binh Duong on December 13.
Becamex IDC, CapitaLand ink deal on Binh Duong New City ảnh 1At the event (Photo: VNA)

Binh Duong (VNA) – The Becamex IDC and CapitaLand signed a deal todevelop Binh Duong New City in the southern province of Binh Duong on December13.

Speakingat the event, Chairman of the provincial People’s Committee Vo Van Minhcommitted all possible support for Becamex IDC and CapitaLand to do business inthe locality, contributing to its socio-economic development and traditionalties between Vietnam and Singapore, and between Binh Duong and Singapore inparticular.

CEO of CapitaLand Vietnam Ronald Tay hailed Binh Duong as one of the fastestgrowing provinces in the southern key economic region and an outstandingbusiness destination in Vietnam.

TheBinh Duong New City project covers a site of 18.9ha, providing various types of housing including over 3,700 apartments,which can accommodate around 13,000 residents. About 1,300 apartments will bebuilt in the first stage from 2022-2024. The entire project will be completedby 2027, he said.

Chairmanof the Becamex IDC’s Board of Directors Nguyen Van Hung expressed his beliefthat the project will be a boon for the development of Binh Duong province andBinh Duong New City in particular, not only in real estate but also in trade,services, socio-culture and human resources.  

The Binh Duong New City is set to become a new politicalcentre of Binh Duong, a city of science, education, finance andservices, and a destination for international trade./.

VNA
#Binh Duong New City #Vietnamplus #Vietnam News Agency #Becamex IDC #CapitaLand #socio-economic development Binh Duong
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