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Binh Duong New City attracts potential investors

Update: 01-03-2024 | 11:32:19

Binh Duong New City has a strategic location, convenient traffic, and is associated with industrial parks, civilized and modern urban areas, and public utilities. It has been and is an ideal, potential destination of investors and large corporations in the world.

Binh Duong New City, an investment destination with great development potential.

Convenient connection

Currently, World Trade Center Binh Duong New City (WTC BDNC) has connected with more than 300 world trade centers from more than 100 countries, while developing branded real estate complexes. The key project WTC BDNC is the gateway to international trade, promoting trade and services of Binh Duong province. In particular, Vietnam's first cross-border e-commerce logistics center will be built in the new city with new customs regulations. This will be a technology platform connecting the State and businesses, as well as a logistics utility cluster for e-commerce.

In Binh Duong New City, a technology innovation and startup ecosystem is being formed to support training, research and development, commercialization and startup activities. There are Becamex Institute of Science and Technology Research and Development, Techlabs, Falabs systems, Smart Production Center, Becamex Business Incubator, Experimental Production Center and Block71 Saigon...

With a scale accounting for 1/4 of the area of Binh Duong Industrial - Urban - Service Complex (4,200 hectares), the new city satisfies the housing demand of nearly one million residents with many types of housing in different segments, as well as many types of services, utilities and infrastructure of high standards.

The new 75-hectare city center park is a green biosphere reserve and attractive community living space. Besides, there are also full high-quality medical and educational facilities, such as Becamex International Hospital, My Phuoc General Hospital, Ngo Thoi Nhiem Primary - Secondary - High School, Nguyen Khuyen Secondary - High School, Eastern International University... In particular, the Becamex Tokyu public bus system has been operating effectively throughout the city and surrounding areas. Shopping centers such as Sora Gardens SC, Aeon, Hiraki food court, Highland Coffee... meet the daily needs of people well.

Sora Gardens 2 commercial housing project in Binh Duong new city.

Potential investment location

Most recently, Capitaland Development Group (Vietnam) started Sycamore project in Binh Duong new city. Sycamore is Capitaland's first large-scale housing project (18.9 hectares) in Vietnam, with nearly 3,500 apartments, meeting the demands of about 13,000 residents. Total project development value is about 18,000 billion VND.

Kho Ngee Seng Roy, Consul General of Singapore in Ho Chi Minh City: Binh Duong is one of the dynamic localities. The provincial government is very proactive and flexible in applying policies to attract foreign investors. Besides, Binh Duong is also proactive in engaging the international community, connecting trade, and developing the economy.

Ronald Tay, General Director of CapitaLand Development (Vietnam), said: “Sycamore project is a testament to our belief in Binh Duong market, a locality with a strategic location with a favorable business environment and high-quality infrastructure. Binh Duong is one of the dynamically developing localities, attracting strong direct investment capital from foreign countries. The project is executed in a strategic location of Binh Duong new city, which is the central area of a modern and smart city."

Mai Hung Dung, Member of Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, said that the Sycamore project is large-scale and has a very important position in the new city. Capitaland Singapore Group has extensive experience in developing the housing sector. The investment and formation of this project will contribute to the development of the new city, further tightening the investment cooperation relationship between Binh Duong and Singapore partners.

In December 2021, Becamex IDC Corporation and Capitaland Development Group (Singapore) signed a cooperation contract to develop Binh Duong new city. Nguyen Van Hung, Chairman of Becamex IDC Corporation, said the cooperation between the two sides will be a big boost for the development of the new city in particular and Binh Duong province in general, not only in real estate, but also will lead to the development of trade - services, culture - society, science - technology, and attract new human resources.

Realizing that Binh Duong new city has economic potential and dynamic development, in July 2023, Aeon Vietnam officially opened Aeon Binh Duong New City at Sora Gardens SC Shopping Center in Binh Duong new city. Furusawa Yasuyuki, General Director of Aeon Vietnam, said: “This is the first streamlined supermarket in the southern region. We chose the new city of Binh Duong because we realized that this area has economic and population potential that will strongly develop in the near future. Aeon Vietnam decided to invest at this time with a vision for the next 5 - 10 years, not just now."

Aiming to build a Japanese-quality living environment in Binh Duong new city, in the past 10 years Becamex Tokyu has invested in construction and development of typical projects in fields of commerce, urban areas, and transportation infrastructure, like: Sora Gardens 1&2, Midori Park, The View, public bus system, Hikari food court...

Binh Duong New City was chosen as the core area of Binh Duong smart city, Binh Duong Innovation Region, becoming a worth-living place. This place has been and will continue to be an attractive place and the best choice for investors and large domestic and foreign corporations.

Reported by Phuong Le - Translated by Ngoc Huynh


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