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Thứ 3, Ngày 14/12/2021, 12:00
Becamex IDC and Capitaland Development (Singapore) cooperate to develop Binh Duong New City
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14/12/2021

​PORTAL - On the afternoon of December 13, at the Provincial Convention and Exhibition Center, the signing ceremony of cooperation contract for developing Binh Duong New City took place between Becamex IDC and Capitaland Development (Singapore).

​​Attending were Mr. Nguyen Van Loi - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial Delegation of National Assembly Deputies; Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; Mr. Nguyen Van Hung - Board of Directors' Chairman of Becamex IDC; Mr. Ronald Tay - General Director of Capitaland Development; leaders' representatives of provincial departments, committees and branches.

According to the cooperation content, Capitaland Development will implement the construction of Capitaland high-quality service urban area project in Binh Duong New City with a scale of 18.9ha, expected to have over more than 3,700 apartments and houses for long-term ownership including low-rise, mid-rise and high-rise housing, meeting the needs of about 13,000 residents. The construction process will be implemented in phases, the first phase includes about 1,300 apartments and houses, expected to take place from 2022-2024. The project is expected to be completed in 2027.

 

Mr. Nguyen Van Loi (2nd from the right) - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial Delegation of National Assembly Deputies and Mr. Vo Van Minh (left cover) - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee present flowers to congratulate Becamex IDC and Capitaland Development

Speaking at the event, Mr. Nguyen Van Hung - Board of Directors' Chairman of Becamex IDC affirmed that the cooperation between the two groups will be a big boost for the development of Binh Duong New City in particular and Binh Duong province in general, not only in the field of real estate but also the development of commerce, services, culture - society, science and technology and attract new human resources.

Mr. Ronald Tay - General Director of CapitaLand Development believes that the project will bring great success to the development of both groups in particular and Binh Duong province in general thanks to being deployed at a strategic location of Binh Duong New City.

 

 

​Leaders of Becamex IDC and Capitaland Development sign a cooperation agreement under the witness of provincial leaders and the Group

Appreciating the cooperation between Becamex IDC and Capitaland Development, Chairman of the Provincial People's Committee Vo Van Minh believed that with the potential and opportunities for investment cooperation along with the province's smart and sustainable development strategy, as well as with decades of experience in attracting investment and cooperating with large domestic and foreign groups of Becamex IDC in the past time, Binh Duong province and Becamex IDC are the right places for Capitaland to cooperate for long-term development and effective operation. Binh Duong provincial government is committed to creating the most favorable conditions for Becamex IDC and Capitaland to successfully cooperate and implement the project in the province, contributing to the socio-economic development of the province as well as developing the good traditional relationship between Binh Duong and Singapore partners in particular, between Vietnam and Singapore in general.

 

Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee speaks at the ceremony

Chairman of Binh Duong Provincial People's Committee emphasized that the cooperation project between Becamex IDC and Capitaland in the center of Binh Duong New City not only brings high efficiency to investors but also creates a new face for the local commercial and service sector, contributing to the economic and social development of Binh Duong province in the new development period.

Capitaland Development is a large real estate group in Asia. Capitaland Group owns an investment portfolio of about 22 billion Singapore dollars, equivalent to 360,000 billion VND. Capitaland Group's projects are diverse and rich, from integrated developments, retail, commercial office complexes, lodging, residential areas and houses, to new economy development sectors such as innovation zones, science and technology zones, commercial zones, logistics, industrial parks and data centers.

Reported by Mai Xuan - Quoc Chien - Translated by Nguyen Trang

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