Graphic image of the Becamex residential-industrial project in Binh Phuoc province. — Photo www.kenhtinkinhte.vn

BINH PHUOC (Biz Hub) — The Investment and Industrial Development Corporation (Becamex IDC) started the construction of a residential-industrial complex in the southern Binh Phuoc Province on September 14.

The project, covering 4,700ha in Chon Thanh District, has a total investment capital of VND20 trillion (US$888 million).

The industrial zone, covering 2,500ha of the project area, focuses on such industries as electrical items, household products, computing and information technology and telecommunications, besides food processing.

The complex will also house healthcare, education, commercial and shopping facilities to serve more than 200,000 residents and investors who will work and live there.

Becamex IDC has invested in a series of industrial zones and residential areas such as Viet Nam-Singapore industrial zones in Bac Ninh, Nghe An, Quang Ngai and Hai Phong.

Becamex IDC was established in 1976. It is now a prestigious brand in the field of investment and development of industrial, residential, urban and transport infrastructure.

Currently, Becamex IDC has 28 subsidiaries and is involved in joint co-operation covering several areas such as finance, insurance, banking and construction, as well as trading, real estate, services and telecommunication - information technology, besides pharmaceuticals, healthcare and education, with a charter capital of approximately VND5.5 trillion ($244 million). — VNS