Urban project to bring more Asian investors to southern Vietnam

TN News

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A plan targeting businesses in Asia worth nearly US$315 million has been approved for a large commercial urban project in the southern industrial province Binh Duong.


The investor, Becamex IJC, said during a meeting with 500 businesses on Sunday that the urban center will create a community for Asian businesses in Binh Duong.


It will provide services to help foreign professionals feel like they are at home, creating niche community services like Japan Town, South Korea Town and China Town.


The 26-hectare project, named Dong Do Dai Pho (Great Town in Eastern City), will be centered by a three-story commercial center on more than 8,000 square meters, providing high-level business services.


Statistics showed that Binh Duong has attracted foreign investment worth $13.7 billion for more than 2,000 projects, with 70 percent of investors coming from other Asian countries and half from Chinese speaking countries.


Binh Duong government expected that the new center would create a comfort zone for Asian investors and attract more foreign investment.


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