Warburg Pincus-invested IP developer BW begins work on 12th project in Vietnam

By Tri Duc
Thu, December 5, 2024 | 12:44 pm GMT+7

BW Industrial Development JSC, a joint venture between American private equity giant Warburg Pincus and Vietnamese top industrial developer Becamex, has kicked off the construction of BW Deep C 2 Industrial & Logistics Park in Hai Phong city.

The complex, located in the northern coastal city, is the 12th project of BW in Vietnam this year, fulfilling its target of 12 new projects in 2024.

Work on the latest project started on Wednesday and is set for completion in the third quarter of 2025.

BW Deep C 2 Industrial & Logistics Park in Hai Phong city, northern Vietnam. Photo courtesy of the firm.

BW Deep C 2 Industrial & Logistics Park in Hai Phong city, northern Vietnam. Photo courtesy of the firm.

BW Deep C 2 is BW’s 10th project in Hai Phong, further solidifying BW’s position as the market leader in this economic hub of Vietnam.

With 12 projects launched for construction this year, the company is poised to meet the rapidly rising demand driven by global supply chain diversification and Vietnam’s increasing FDI inflow.

Currently, BW is running and building 59 projects in 12 cities and provinces of Vietnam, with a gross floor area of 4.4 million square meters.

In September, during his working trip in the United States, Vietnamese Party chief To Lam had a meeting with Jake Siewert, Warburg Pincus head of global public policy and political risk. The American side affirmed the firm has so far invested over $4 billion in Vietnam, the third-biggest figure in Asia, only behind China and India.

Warburg Pincus aims to invest more in Vietnam in green finance, renewable energy, and implementation of Vietnam's power development plan VIII (PDP VIII), the executive added.

The country’s total registered FDI hit $31.4 billion in the past 11 months, up 1% year-on-year. Of this, $17.39 billion (up 0.7%) was newly-registered capital for 3,035 projects (up 1.6%).

About $9.93 billion (up 40.7%) was additional capital of 1,350 operational projects (up 12.9%), and $4.06 billion (down 39.7%) came from 3,029 capital contributions/capital acquisitions (down 7%).

Hai Phong ranked fourth with $2.15 billion.

Comments (0)
  • Read More
Vietnam's construction giant Coteccons plans $53 mln bond issue

Vietnam's construction giant Coteccons plans $53 mln bond issue

Vietnamese construction giant Coteccons (HoSE: CTD) plans to issue bonds worth up to VND1.4 trillion ($53.45 million) to the public this year as part of its 2025 capital mobilization plan, according to a company release.

Companies - Thu, July 3, 2025 | 8:12 pm GMT+7

Over $534 mln needed for central Vietnam city’s seaport infrastructure

Over $534 mln needed for central Vietnam city’s seaport infrastructure

Hue city in central Vietnam needs about VND14.05 trillion ($534.24 million) in investment for its seaport system during the 2021-2030 span, with approximately VND12.79 trillion ($488.05 million) for wharves.

Infrastructure - Thu, July 3, 2025 | 4:24 pm GMT+7

Ca Na LNG-fueled power project in central Vietnam extends bidding deadline

Ca Na LNG-fueled power project in central Vietnam extends bidding deadline

The bidding deadline for the Ca Na LNG-to-power project in south-central Vietnam's Khanh Hoa province has been extended to 2 p.m. on July 19, 2025.

Energy - Thu, July 3, 2025 | 4:06 pm GMT+7

USD price in Vietnam hits new peak as US, Vietnam reach agreement on trade deal framework

USD price in Vietnam hits new peak as US, Vietnam reach agreement on trade deal framework

Vietnamese banks on Thursday raised the USD price to the central bank-regulated ceiling of VND26,345, 3.1% higher than at the beginning of the year.

Banking - Thu, July 3, 2025 | 3:47 pm GMT+7

Vietnam inaugurates first paper-based food packaging line

Vietnam inaugurates first paper-based food packaging line

The first paper-based food packaging line in Vietnam applying Tetra Recart® technology was officially inaugurated in Son La province on Wednesday by Vietnam’s leading supplier of processed food, Dong Giao Foodstuff Export JSC (Doveco), and Sweden's Tetra Pak Group.

Companies - Thu, July 3, 2025 | 2:29 pm GMT+7

Toyota nears one-millionth vehicle sold in Vietnam

Toyota nears one-millionth vehicle sold in Vietnam

Toyota Motor Vietnam (TMV) delivered over 29,000 vehicles to Vietnamese customers in the first half of 2025, a 31% increase year-on-year, according to a company release on Wednesday.

