Singaporean firm to build business park in Binh Duong

Southern Binh Duong province on Dec. 23 granted an investment license to Mapletree Investments Pte Ltd, a Singapore ’s real estate corp., to build a 400 million USD integrated business park at the provincial Industrial Commercial Urban Complex.

A member from Mapletree’s Broad of Directors, Mr. Pauk Ma said the 50-year project will take up 75 ha of land, being carried out in phases. The construction will start in June 2009 and the park will be put into operation in the first six months of 2010.

The same day, provincial People’s Committee chairman Nguyen Hoang Son gave another license for Mapletree to build its second logistics facility in the Vietnam – Singapore industrial park 2 (VSIP2). The 110 million USD project will be built on 68 ha of land, with 420,000 square metres of modern warehousing space designed for modern logistics operations.

Chairman Son promised that the province will create the most favourable conditions for Mapletree to implement the projects smoothly.

vna

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