Vietnam’s largest industrial properties supplier debutsThe BW Industrial Development JSC, a joint-venture between the US private equity fund Warburg Pincus and Vietnam’s Investment and Industrial Development Corporation (Becamex IDC), made debut in the southern province of Binh Duong on May 15. With over 2 million sq.m of industrial land and 200 million USD in initial capital, BW is considered the largest supplier of industrial properties and logistics services in Vietnam, thus meeting demand of multinational corporations and e-commerce companies. Nguyen Van Hung, Becamex IDC General Director, said Becamex commits a 30 percent capital to the partnership in service of the local socio-economic development. Meanwhile, Becamex IDC is a developer of industrial and urban areas with the largest land base in Vietnam. It is known as one of the most successful industrial property developers in Vietnam with a capital of more than 10 billion USD currently.-VNA

Source: VietNamNet News May 15, 2018 14:48 UTC