Becamex signs 5 MoUs with Chinese firms to boost investment in central Vietnam
Vietnam’s industrial park developer Becamex Binh Dinh JSC has signed five MoUs with Chinese companies, marking a significant step forward in attracting foreign investment to Gia Lai province.
Becamex Binh Dinh JSC signs MoUs with Chinese enterprises at the Gia Lai-China Investment Promotion Conference in Gia Lai province, central Vietnam, September 9, 2025. Photo by The Investor/Nguyen Tri.
The signing took place on Tuesday during the “Gia Lai-China Investment Promotion Conference,” co-hosted by Becamex Binh Dinh, Becamex IDC, and Vietnam-Singapore Industrial Park (VSIP) Group. The event brought together representatives from over 50 companies and organizations from China.
Nguyen Van Lang, CEO of Becamex Binh Dinh, emphasized Gia Lai's unique investment potential following its merger with Binh Dinh province on July 1, 2025. He highlighted the province’s abundant natural resources and strategic location as a gateway to the East Sea.
The company is currently developing the Becamex VSIP Binh Dinh Industrial, Urban and Service Complex, envisioned as one of the most modern and integrated industrial parks in central Vietnam.
The project aims to meet the demands of foreign investors while also providing a high-quality living and working environment for local and international professionals and workers.
Covering 1,425 hectares, including 1,051 ha for industrial development and 374 ha for urban and service areas, it has a total investment of over $350 million. The project features comprehensive legal documentation, modern infrastructure, industrial land plots, residential housing for experts and workers, and a built-in service ecosystem.
According to Huang Chyong Yu, marketing director of Becamex Binh Dinh, over 300 ha of industrial land have already been developed and are ready for handover to secondary investors from China.
In addition to central and provincial incentives, investors in the park will receive free support for administrative procedures, workforce recruitment, and business matching. Office space will also be provided free of charge before and after the investor's legal entity is established, she said.
In a move to reinforce its commitment to Chinese investment, Becamex Binh Dinh held bilateral meetings with Chinese companies operating in precision engineering, industrial equipment, indoor and outdoor furniture manufacturing, textiles, medical devices, and industrial and urban real estate.
- Related News
- Read More
Vietnam's National Credit Information Center 'attacked by hackers'
The Vietnam Cyber Emergency Response Center (VNCERT) on Thursday announced that it has received a report of a cyber security incident occurring at the National Credit Information Center of Vietnam (CIC) and initial reports show "signs of personal data breach".
Economy - Fri, September 12, 2025 | 9:42 am GMT+7
Central Vietnam province Quang Tri to develop 'four-in-one' airport urban complex
With Quang Tri Airport scheduled to begin operations in Q2/2026, the central province of Quang Tri is urgently reviewing legal frameworks and planning to establish an integrated aviation industrial and airport urban complex.
Real Estate - Fri, September 12, 2025 | 9:02 am GMT+7
Vietnam’s private lender VPBank to enter crypto asset market
VPBank, a leading private lender in Vietnam, is finalizing procedures to launch a cryptocurrency asset trading platform under a pilot program freshly adopted by the Government.
Finance - Fri, September 12, 2025 | 8:26 am GMT+7
Malaysia targets regional AI leadership under 2030 plan
Malaysia is intensifying efforts to advance its artificial intelligence (AI) agenda under the National AI Action Plan 2030, with the long-term aim of positioning itself among the region’s leaders in the field.
Southeast Asia - Thu, September 11, 2025 | 9:50 pm GMT+7
Agribank honored among top 10 most reputable commercial banks in Vietnam 2025
Agribank was named among the Top 10 Most Reputable Commercial Banks in Vietnam in 2025 at the recent Vietnam CEO Summit jointly organized by Vietnam Report and VietNamNet newspaper.
