Vietnam, Japan firms to build $1 bln urban area in Binh Duong province
Kim Oanh Group, a local real estate developer, and four Japanese partners will jointly develop the $1-billion The One World urban area in Vietnam’s southern province of Binh Duong.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Tokyu seeks trans-Asia railway development in southern Vietnam
Japanese urban development group Tokyu is looking to build part of a trans-Asia railway in Binh Duong province, an industrial hub in southern Vietnam.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Manufacturing hub Binh Duong plans 10 new industrial parks
The Industrial Zones Authority of Binh Duong province, a manufacturing center in southern Vietnam, is promoting the establishment of 10 new industrial parks (IPs) in the 2023-2030 period.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese courier, Singapore realty firm ink sorting center pact
Frasers Property Vietnam, subsidiary of Singapore-headquartered Frasers Property, and SPX, a Vietnamese logistics services provider, have agreed to cooperate on setting up an automatic sorting center in Binh Duong province.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s CapitaLand plans 70% growth in Vietnam residential portfolio
CapitaLand Development, the development arm of Singapore-headquartered CapitaLand Group, aims to grow its Vietnam residential portfolio to 27,000 units by 2028, a 70% growth from the current 16,000.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore trust Mapletree Logistics to spend $51 mln on buying 2 Vietnam properties
Mapletree Logistics Trust, a Singapore-based logistics real estate investment trust, is set to spend SGD68.4 million ($50.9 million) on the acquisitions of two logistics properties in Vietnam.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong emerges as attractive destination for affordable home buyers
While the apartment supply in Ho Chi Minh City has hit its lowest point in the last 10 years, neighboring Binh Duong province is emerging as an attractive destination for home buyers with a supply of diverse products at affordable prices, according to Savills Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Lego factory is southern Vietnam to begin partial operation from August
The construction of Lego’s factory in Vietnam’s southern province of Binh Duong has reached 61.7% completion, meeting the deadline, and can enter partial operation from August, said Lego Group Vice President Preben Elnef.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Lego to begin production at Vietnam factory in 2025
Lego’s under-construction factory in Vietnam is scheduled to begin production in 2025, the Danish toy producer said in a statement last week.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
MBBank to finance $61 mln for 780-room apartment in Binh Duong province
Phu Dong 5 Investment Company Limited, under Phu Dong Real Estate Group JSC, and MBBank have signed an agreement on financing the construction of Phu Don SkyOne apartment complex.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
WB to invest $231 mln in southern Vietnam water improvement
The World Bank has approved a $311 million project of improving the water environment in Binh Duong province, serving 550,000 people in southern Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danish toymaker Lego eyes Vietnam trial production in H2/2024
Lego is on track to begin trial production at its factory in the southern province of Binh Duong in the second half of 2024, with official production in early 2025.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Procter & Gamble to boost output of Vietnam factory by nearly 50%
U.S. multinational consumer goods giant Procter & Gamble (P&G) is set to increase its annual output of chemical consumer goods from its factory in the southern province of Binh Duong by 48.7% to 487,431 tons.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tetra Pak to raise investment in Binh Duong province to $173 mln
Singapore packaging giant Tetra Pak will raise its investment in Vietnam's southern province of Binh Duong to $173 million under an investment certificate granted at the “Meet Singapore 2023” event on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Japan realty firms join hands for $150 mln affordable housing project
Two Japanese real estate firms – Cosmos Initia and Koterasu – have teamed up with Vietnamese developer TTCapital Investment for a $150 million affordable housing project in Binh Duong province, southern Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Developer Phat Dat, Military Bank ink cooperation pact for $447 mln southern Vietnam project
Phat Dat Real Estate Development JSC and MB Bank have signed a comprehensive cooperation agreement for the Thuan An 1&2 real estate project in Binh Duong province.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate developer Phat Dat gets nod to issue 67.2 mln shares
Phat Dat Real Estate Development JSC says it has received approval from the State Securities Commission (SSC) to issue 67.16 million new shares in a private placement.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Denmark jewelry maker Pandora defers Vietnam factory operations to 2026
