New JV set up to develop residential area in Binh Duong

Source: Pano feed

Hung Le


Vietnam-Singapore Industrial Park Joint Venture Co. and Sembcorp Development Vietnam Pte. Ltd. have got a license to establish VSIP-Sembcorp Gateway Development Co. to execute the Gateway housing project.


The project will cover 4.1 hectares at VSIP in Binh Duong Province’s Thuan An District and be developed in phases over a period of eight years with a total of 1,380 apartments and other amenities. Gateway is expected to turn out around 250 apartment units in the first phase.


The establishment of the joint venture is part of a plan for providing more amenities for the enterprises operating at VSIP in the province.


Vietnam-Singapore Industrial Park Joint Venture Co., which is 49% owned by Becamex IDC Corp and 51% by a Sembcorp-led Singapore consortium, has developed five industrial-residential-service integrated areas in Binh Duong, Haiphong, Bac Ninh and Quang Ngai.


The VSIP projects have grown from traditional industrial parks to industrial, urban and service areas to provide a working, living and entertaining environment.


Vietnam-Singapore Industrial Park Joint Venture Co. said it would consider investing in more such areas in other provinces.


The VSIP projects in Vietnam have attracted nearly 500 investors from 27 countries and territories in the past 17 years with total investment pledges of over US$6.4 billion and created jobs for over 140,000 people.




Đăng ký: VietNam News

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