BW Industrial inaugurated in Binh Duong

Business News

BW Industrial inaugurated in Binh Duong

Thursday, May 17,2018

AsemconnectVietnam - Real estate and logistics company BW Industrial was inaugurated in Binh Duong Province on May 15 as a joint venture between the global private equity firm Warburg Pincus and Becamex IDC Corp.

The new company has total capital of over US$200 million, with Warburg Pincus contributing 70%, and will develop industrial estate and logistics facilities for lease. With over 200 hectares of land in Binh Duong, Dong Nai, Haiphong, Hai Duong and Bac Ninh provinces and cities under development, BW Industrial is expected to become the largest for-rent industrial and logistics developer in Vietnam.

The joint venture aims to satisfy the rising demand for modern logistics warehouses, build-to-suit and ready-built workshops and factories in addition to other industrial related products across all key industrial zones.

BW Industrial will also develop and support other sectors such as manufacturing, logistics and processing during the Fourth Industrial Revolution, the company said.

BW Industrial’s plan is to create the logistics and industrial real estate platform for leading multinationals and e-commerce companies, said Jeffrey Perlman, managing director and head of Southeast Asia of Warburg Pincus.

The Warburg Pincus leader said Vietnam is attracting the attention of investors due to its rapid economic growth, and that services of real estate and logistics in Vietnam will enormously influence the growth rate of economy.

According to Nguyen Van Hung, chairman of Becamex, the new joint venture’s focus is to support sustainable industrial development in Vietnam and become a critical player in the global supply chain.

Source: Thesaigontimes.vn

PRINT BACK

PV Drilling (PVD) sets profit target of VND100 billion in 2023
HSC Securities reported VND154 billion pre-tax profit in Q1/2023
SSI earned over VND590 billion pre-tax profit in Q1/2023
Moody’s upgrades Sacombank’s credit rating outlook to positive
VinFast gets 2.5 billion USD to accelerate growth
Domestic firms eye increasing trade with Mexican market
Vinamilk plans higher revenue, looks to build cow farms in Philippines
Vietjet aims to clinch leading position in domestic market
Vietravel Airlines to get three more planes in Q3
Businesses in Vietnam invest 9 billion USD in green growth, development: workshop
Business activities of securities companies in April 2023
2023 BAC A BANK (BAB) Annual General Meeting of Shareholders: Approved the plan to increase charter capital by nearly VND10,000 billion
Business activities of banks in April 2023
Agriseco signed a comprehensive cooperation agreement with Agribank
Rong Viet Securities estimated profit over VND77 billion, planned profit before tax of nearly VND271 billion in Q1/2023

asemconnectvietnam.gov.vn

License: No 56/GP-TTDT issued by the Ministry of Information and Communications.

Address: Room 605, 6 th Floor, The Ministry of Industry and Trade's Building, No. 655 Pham Van Dong Street, Bac Tu Liem District - Hanoi.

Tel. : (04)38251312; (04)39341911- Fax: (04)38251312

Websites: http://asemconnectvietnam.gov.vn; http://nhanhieuviet.gov.vn

Email: Asem@vtic.vn; Asemconnectvietnam@gmail.com

GO TOP

Hitcounter: 25710712975

Business News

BW Industrial inaugurated in Binh Duong

Central Government

Long-term strategy

Culture/Art/Sports/Travel