Becamex IDC to intensify cooperation to build Binh Duong smart city

Together with the investment and development of provincial economy and infrastructure, Becamex IDC has expanded its marketing, exchanges, and cooperation to attract resources, investors all over the world to Binh Duong. Especially, Becamex IDC pays attention to inviting and cooperating with potential corporations in smart city development.

To enhance cooperation efficiency

Becamex IDC is an enterprise directly involved in the implementation of Binh Duong smart city construction project; is assigned by provincial leaders to meet the requirements of enterprises in the province, investors looking for opportunities in Binh Duong. Recently, Becamex IDC has been continuously expanding marketing, exchanges, and cooperation to attract resources and investors all over the world to Binh Duong, including investors of the Binh Duong smart city project. Besides, Becamex IDC is also the constructor of infrastructure of the project, contributing to the growth of Binh Duong both at present and in the future.

In order to meet development demands in the new stage, smooth transport of goods, to reduce production costs to maximize business efficiency of partners, Becamex IDC pioneered to develop transport infrastructure in Binh Duong that will not only connect industrial parks in the province, but also connect to other areas, such as Highway 13, My Phuoc - Tan Van, and many other large routes. These roads have contributed significantly to the improvement of transport infrastructure between industrial parks of Binh Duong province and cities, provinces in the southern key economic zone, international airports and seaports.

With 20-year experiences in the field of industrial development, Becamex IDC is proud to be the best developer of industrial real estate in Vietnam, with industrial parks with modern infrastructure, meeting international standards, and located in strategic locations throughout the country. Industrial parks developed and managed by Becamex IDC have met all the development needs of investors around the world. To continue meeting the increasing demand of investors in the new phase, especially the reduction of logistic costs and increased supply chain efficiency, recently Becamex IDC cooperated with Warburg Pincus Corporation and launched Becamex - Warburg Industrial Development (BWID.

In order to meet the development requirements in the new phase, especially implementation of Binh Duong smart city project, Becamex IDC planned specific programs in 2018 and the following years. Accordingly, the corporation takes Eastern International University as the foundation for the international connection through human resource training and scientific and technological research development to meet the demand for high-quality labor resources of investors; at the same time enhances the connection, attraction of industries with high added value, increased labor productivity. The corporation also focuses on logistics investment, creating new supply chains, developing smart transportation through investment in railway systems to reduce road traffic pressure, save time and money of investors; At the same time, to form a science and technology industrial zone to create a new eco-system for the development of industrial parks, to continue attracting high-value industries.

To keep expanding cooperation

Nguyen Van Hung, General Director of Becamex IDC, said that Warburg Pincus (USA) was a financial group with a long history of investment and development of industrial and logistics real estate in the world. Becamex IDC believed that Warburg Pincus would continue its success in Vietnam, through BWID.

"Prior to the partnership with Warburg Pincus, Becamex IDC collaborated successfully with international partners, such as Sembcorp in industrial development, Tokyu in transport and urban development... This joint venture projects have been very successful, contributed not only to Binh Duong but also other provinces and cities through such trademarks as Vietnam - Singapore Industrial Park, Becamex - Tokyu Joint Venture… These successes were based on the support of Binh Duong's leaders, functional agencies in the province. We have a strong belief in the success of BWID, thereby enhancing the value brought by Becamex IDC to investors. We are committed to providing maximum support to this joint venture, rapidly creating new and complementary products and services, and gradually completing utilities for the business community in Binh Duong in particular and of the whole country in general. Our partner Warburg Pincus was committed to expanding the investment to billions of dollars in the coming years. This demonstrates our great commitment to the development of industrial and logistic real estate", said Mr. Hung.

Charles R. Kave, Chief Executive of Warburg Pincus, said: "We believe that the industrial real estate market and logistic services in Vietnam will have a huge impact on the economic growth. Especially, there is a relocation of production sites from China, Korea, Japan to Vietnam, where labor costs are only one quarter of Chinese costs, as well as a rapid growth the domestic consumption market and the development of modern retailing. I totally believe in the advantages of this market, the support of shareholders, experienced staff, large industrial land fund and rich clientele. These are the key to success of BWID".

BWID has carried out 8 projects in 5 localities including Binh Duong, Dong Nai, Hai Phong, Hai Duong, and Bac Ninh with the total industrial land area of ​​over 2 million m2. BWID is committed to be the leader in building the foundation and supplier of industrial real estate products for lease and logistic services, and will develop and support other industries such as manufacturing, logistic services, processing...

Reported by Phuong Le – Translated by Ngoc Huynh

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