PORTAL - On the morning of January 10, at the Administration Center of Binh Duong Province, Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee (PPC) received and worked with Mr. Ronald Tay - CEO of CapitaLand Development Vietnam.
At the meeting, Mr. Ronald Tay said that 2023 marks an important milestone marking the 50th founding anniversary of Vietnam - Singapore diplomatic relations. The two countries will organize many meaningful activities on this occasion, including the visit of the Prime Minister of Vietnam to Singapore in February. It is expected that in March 2023, the Chairman of CapitaLand Group (former Deputy Prime Minister of Singapore) will have a business trip to Vietnam to visit the progress of projects being implemented. Mr. Ronald Tay wished to receive the support of provincial leaders, departments and branches to accelerate the progress of the Group's project in Binh Duong, contributing to celebrate this important event.
Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the PPC receives and works with Mr. Ronald Tay - CEO of CapitaLand Development Vietnam
He said, CapitaLand Group has signed a cooperation agreement with Becamex IDC Corp on the Binh Duong Smart City development project with an investment of more than 500 million USD in Binh Duong New City. The project focuses on developing housing blocks with a total area of 18.9 hectares. It is expected that more than 3,700 apartments and long-term houses will be built at the project including low-rise, mid-rise and high-rise housing, meeting the needs of about 13,000 residents. The construction will be carried out in phases, with the first phase consisting of about 1,300 apartments and houses expected to be completed in 2024. The whole project will be completed in 2027.
Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the PPC welcomes Mr. Ronald Tay - CEO of CapitaLand Development Vietnam
Mr. Ronald Tay - CEO of CapitaLand Development Vietnam presents a souvenir to Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the PPC
Chairman of the PPC Vo Van Minh emphasized that the provincial leaders always create favorable conditions for enterprises to invest, conduct production and business activities in Binh Duong. Currently, the province's housing demand is very large, Binh Duong wishes to find many investors with the vision to develop modern and convenient urban areas. The Chairman assigned departments, committees, branches and Becamex IDC Corp to closely coordinate with CapitaLand Group to effectively implement the project.
Delegates take a souvenir photo
CapitaLand is a large
real estate group in Asia with its head office located in Singapore. CapitaLand
Group's real estate sector has a portfolio worth about 22.4 billion USD
(equivalent to 380 trillion VND). The business is present in 256 cities in 39
countries and territories, focusing on the core markets of Singapore, China,
India and Vietnam.
CapitaLand has 2 complex projects and more than 12,000 quality apartments in 16
housing projects and one retail area.
Reported by Phuong Chi- Translated by Thanh Tam