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MOU signing ceremony witnessed by His Excellency Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam
HO CHI MINH CITY, VIETNAM – Media OutReach – 14 April 2022 – CMIA Capital Companions has signed a Memorandum of Understanding (MOU) with Ho Chi Minh Metropolis on the event of a 1,018 hectare mixed-use township within the Trung An Commune of Cu Chi District, Ho Chi Minh Metropolis.
Ms Nina Yang, CEO of Surbana Jurong – SJ CityGlobal (centre left), and Mr Lee Chong Min, Chairman of CMIA Capital Companions (centre) receiving the signed Memorandum of Understanding from Ms Pham Thi Thanh Hien, Chairwoman of the Ho Chi Minh Metropolis, Cu Chi District Folks’s Committee (centre proper). His Excellency Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam witnessed the MOU signing ceremony.
The Ho Chi Minh Metropolis Agri Meals-Tech Eco Township can be a brand new built-in regional city centre for Ho Chi Min Metropolis. The township could have an trade focus in meals science and expertise, together with meals processing and manufacturing, product growth, high quality assurance and high quality management, analysis, and regulation. The worth of the undertaking is estimated at US$ 1.1 billion. CMIA Capital Companions would lead the funding in, and Surbana Jurong can be the event supervisor of, the undertaking.
CMIA Capital Companions is a personal fairness agency headquartered in Singapore. CMIA Capital Companions has a 20-year monitor file of investing in Asia.
Surbana Jurong is a consultancy firm specializing in infrastructure and concrete growth. Surbana Jurong is an entirely owned subsidiary of Temasek Holdings.
The MOU was signed on the Convention on Funding Promotion in Cu Chi District and Hoc Mon District 2022. His Excellency Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam, chaired the convention and witnessed the signing of the MOU.
Talking on the Convention, Mr Lee Chong Min, Chairman of CMIA Capital Companions stated: “Vietnam has a powerful and resilient economic system and has been welcoming of international direct investments. So far, we’ve met His Excellency Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam; Mr Nguyen Van Nen, Ho Chi Minh Metropolis Celebration Secretary; Mr Phan Van Mai, Chairman of Ho Chi Minh Metropolis Folks’s Committee; in addition to many different leaders of Ho Chi Minh Metropolis on the undertaking. We recognize the help given to the Ho Chi Minh Metropolis Agri Meals-Tech Eco Township undertaking. We thank the management for offering essentially the most beneficial of situations for our funding on this undertaking within the Cu Chi District of Ho Chi Minh Metropolis”.
Ms Nina Yang, CEO of Surbana Jurong – SJ CityGlobal, the event administration arm of Surbana Jurong, stated: “Surbana Jurong is ready to harness our distinctive expertise and experience in grasp growth to plan, design and implement giant scale urbanisation initiatives. A few of these initiatives embody the New Clark Metropolis in The Philippines, Microsoft ZiZhu Campus in Shanghai, Coronary heart of Bay Venture in Shenzhen and the G4 Metropolis, adjoining Almaty Metropolis of Kazakhstan. We’re enthusiastic about partnering with CMIA Capital Companions to construct a township and industrial park that improve liveability and financial development in Ho Chi Minh Metropolis.”
As a megacity, Ho Chi Minh Metropolis embraces decentralized urbanisation to offer for long-term financial development and prosperity. Conceptually, every regional city centre could have an trade focus. This can present for productiveness positive aspects via economies of scale, enhanced innovation from a focus of expertise and skills and useful resource optimisation.
The Ho Chi Minh Metropolis Agri Meals-Tech Eco Township can be a brand new built-in regional city centre for Ho Chi Minh Metropolis. The township can be residence to 100,000 residents, have a 200-hectare meals science and expertise industrial park and comprise a myriad of leisure areas and facilities. Residents will be capable of stay, work and play, all inside the township.
The township is anticipated to generate revenues of about 2 billion {dollars} yearly and create secure jobs for greater than 20,000 workers. The township will uplift the area’s GDP per Capita in the direction of the US$8,500 by 2025 goal set by the Ho Chi Minh Metropolis Folks’s Committee.
About CMIA Capital Companions
CMIA Capital Companions is a personal fairness agency headquartered in Singapore. CMIA Capital Companions has a 20-year monitor file of investing in Asia. CMIA Capital Companions is licensed and controlled by each the Financial Authority of Singapore (MAS) and the China Securities & Regulatory Fee (CSRC). www.cmia.com
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About Surbana Jurong
Surbana Jurong Group is a world city, infrastructure and managed providers consulting agency, with over 70 years of monitor file in profitable undertaking supply. Headquartered in Singapore, the group has a world expertise pool of 16,000 throughout Surbana Jurong and our member corporations AETOS, Atelier Ten, B+H, KTP, Prostruct, RBG, SAA, Sino-Solar and SMEC, based mostly in additional than 120 places of work in over 40 nations. They embody architects, designers, planners, engineers and different specialists pushed by progressive considering and artistic concepts to assist form a greater future.
Surbana Jurong has constructed greater than one million houses in Singapore, created grasp plans in additional than 30 nations and developed over 100 industrial parks globally. Our tag line “Constructing Cities, Shaping Lives” expresses how each undertaking or endeavor is, for the Group, a possibility to fulfil aspirations and enrich lives. By designing and delivering high quality housing, workspaces, roads, rail, hydropower, dams, underground and coastal protections and different vital infrastructure wanted by our purchasers, we’re redefining cities and remodeling them into sustainable and habitable areas the place communities and companies, current and future, can thrive. www.surbanajurong.com/
The issuer is solely accountable for the content material of this announcement.
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