Companies - Thu, September 11, 2025 | 9:03 pm GMT+7
Transport infrastructure builder Deo Ca eyes metro line in Vietnam’s central tourism hub
Deo Ca Group, one of Vietnam’s leading transport infrastructure developers, is keen to invest in a metro line linking two major tourism hubs in the central region.
Infrastructure - Thu, September 11, 2025 | 7:41 pm GMT+7
Lego launches its 5th regional distribution center in southern Vietnam
Danish toymaker Lego has launched its fifth worldwide regional distribution center (RDC) in Vietnam’s southern province of Dong Nai via an expanded partnership with global logistics group Kuehne+Nagel, the company said in a statement on Wednesday.
Industries - Thu, September 11, 2025 | 7:05 pm GMT+7
Southern Vietnam diesel oil-fueled power plant begins renovation to switch to using gas
Investor EVNGENCO2 under Vietnam's state utility EVN and contractor LIGEPS last week signed on a contract for the O Mon 1 thermal power plant in the southern city of Can Tho to convert to using gas from Block B offshore Southwest Vietnam.
Energy - Thu, September 11, 2025 | 4:46 pm GMT+7
Malaysia's Petronas, Vietnam's PV Gas seek to deepen ties in LNG
The Malaysian government-owned oil and gas giant Petronas and PV Gas, a subsidiary of state-owned Petrovietnam, aim to strengthen their ties in a "comprehensive, long-term and sustainable manner", including in LNG supply and projects.
Companies - Thu, September 11, 2025 | 3:00 pm GMT+7
The ASEAN trade puzzle: Smart moves in a shifting landscape
To navigate the significant uncertainty caused by U.S. tariffs and enhance operational resilience, Vietnamese firms must prioritize supply chain agility by investing in digital integration, leveraging supply chain finance, and implementing early-warning systems to anticipate and mitigate disruptions, write Runa Baksi, head of Southeast Asia, global trade solutions at HSBC, and Surajit Rakshit, head of global trade solutions at HSBC Vietnam.
Economy - Thu, September 11, 2025 | 11:19 am GMT+7
When the Vietnamese stock market 'takes a break'
After two strong correction sessions, the Vietnamese stock market in recent sessions has been in a state of tug-of-war and sideways movement. Some experts argue that such development is necessary for the VN-Index to conquer higher points.
Finance - Thu, September 11, 2025 | 9:35 am GMT+7
Vietnam to break ground on Cat Lai bridge next year to link Long Thanh airport with HCMC
The southern province of Dong Nai plans to start construction of VND18 trillion ($682.5 million) Cat Lai bridge that connects Long Thanh International Airport and Ho Chi Minh City next year, according to Vice Chairman of the provincial People’s Committee Ho Van Ha.
Companies - Thu, September 11, 2025 | 7:55 am GMT+7
State Bank of Vietnam Governor rated A+ by Global Finance
Global Finance has ranked Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong A+, the highest grade in its 2025 Central Banker Report Cards.
Banking - Wed, September 10, 2025 | 10:11 pm GMT+7
Vietnam officially pilots crypto asset market
Starting from Tuesday, Vietnamese enterprises with a charter capital of at least VND10 trillion ($379 million) and meeting certain conditions will be eligible to receive a license to participate in the pilot of a crypto asset market in the country.
Finance - Wed, September 10, 2025 | 9:52 pm GMT+7
Indonesia urges feed industry to stabilize prices to protect farmers
Indonesia’s Ministry of Agriculture has urged animal feed companies to refrain from raising prices amid rising production costs in many key centres, which has the potential to burden poultry farmers, both small and large-scale operations.
Southeast Asia - Wed, September 10, 2025 | 9:25 pm GMT+7
Malaysia consolidates position in semiconductor supply chain
Malaysia can maintain its position as a middle power in the global semiconductor supply chain through the implementation of the National Semiconductor Strategy (NSS), which was launched in May last year, according to Deputy Investment, Trade and Industry Minister Liew Chin Tong.
Southeast Asia - Wed, September 10, 2025 | 9:23 pm GMT+7
