$7.9 bln town breaks ground in Binh Duong

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The southern province of Binh Duong on Monday began building a new town with a total investment of over VND150 trillion (US$7.9 billion), provincial authorities said.


Covering 1,000 hectares, the town, also named Binh Duong, is designed to accommodate 125,000 residents and more than 400,000 people from other places to come to work,they added


Binh Duong is located at about 30 kilometers from Ho Chi Minh City.

So far 20 local and international groups and companies have committed to invest in the town, which will include a hi-tech area by Singaporean-owned Mapletree Investments Pte Ltd as well as international schools set up by the KinderWorld Group.

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