Binh Duong (VNA) – The Becamex IDC and CapitaLand signed a deal todevelop Binh Duong New City in the southern province of Binh Duong on December13.
Speakingat the event, Chairman of the provincial People’s Committee Vo Van Minhcommitted all possible support for Becamex IDC and CapitaLand to do business inthe locality, contributing to its socio-economic development and traditionalties between Vietnam and Singapore, and between Binh Duong and Singapore inparticular.
CEO of CapitaLand Vietnam Ronald Tay hailed Binh Duong as one of the fastestgrowing provinces in the southern key economic region and an outstandingbusiness destination in Vietnam.
TheBinh Duong New City project covers a site of 18.9ha, providing various types of housing including over 3,700 apartments,which can accommodate around 13,000 residents. About 1,300 apartments will bebuilt in the first stage from 2022-2024. The entire project will be completedby 2027, he said.
Chairmanof the Becamex IDC’s Board of Directors Nguyen Van Hung expressed his beliefthat the project will be a boon for the development of Binh Duong province andBinh Duong New City in particular, not only in real estate but also in trade,services, socio-culture and human resources.
The Binh Duong New City is set to become a new politicalc﷽entre of Binꦰh Duong, a city of science, education, finance andservices, and a destination for international trade./.
In recent years, ceramics made in Binh Duong have made an appearance in many important national and international events such as the National Party Congress, APEC Vietnam 2006 and 2017, and the 17th ASEAN Summit. Binh Duong high-end porcelains of Minh Long I brand were chosen to be national gifts to more than 40 heads of state during official trips by the Party and State leaders.
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Binh Duong province has attracted over 2 billion USD of foreign direct investment (FDI) so far this year thanks to various measures taken by local authorities.
The People’s Committee of the southern Binh Duong province on December 9 held a conference to promote investment from Europe in the context of the "new normal" situation.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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At the event (Photo: VNA) 
