Property development hanoi

Global private equity firm Warburg Pincus has set up a joint venture with major Vietnamese real estate and infrastructure firm Becamex IDC Corp. (Becamex) to create the largest logistics and industrial real estate developer in the country, according to a statement. The JV will be called BW Industrial Joint Stock Company (BWID) and will focus on developing institutional-grade logistics and industrial properties across Vietnam. Both firms have committed US$200 million to the platform. Warburg Pincus joins Vietnamese logistics and property market. Nguyen Van Hung, Chairman of Becamex, believed that the co-operation with Warburg Pincus, a best-in-class private equity firm with deep experience in Asia, is a great opportunity, according to the company's statement. "With the transformative shift of the manufacturing base from markets like China to Vietnam as well as with the rapid rise of domestic consumption, the logistics and industrial real estate market in … [Read more...] about Warburg Pincus joins Vietnamese logistics and property market

For-sales signs put up along a road in a district in Tay Ninh Province. Industry experts have voiced concern over the recent land fever as a result of the pandemic. —VNA/VNS Photo Authorities in Ha Noi halted processing on all land partition applications of agricultural land or made up of agricultural areas and non-residential land in a move joined by other localities across the country to combat real-estate speculation and hoarding. The move was announced in a recent memo by the capital city's authority to the Department of Natural Resources and Environment. Last week, the Vietnam News Agency reported a large number of land partition applications were received by southern Tay Ninh Province's Department of Natural Resources and Environment. A majority of the applications were for Hoa Thanh and Trang Bang townships as well as border districts such as Ben Cau, Tan Chau and Duong Minh Chau. According to local sources, a hectare of land in the areas is typically purchased at … [Read more...] about Localities clamp down on land hoarding and speculation

Warburg Pincus is relishing its opportunities in Vietnam as the economy grows and capital markets develop, said Jeffrey Perlman, Southeast Asia chief of the private equity firm to Reuters. "It's a market that we think there's a lot of opportunity in," quoted Perlman in an interview with Reuters on March 22. "Four, five years ago, even in Vietnam there wasn't an understanding of what was private equity and what it will do to businesses." Warburg Pincus is relishing its opportunities in Vietnam. Vietnam's emergence as a large manufacturing destination next to China helped the Southeast Asian nation's economy grow at 6.8% last year, the strongest since 2010, Reuters reported.The growth is rapidly building up a huge middle class that is boosting consumer spending in a country of about 100 million. Its stock index VNI has risen 20% this year, the best performance in Southeast Asia, after surging by 50% last year. Perlman said the growth in Vietnam's capital … [Read more...] about Warburg Pincus: “Vietnam a big draw for global investor”

Vietnamese dragon fruit (Photo: VNA) Hanoi (VNA) - Demand for Vietnamese dragon fruit in foreign markets is increasing, with many importers interested in high-quality fruit from Vietnam. The Vietnam Trade Promotion Agency , the Department of Industry and Trade of southern Long An province, and the trade offices of the Vietnamese Embassies in New Zealand and Australia jointly organised an online consulting session on exporting dragon fruits to Australia and New Zealand recently. Speaking at the event opening, Vietnamese Ambassador to New Zealand Nguyen Van Trung emphasised the importance of promoting agricultural cooperation, agricultural product trade and market opening for the strategic partnership between Vietnam and New Zealand. Vietnam wants New Zealand to share its experience and support Vietnam in building an international brand and value chain for the global commercialisation of dragon fruit, following the successful model of New Zealand's kiwi fruit, which is … [Read more...] about Efforts made to promote dragon fruit exports to Australia, New Zealand

Deputy Prime Minister Vu Duc Dam (the second from the right) and Deputy Minister of Science and Technology Tran Van Tung grant Ta Quang Buu Award 2022 to two scientists. Thereby, the award council unified to propose two scientists to the Minister of Science and Technology for Ta Quang Buu Award 2022, including Full Professor, Doctor of Science Ngo Viet Trung, Institute of Mathematics under Vietnam Academy of Science and Technology in field of mathematics with his work of “Depth functions of symbolic powers of homogeneous ideals” published on Inventiones Mathematicae in 2019; and Associate Professor Ph.D Nguyen Thi Le Thu, University of Technology - Vietnam National University HCMC in field of Chemistry with her work of  “Tailoring the Hard−Soft Interface with Dynamic Diels−Alder Linkages in Polyurethanes: Toward Superior Mechanical Properties and Healability at Mild Temperature” published on Chemistry of Materials in 2019. Deputy Minister of Science and Technology Tran Van Tung … [Read more...] about Two scientists win Ta Quang Buu Award 2022