Phat Dat and Thanh Binh Phu My Sign Strategic Cooperation Agreement

Ho Chi Minh City – On September 8, 2024, Phat Dat Real Estate Development Corporation (HoSE: PDR) and Thanh Binh Phu My Joint Stock Company officially signed a strategic partnership agreement to develop industrial, logistics, residential and commercial real estate projects.

Mr. Bui Quang Anh Vu, CEO of PDR, and Mr. Kazama Toshio, Board Member and Deputy General Director of Thanh Binh Phu My, signed the agreement.

Under this partnership, both companies will collaborate to develop and construct industrial parks (IPs) following a model of eco-friendly, and IT-integrated industrial zones, similar to the current model of Phu My 3 Specialized Industrial Park (PM3 SIP).

Mr. Nguyen Van Dat, Chairman of PDR, and Ms. Nguyen Thi Thao Nhi, Chairwoman and General Director of Thanh Binh Phu My, presented flowers to the signing representatives.

The industrial park model the two companies plan to develop aims to promote sustainability while creating an optimal working environment for businesses and employees. These IPs will be equipped with modern infrastructure, advanced technology, and effective environmental protection measures, fostering a harmonious and eco-friendly industrial ecosystem.

Phat Dat Real Estate Development Corporation (HoSE: PDR) was established in 2004. Over 20 years of development, PDR has become a leading professional real estate developer in Vietnam.

PDR boasts strong financial resources and extensive experience in navigating legal procedures for large-scale, high-quality real estate projects. PDR also possesses an extensive land bank in prime locations across the country, encompassing residential, commercial, hospitality, and industrial properties.

In the industrial real estate sector, PDR is actively investing in projects in various provinces and cities, including Quang Ngai, Binh Duong, Dong Nai, Ba Ria – Vung Tau, Dong Thap, and Phu Quoc.

 Phu My 3 Specialized Industrial Park (PM3 SIP)

Thanh Binh Phu My is a professional developer of industrial park infrastructure, known for its modern, synchronized systems that meet international standards. The company is a pioneer in developing symbiotic eco-industrial parks, committed to sustainable environmental practices and aligned with international sustainability goals such as ESGs and SDGs.

Currently, Thanh Binh Phu My is the developer and operator of Phu My 3 SIP, a key project in Ba Ria – Vung Tau Province, spanning over 1,000 hectares. Phu My 3 SIP is the only specialized IP in Vietnam established under a cooperation agreement between the Vietnamese and Japanese governments.

With over 10 years of operation and development, Phu My 3 SIP has attracted numerous investment projects from multinational corporations from Japan, South Korea, Europe, the United States, Taiwan, China, and South America, with a total registered investment capital of approximately $3.4 billion (about VND 81,600 billion).

Thanh Binh Phu My has earned the trust and cooperation of foreign investors, as well as global economic and trade organizations, including Jetro, JCCH, EuroCham, AHK, CCIFV, AmCham, BritCham, Kocham, and IFC.

 The leadership teams of PDR and Thanh Binh Phu My posed for commemorative photos.

Through this collaboration, PDR and Thanh Binh Phu My will develop, invest in, construct, and operate industrial parks that integrate urban, service, and industrial functions, all while prioritizing environmental sustainability and leveraging IT for efficient management and operations across various real estate sectors, including logistics, residential, and commercial properties.