Vietnam-Japan joint venture develops Binh Duong New City

Illustrative image (Photo: Internet)

Binh Duong (VNA) – Becamex Tokyu Co. Ltd, a joint venture between Vietnam’s Becamex IDC Corp and Japan’s Tokyu Corporation, began construction of the first shopping centre named Sora Gardens SC in Binh Duong New City in the southern province of Binh Duong on December 28.

The shopping centre sprawls over 5,000 sq.m in Hoa Phu ward, Thu Dau Mot city at the gateway to Binh Duong New City. Apart from facilities such as retail space, restaurants and a cinema, the centre is also chosen by Japan’s supermarket chain AEON to launch the first Compact General Merchandise Store model in Vietnam.

The same day, the joint venture also inaugurated an apartment building called Sora Gardens 2, which it developed in partnership with Mitsubishi Group. The Sora Gardens 2 covers a total area of 84,000 sq.m with 557 hi-end apartments on 24 floors, meeting Japanese quality standards with green living space and quality facilities.

In the near future, Becamex Tokyu will embark on other projects in Binh Duong New City such as Sora Gardens park, expansion of the Hikari Food Court, Midori Park commercial housing area, Viet Hoa International School and a bus rapid transit linking Binh Duong New City with Ho Chi Minh City’s Suoi Tien.

Becamex Tokyu was established in March 2012. Tokyu Corporation is one of the major and long-standing Japanese groups operating in railway, transportation, retail, culture, education, and most notably urban development./.