CapitaLand Development signs MOU for S$1.3 billion investment in Vietnam
Expands portfolio in Vietnam with CLD's first industrial park, logistics park and township development
By: CapitaLand Development
The exchange of the signed MoU was witnessed by the President of the Socialist Republic of Vietnam Mr Nguyen Xuan Phuc during his state visit to Singapore. The MoU marks one of the largest investments sealed between a Singaporean company and the government of Vietnam during the state visit.
The MoU further reinforces CLD's long-term commitment to Vietnam's economic development. In the next five years, CLD plans to accelerate its growth, expanding its portfolio in asset classes such as data centres, logistics facilities as well as industrial and business parks. CLD will also seek master planning and urban development opportunities, while expanding its current residential portfolio.
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