Denmark’s Pandora, the world’s largest jewelry brand by revenue, has delayed the opening of its $100-million factory in Vietnam's southern province of Binh Duong to 2026 over challenges in getting a construction license.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong province land management violations unveiled
The Government Inspectorate has detected multiple violations in the management and use of land in the southern province of Binh Duong, including slow project implementation, illegal changes to land use purposes, and spontaneous land divisions.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
European firms inaugurate $84 mln instant coffee factory in southern Vietnam
The Netherlands-headquartered Louis Dreyfus Company (LDC) and Poland-based Instanta Sp.zo.o. inaugurated a $84.2 million instant coffee factory in Binh Duong province on Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong 'big man' Protrade forced to pay $5.9 mln in taxes
Binh Duong Production-Import & Export Corporation (Protrade) in the southern province of Binh Duong has been ordered to pay more than VND144 billion ($5.9 million) in tax debt, fines and late payment fees.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Lego on track to start production at Vietnam plant in H2 next year
Danish toymaker Lego is on track to begin production at its Vietnam factory in the southern province of Binh Duong in the second half of 2024, said Preben Elnef, general manager of Lego Manufacturing Vietnam and vice president of the Lego Group.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong province okays 4 Japanese FDI projects
Binh Duong province, an industrial hub in southern Vietnam, has approved four investments by Japanese firms worth nearly $170 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong high-rise apartment project raises capital without construction permit
A trade, office and high-rise apartment complex project of Pi Group in Binh Duong province, which borders Ho Chi Minh City, has received sales deposits although it has no construction permit or permission to open for sale.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Speed up work on Vietnam-Singapore Innovation Center, investor urged
The Binh Duong administration has urged leading property developer Becamex IDC to accelerate work on the Vietnam-Singapore i4.0 Innovation Center in the southern province.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore firms to develop smart energy solutions in southern Vietnam
Two Singaporean businesses – Frasers Property Vietnam and the SP Group – will jointly develop integrated smart, clean energy solutions for the Binh Duong Industrial Park in southern Vietnam.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
‘Sky the limit’ for Vietnam industrial real estate: developer
Vietnam’s rapid growth and supply chair diversification efforts by MNCs are bringing ample development opportunities to the country’s industrial real estate industry, says Deep C Industrial Zones CEO Bruno Jaspaert.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese, S Korean firms ink plastic waste recycling pact
Vietnamese environmental and water supply company Biwase has signed a memorandum of understanding with South Korean firm City Oil Field to cooperate in recycling plastic waste.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danish A.P. Moller-Maersk to build logistics center in southern Vietnam
Denmark’s integrated container logistics firm A.P. Moller-Maersk will build a major logistics center in Binh Duong province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial real estate development outlook robust in southern Vietnam
Southern Vietnam’s industrial property market is heating up, helping developers to make a profit and resulting in the prospect of new supplies.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam developer to emulate Singapore social housing models
Vietnam's Kim Oanh Group is in a position to open a “new chapter” in real estate development, building around 40,000 social housing units in southern Vietnam by 2028, utilizing Singaporean standards and expertise.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia’s Gamuda to spend $316 mln on Vietnam real estate project acquisition
Gamuda Land, the property arm of Malaysia’s Gamuda Berhad, will spend VND7.2 trillion ($315.8 million) to acquire 100% of equity in Vietnam’s Tam Luc Real Estate Corporation.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nebraska governor focuses on Vietnam market to bolster trade
Governor of the U.S. state of Nebraska Jim Pillen will continue to focus on building trade, investment, economic development and educational opportunities with Vietnam moving forward, his office said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong leads southern localities in affordable apartment supply
Affordable apartment supply increased significantly in the southern region in the second quarter of this year, mainly in Thuan An, Di An and Thu Dau Mot towns of Binh Duong province, dubbed the industrial "capital" of the country.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Instant noodles pioneer Nissin Foods purchases Vietnam unit for $9.5 mln
Hong Kong-incorporated Nissin Foods announced Thursday the acquisition of a 67 percent stake in instant noodles maker Nissin Vietnam for $9.5 million.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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