Thanh Binh Phu My and Phat Đat Sign Strategic Cooperation Agreement
09/09/2024
Company news
On the morning of September 8, 2024, Thanh Binh Phu My Joint Stock Company (the investor of Phu My 3 Specialized Industrial Park) and Phat Đat Real Estate Development Joint Stock Company (HoSE ticker: PDR) held a ceremony to sign a strategic cooperation agreement for the developing industrial – logistics, residential and commercial real estate projects.
At the signing ceremony, Mr. Bùi Quang Anh Vũ, CEO of Phat Đat Real Estate Development JSC, stated that PDR and Thanh Binh Phu My will collaborate to develop, invest in, construct, and operate industrial parks following a model of industrial park – urban – service that is environmentally friendly. They will also implement information technology in management and operation across various real estate sectors, including industrial parks – logistics, residential – commercial, and services.
Mr. Vu added that Thanh Binh Phu My is a reputable partner with extensive experience in industrial park development. They are the investor of Phu My 3 Specialized Industrial Park—the first specialized industrial park in Vietnam (established through a cooperative agreement between the Vietnamese and Japanese governments), featuring comprehensive infrastructure and services, particularly for heavy industries, chemicals, medical equipment, and logistics.
With extensive experience in developing industrial park projects, Thanh Binh Phu My has a broad customer network with many high-tech partners from leading developed countries.
After more than 10 years of operation and development, Mr. Kazama Toshio, a board member and Deputy General Director of Thanh Binh Phu My Joint Stock Company, stated that Phu My 3 Specialized Industrial Park, covering over 1,000 hectares, has attracted investment projects from multinational corporations from Japan, South Korea, Europe, the United States, Taiwan, China, South America, and more, with a total registered investment capital of approximately VND 81,600 billion (over USD 3.4 billion).
It is anticipated that by 2027, Phu My 3 will complete investment procedures for investors, which is expected to attract an additional USD 3.5 billion. This would bring the total projected investment in the industrial park to approximately USD 6.9 billion (equivalent to VND 165,600 billion), with an average investment rate expected to be around USD 9-10 million per hectare of leased industrial land.
Speaking about the collaboration, at the event, Mrs. Nguyen Thi Thao Nhi, Chairwoman and CEO of Thanh Binh Phu My, shared that while both parties have different strengths, they share a common goal of pursuing sustainable development. Phat Đat excels in residential and service real estate, while Thanh Binh Phu My is advanced in industrial real estate. Therefore, the two sides are collaborating to accelerate their progress. Currently, Thanh Binh Phu My’s industrial park meets green and ecological standards.
Mr. Nguyen Van Đat, Chairman of Phat Đat Group, also mentioned that Phat Đat is pursuing an industrial land fund of over 5,000 hectares across various locations such as Binh Duong, Dong Nai, Ba Ria – Vung Tau, and Quang Ngai. As a result, the company is focusing on creating green projects. The first project of PDR in Binh Duong has already achieved green and environmentally friendly standards.
Source: Baodautu
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