Meeting with General Secretary and President To Lam, Warburg Pincus Investment Fund wants to expand investment in Vietnam

Within the framework of the United Nations General Assembly High-Level Week in New York, General Secretary and President To Lam received Mr. Jake Siewert, Global Head - Public Policy & Political Risk of Warburg Pincus.

The discussion focused on the fund's investment issues in Vietnam, energy transition strategy, tourism and prospects for joint cooperation.

General Secretary and President To Lam received Mr. Jake Siewert, Global Head - Public Policy & Political Risk of Warburg Pincus. Photo: VNA

Since 2018, Warburg Pincus has joined hands with Becamex to establish the BW joint venture. To date, BW has emerged as the leading industrial real estate leasing platform in Vietnam, playing an essential role in enhancing Vietnam’s manufacturing value chain by providing modern pre-built infrastructure, multi-storey warehouses and international standards for global manufacturers looking to rapidly expand in Vietnam.

This year, BW continues to take advantage of the trend of supply chain diversification and increasing FDI capital, with leasing activities developing rapidly, expected to reach nearly 1 million square meters of construction floor space in 2024.

Many businesses from diverse industries from China choose BW's warehouse to develop their business in Vietnam.

“As a leading industrial developer, we are pleased to see more tenants from diverse industries choosing to lease more space from China to Vietnam. In addition to the electronics, automotive and renewable energy industries, we are now welcoming businesses from other sectors choosing Vietnam as a new manufacturing hub,” said Lance Li, CEO of BW. Some of BW’s recent tenants in 2024 include Skyworth (10,000 m2 – BW Nhon Trach 2; Coherent (50,000 m2 – BW Nhon Trach 1); Chevron (50,000 m2 – BW My Phuoc 4).

Skyworth - China's leading multi-industry corporation, officially inaugurated its new factory at BW Nhon Trach 2.

In addition to BW, Warburg Pincus has invested in Vincom Retail, a leading retail real estate brand in Vietnam; MoMo, a leading digital financial services platform in Vietnam; Techcombank, one of the largest joint stock commercial banks in Vietnam; and Lodgis, a leading hospitality services platform in Southeast Asia. The firm has invested over $2 billion in Vietnamese businesses, making it one of the largest and most active global private equity funds in the market.

BW Industrial Development Joint Stock Company (BW) is Vietnam's leading industrial and logistics real estate platform, with over 9 million square meters of industrial land in prime locations, with a portfolio of over 50 projects in 12 key provinces in Vietnam. Capturing the wave of investment, growing domestic production and consumption demand as well as the rapid development of e-commerce, BW focuses on developing modern pre-built infrastructure, multi-storey warehouses and factories that meet international standards for global manufacturers looking to rapidly expand their business in Vietnam.

For more information about BW, please visit https://bwindustrial.com/.

Source: https://baodautu.vn/gap-go-tong-bi-thu-chu-tich-nuoc-to-lam-quy-dau-tu-warburg-pincus-muon-mo-rong-dau-tu-vao-viet-nam-d225851.html