Thứ 6, Ngày 22/09/2017, 11:00
Becamex IDC and Warburg Pincus (USA) sign a strategic cooperation
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22/09/2017 | Nguyễn Trang
BEGIC - ​On the afternoon of September 19th, at the Administrative Center of Binh Duong province, the MoU signing ceremony on strategic cooperation between Becamex IDC Corporation and Warburg Pincus (USA) was held.

Mr. Tran Thanh Liem - Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee (PPC); Mr. Timothy Geithner - President of Warburg Pincus; leaders of Binh Duong's departments and agencies attended the ceremony.

According to the content signed, Warburg Pincus and Becamex IDC Corporation cooperated with two contents: Establish joint venture and strategic cooperation. The two sides will complete steps to establish a joint venture company with a total initial investment of around 200 million US dollars, aiming to grow to 1-2 billion US dollars in the next 4 to 5 years. The joint venture's goal is to develop logistic warehouses and prefabricated factories according to international standards to contribute to the development of logistics services in Binh Duong and other provinces and cities. On strategic cooperation in the process of Becamex's ongoing equalization, Warburg Pincus is committed to sharing its capital market experience as well as assisting Becamex to grow its business and expand its customer base globally. The two sides pledged to continue to seek cooperation opportunities in order to bring the strategic cooperation to a new level.

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Leaders of Binh Duong province witness Becamex IDC Corporation and Warburg Pincus sign strategic cooperation

At the ceremony, Chairman of the PPC Tran Thanh Liem introduced the situation of socio-economic development and foreign investment attraction as well as investment attraction orientation of the province. The chairman praised and appreciated strategic cooperation between Warburg Pincus and Becamex IDC Corporation. The cooperation contents between the two sides are in line with the orientation of attracting, calling for investment and development strategy of the province. PPC will create favorable conditions for cooperation programs between the two sides to be effectively and successful implemented.

Exchanging with provincial leaders, Mr. Timothy Geithner provided general information on financial investment activities of Warburg Pincus as well as investment opportunities in various fields in Vietnam in general and Binh Duong in particular. The Warburg Pincus highly anticipated for its partnership with Becamex IDC, believing that, this will be a comprehensive, long-term and growing partnership.


Leaders of provincial departments, agencies, Becamex IDC Corporation take photo with leaders of Warburg Pincus​

Warburg Pincus has headquartered in New York (USA), has a team of experienced financial professionals, always looking for partners to build and develop sustainable businesses and long-term vision. Warburg Pincus has invested more than 60 billion US dollars at 780 companies in 40 countries. Warburg Pincus invests in many different fields, in which pioneering is the field of logistics.

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