The World Trade Center Binh Duong New City, the largest of its kind in Vietnam, is scheduled for opening in the southern province of Binh Duong this month.
| An image of the World Trade Center in the southern province of Binh Duong. Photo: baobinhduong.vn |
The center will be operated by the Korea International Trade Association (KITA) and Coex Convention & Exhibition Center (COEX), according to an agreement signed with Vietnam’s real estate and infrastructure developer Becamex IDC on March 8.
The center located in a total area of 22,000 square meters, including 11,679 square meters of indoor exhibition space and 7,935 square meters of outdoor exhibition. It is expected to serve as a bridge to connect trade, cultural and tourism activities between Vietnam and South Korea.
Under the agreement, COEX will send its experts in exhibition organization and infrastructure management to Vietnam to operate the center.
As Vietnam’s largest industrial hub with 800 South Korean companies, Binh Duong province is part of Vietnam’s southern key economic zone and 25 kilometers away from Ho Chi Minh City’s downtown areas.
A COEX representative expected the center to play a key role in facilitating cooperation between South Korean companies and their international peers under South Korean government’s “New Southern Policy”.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years