Warburg Pincus-invested IP developer BW builds 10th project in Vietnam for 2024
BW Industrial Development JSC, a joint venture between American private equity giant Warburg Pincus and Vietnamese leading industrial developer Becamex, has kicked off the construction of BW Tan Hiep Logistics Park in Dong Nai province.
The project in southern Vietnam is the 10th logistics project of BW in Vietnam this year, per its plan of kicking off 12 new project this year. The 64-hectare project will cover 9.5 hectares in the first phase.
BW Industrial Development holds a groundbreaking ceremony in Dong Nai province, southern Vietnam, October 18, 2024. Photo courtesy of the government's news portal.
In a Monday statement, BW said the project is the only one within five kilometers of the under-construction Long Thanh international airport, so far the biggest airport project in Vietnam.
The BW project is slated for completion by end-2025, prior to the first commercial flight of Long Thanh airport scheduled in September 2026.
BW is a leading industrial park and logistics service provider in Vietnam with a portfolio of 1,000 hectares in 12 localities of Vietnam. Warburg Pincus has been investing in BW since 2018.
In September, during Vietnamese Party chief and State President To Lam's working trip in the United States, he 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, implementation of Vietnam's power development plan VIII (PDP VIII), he added.
- Related News
- Read More
Vietnam's property developer Regal Group to list shares on HCMC bourse in Q4
Regal Group JSC, a property developer based in the central city of Danang, has applied to list its 200 million RGG shares on the Ho Chi Minh City Stock Exchange (HoSE) in Q4/2025.
Real Estate - Mon, November 17, 2025 | 10:52 am GMT+7
Vietnam's upstream oil & gas stocks surge on project momentum, regulatory easing
Stocks of Vietnam’s upstream oil and gas companies have surged in recent weeks, boosted by rising exploration activity and new rules that accelerate project approvals, while midstream and downstream players face pressure from falling crude prices.
Companies - Mon, November 17, 2025 | 8:57 am GMT+7
Indonesia to turn Bali into Asia’s next medical tourism hotspot
Indonesia is stepping up efforts to reduce the number of citizens seeking treatment abroad and turn Bali into Asia’s leading medical tourism hotspot.
Southeast Asia - Sun, November 16, 2025 | 9:05 pm GMT+7
Malaysia aims to become Southeast Asia’s AI, EV hub
Malaysia is shifting into high gear as it positions itself to become Southeast Asia’s leading hub for smart, sustainable mobility, powered by breakthroughs in electric vehicles (EVs), artificial intelligence (AI), and advanced manufacturing.
Southeast Asia - Sun, November 16, 2025 | 9:00 pm GMT+7
108 foreign investors hold 26.8% stake in Vietnam's industrial giant Thaco
Vietnam’s industrial conglomerate Truong Hai Group (Thaco) has reported a charter capital of VND30.51 trillion ($1.16 billion), with domestic private capital accounting for 73.2% and 108 foreign investors holding the remaining 26.8% stake.
Companies - Sun, November 16, 2025 | 4:42 pm GMT+7
Vietnam the most important manufacturing hub of Chinese electronics giant Luxshare-ICT: exec
Major Chinese electronics manufacturer Luxshare-ICT will expand its operations in Vietnam by rolling out large science-technology and innovation projects in the northern province of Bac Ninh and other localities, its vice chairman Wang Laisheng said on Saturday.
Companies - Sun, November 16, 2025 | 2:46 pm GMT+7
Sweden’s Syre reinforces $1 bln textile recycling plant in Vietnam with Nike deal
A strategic deal with U.S. sportswear giant Nike is expected to consolidate Swedish recycling start-up Syre's plans to roll out a global network of textile-to-textile recycling facilities, beginning with a $1 billion plant in Vietnam.
Industries - Sun, November 16, 2025 | 8:00 am GMT+7
Vietnam plans roadmap to allow short selling under stock market upgrade program
Vietnam’s Ministry of Finance has outlined a plan to introduce short selling and securities lending on a controlled basis as part of its broader effort to upgrade the country’s stock market from frontier to secondary emerging status.
Finance - Sat, November 15, 2025 | 8:01 pm GMT+7
Vietnam's first LNG power plants to begin commercial operation in Nov-Dec
Nhon Trach 3 and 4, Vietnam’s first LNG-fired power plants, are expected to begin commercial operations at the end of 2025, according to authorities in the southern province of Dong Nai.
Energy - Sat, November 15, 2025 | 3:42 pm GMT+7
Central Vietnam hub pushes ahead with sea encroachment project to strongly attract FDI
A sea encroachment project in Danang will be vital to the city's strong foreign investment attraction, said Chairman of the municipal People’s Committee Pham Duc An.
Industries - Sat, November 15, 2025 | 11:44 am GMT+7
Grocery chain Bach Hoa Xanh to enter northern Vietnam with first store in Ninh Binh province
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (MWG), will open its first store in northern Vietnam in late November, marking its major geographic expansion since the brand was launched nearly a decade ago.
Industries - Sat, November 15, 2025 | 8:00 am GMT+7
Indonesia strives to restore its position as a major sugar exporter
Indonesia aims to achieve self-sufficiency in white sugar by 2026 as part of a national drive to strengthen food security and revive the country’s once-thriving sugar industry, said Agriculture Minister Andi Amran Sulaiman.
Southeast Asia - Fri, November 14, 2025 | 9:10 pm GMT+7
Honda warns Vietnam sales could drop 200,000 units on proposed gasoline motorbike ban
Honda Motor Co. has warned that its annual motorbike sales in Vietnam could fall by around 200,000 units if Hanoi moves ahead with a plan to ban gasoline-powered two-wheelers in downtown city.
Companies - Fri, November 14, 2025 | 8:53 pm GMT+7
Northern Vietnam airport Gia Binh set to reshape capital region’s aviation network
Gia Binh International Airport, located in Bac Ninh province, is a strategic development that will reshape the capital region’s aviation network, said Minister of Construction Tran Hong Minh.
Infrastructure - Fri, November 14, 2025 | 4:50 pm GMT+7
Nearly 17,000 people join Standard Chartered’s Fun Fit Fest to support community
After a month of implementing, Standard Chartered’s Fun Fit Fest, an initiative that aims to foster a healthy community and social responsibility, attracted nearly 17,000 participants joining challenges in over 15 sports.
Companies - Fri, November 14, 2025 | 4:09 pm GMT+7
Japanese confectioner Bourbon seeks to expand cocoa raw-material zones in central Vietnam
Bourbon Corporation, one of the leading companies offering a wide range of confectionery and snacks, beverage and food in Japan, is seeking to partner with Ca Cao Trong Duc Company Limited to develop cocoa raw-material zones in Gia Lai province, central Vietnam.
Industries - Fri, November 14, 2025 | 3:29 pm GMT+7
