The $1.2 billion Tokyu Binh Duong Garden City will cover 71 hectares of prime land in the centre of the Binh Duong New City project and will be developed by an alliance between Vietnam’s Becamex IDC and Japan’s Tokyu Corporation. Meanwhile, the MTV Becamex Investment and Industrial Development’s VND10.830 billion ($523 million) social housing project will take shape on 220ha.

The projects’ ground-breaking underscores the province’s urbanisation and the construction of Binh Duong New City, considered a launching pad to promote the locality.

“The ground-breaking ceremony of Tokyu Binh Duong Garden City lays an important milestone in Binh Duong’s efforts to attract foreign investment capital for the province’s sustainable and rapid development and the improvement of local people’ living standards,” said Le Thanh Cung, chairman of Binh Duong People’s Committee.

“Binh Duong province has devised plans to develop urban areas and high-quality services, especially commercial and service buildings, which will not only satisfy the demand of investors and local residents, but also contribute to make Binh Duong a modern, civilised and eco-friendly city,” said Cung.

Comprehensive development

In the past years, Binh Duong has attained a relatively high economic growth rate compared to the country’s average. However, being a centre of the southern key economic hub, Binh Duong has determined itself to consolidate the conditions for its further steady development with increased service proportion in the local economic structure.

“Government and provincial authorities have attempted to develop intra-regional and inter-regional transport projects in Binh Duong and the southern key economic region as well to satisfy the rising transport demand. We have been actively joining such efforts,” said Becamex IDC chairman and CEO Nguyen Van Hung.

Binh Duong authorities are also prioritising the development of high-tech and support industries, with improving workers’ skills a priority.

Binh Duong New City

The construction of Becamex IDC’s 1,000ha Binh Duong New City project plays an important role in the comprehensive development of the province’s urban system, contributing to upgrading Binh Duong into a central government-managed city by 2020. The city’s infrastructure will be completed and connected to other areas of the province and the southern key economic region.

Technical infrastructure facilities, including power and water supplies and optical fibre telecommunications systems have been built. Meanwhile, parks, sport areas and education developments have been developed and put into operation.

Especially, the Binh Duong political and administrative centre, a symbol of the province’s development in the new era, will be located in Binh Duong New City. A high-tech approach will allow the public to easily access effective and friendly administrative and political operations, creating a breakthrough in the province’s administrative reform.

Besides large-scale developments, such auxiliary facilities as cultural and exhibition, shopping and financial centres, hotels and restaurants will be put in place to create the best living and working environment.

Tokyu Binh Duong Garden City

Both Becamex and Tokyu are multi-business corporations with rich operational background in different industries, especially in infrastructure and urban development. Their cooperation is going in line with the province’s orientation.

The $1.2 billion, 71ha Tokyu Binh Duong Garden City will provide 7,500 housing units, recreation facilities, commercial centres and office buildings.

“Based on our experiences in developing Tokyu Tama Denen City in Japan and the corporation’s network, and being the first Japanese company to have exported urban development technologies to Vietnam, we are committed to trying our best to develop Tokyu Binh Duong Garden City with capacity and quality corresponding to Binh Duong’s status as a central government-managed city in 2020,” said Toshiaki Koshimura, chairman of Tokyu Corporation.

Hung said the project with a distinctive Japanese style would be completed on schedule.

“Tokyu Binh Duong Garden City will not only provide a healthy living environment, but also an ideal place for business development and educational activities. While building a beautiful city with full facilities, we are also shaping a modern living style which goes in line with sustainable development criteria,” he said.

Hung said the two partners would continue working out development plans for new satellite urban areas in Binh Duong to create a better environment for attracting investment in the province.
Pong Kok Tian, Singapore consul general in Ho Chi Minh City, highly appreciated Binh Duong authorities’ administrative reform efforts and investment promotion policies.