Becamex IDC, CapitaLand ink deal on Binh Duong New City hinh anh 1At the event (Photo: VNA)

Binh Duong (VNA) – The Becamex IDC and CapitaLand signed a deal to develop Binh Duong New City in the southern province of Binh Duong on December 13.

Speaking at the event, Chairman of the provincial People’s Committee Vo Van Minh committed all possible support for Becamex IDC and CapitaLand to do business in the locality, contributing to its socio-economic development and traditional ties between Vietnam and Singapore, and between Binh Duong and Singapore in particular.

CEO of CapitaLand Vietnam Ronald Tay hailed Binh Duong as one of the fastest growing provinces in the southern key economic region and an outstanding business destination in Vietnam.

The Binh 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 be built in the first stage from 2022-2024. The entire project will be completed by 2027, he said.

Chairman of the Becamex IDC’s Board of Directors Nguyen Van Hung expressed his belief that the project will be a boon for the development of Binh Duong province and Binh 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 political centre of Binh Duong, a city of science, education, finance and services, and a destination for international trade./.