Companies - Thu, July 3, 2025 | 2:24 pm GMT+7

Vietnam’s Personal Income Tax Law overhaul expected in October

Vietnam’s Personal Income Tax Law overhaul expected in October

Vietnam’s Ministry of Finance is finalizing draft revisions to the Personal Income Tax (PIT) Law, for parliament approval at its session in October.

Economy - Thu, July 3, 2025 | 1:44 pm GMT+7

Apple supplier Luxshare-ICT seeks recruitment support in central Vietnam

Apple supplier Luxshare-ICT seeks recruitment support in central Vietnam

China’s Luxshare-ICT, a supplier to Apple, has asked authorities in Nghe An province for support in tackling labor recruitment challenges.

Companies - Thu, July 3, 2025 | 12:44 pm GMT+7

US agreement on 20% tariff for goods imported from Vietnam 'a success': expert

US agreement on 20% tariff for goods imported from Vietnam 'a success': expert

Reaching agreement with the U.S. on 20% tariff for goods imported from Vietnam and even 40% for transshipping is a success for the Southeast Asian country, said Ho Quoc Tuan, a senior lecturer of accounting & finance at University of Bristol, the UK.

Economy - Thu, July 3, 2025 | 9:55 am GMT+7

Malaysia diversifies trade partners to stay economically resilient

Malaysia diversifies trade partners to stay economically resilient

Malaysia’s economy remains resilient thanks to its long-term and comprehensive economic strategy, despite geopolitical tensions in the Middle East that have raised concerns about the possible closure of the Strait of Hormuz and disruption to global energy supplies, according to the Ministry of Trade, Investment and Industry (MITI).

Southeast Asia - Thu, July 3, 2025 | 8:44 am GMT+7

Vietnam Airlines launches first direct air link between Vietnam and Italy

Vietnam Airlines launches first direct air link between Vietnam and Italy

National-flag carrier Vietnam Airlines officially launched its first direct flight connecting Hanoi and Milan on Tuesday, establishing direct air link between Vietnam and Italy for the first time.

Travel - Thu, July 3, 2025 | 8:28 am GMT+7

Makara Capital Partners wants to mobilize $5-7 bln for investments in Vietnam: exec

Makara Capital Partners wants to mobilize $5-7 bln for investments in Vietnam: exec

Singapore's Makara Capital Partners is eyeing investment opportunities in Vietnam, including those in the biological and pharmaceutical industries and the International Financial Center project.

Economy - Thu, July 3, 2025 | 12:52 am GMT+7

Vietnam, US reach agreement on landmark trade deal framework

Vietnam, US reach agreement on landmark trade deal framework

Vietnam's Party chief To Lam and U.S. President Donald Trump on Wednesday stated that they welcome the agreement reached by the two countries' negotiating teams on the Joint Vietnam-United States Statement on a Fair, Balanced, and Reciprocal Trade Agreement Framework.

Economy - Wed, July 2, 2025 | 11:28 pm GMT+7

Vietnam's ACV expects 17% profit drop, plans $1.52 bln investment in Long Thanh airport this year

Vietnam's ACV expects 17% profit drop, plans $1.52 bln investment in Long Thanh airport this year

State-owned Airports Corporation of Vietnam (ACV), which operates 22 airports nationwide, expects its 2025 pre-tax profit to decline 17% year-on-year to VND10.53 trillion ($402.56 million) due to foreign exchange losses.

Companies - Wed, July 2, 2025 | 4:08 pm GMT+7

Two mega urban area projects in central Vietnam get greenlight

Two mega urban area projects in central Vietnam get greenlight

Two major urban projects in Quang Ngai province's Dung Quat Economic Zone, with a total investment of over VND54 trillion ($2.06 billion), have received in-principle approvals from Deputy Prime Minister Tran Hong Ha.

Real Estate - Wed, July 2, 2025 | 4:02 pm GMT+7

Roadmap for cleaner fuel transition launched for Vietnam’s first oil refinery Dung Quat

Roadmap for cleaner fuel transition launched for Vietnam’s first oil refinery Dung Quat

Binh Son Refining and Petrochemical JSC (BSR) and PV Gas D, a subsidiary of PV Gas, have signed an MoU on LNG trading principles, marking a significant step in BSR’s roadmap to transition from traditional fuels to cleaner alternatives at Dung Quat Oil Refinery.

Economy - Wed, July 2, 2025 | 3:52 pm GMT+7