[Asia Economy Reporter Kim Min-young] RSquare announced on the 19th that it has signed an exclusive contract with KCN Vietnam, a Vietnamese real estate development company, for the sale of industrial complex sites and the lease of factories and warehouses.
KCN Vietnam is currently developing 2.5 million㎡ (approximately 760,000 pyeong) of industrial land and plans to develop an additional 3 million㎡ (approximately 910,000 pyeong) in the future. KCN Vietnam's parent company, Thien Huong Group, is involved in various sectors in Vietnam, including the British International School (BIS), banking, commercial real estate, and logistics industries.
Through this exclusive contract, domestic companies can purchase or lease properties such as the Dong Nai Province Honai Industrial Complex, Dong Nai Province KCN Nhenchak Industrial Complex, Long An Province Phu An Tan Industrial Complex, Bac Giang Province Tan Hung Industrial Complex, Hai Phong Deep C Industrial Complex, and Hai Duong Province An Phat Industrial Complex via RSquare Vietnam. All real estate products can be inquired about through the RSquare Vietnam website.
Vietnam, emerging as the post-China, is a region where global companies such as Foxconn and Qualcomm are building factories, and foreign investment is actively taking place. According to the Korea International Trade Association, from January to November last year, Vietnam's cumulative foreign direct investment (FDI) amounted to $26.46 billion, increasing by 0.1% compared to the same period the previous year despite the prolonged COVID-19 pandemic.
An RSquare official stated, "Until now, we have provided counseling services and brokerage for expatriate housing for Korean companies entering Vietnam," adding, "Through this contract, we will provide a one-stop real estate solution in Vietnam."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
