Want to be in the loop?
subscribe to
our notification
Business News
GROUNDBREAKING CEREMONY MARKS LAUNCH OF READY-BUILT FACILITY SPECTRUM NGHE AN
Soilbuild International, an established real estate company from Singapore, has achieved a significant milestone in its expansion into the Vietnamese market. On August 1st, 2024, the company successfully held the groundbreaking ceremony for the Ready-Built Facility Spectrum Nghe An at Lot B1&2, WHA Industrial Zone 1 (Phase 2), Nghi Dong commune, Nghi Loc district, Nghe An province.
A Green and Sustainable Beginning
The event was graced by esteemed guests and partners, including representatives from the Dong Nam Economic Zone management board, Nghi Loc district, WHA Group, Hop Luc Company, and other distinguished delegates. Their presence highlighted the significance of this project in advancing sustainable development in Vietnam.

Spectrum Nghe An’s Groundbreaking Ceremony sand shoveling moment
Spectrum Nghe An: A Home for Industrial Manufacturers in Central Vietnam
The project, with a total investment of USD 45 million, will span 15.6 hectares within the WHA Industrial Zone 1 (Phase 2) in the Nghi Dong commune, Nghi Loc district, Nghe An province. It was awarded an Investment Certificate by the Nghe An Provincial People's Committee in September 2023 and is expected to be completed by the second quarter of 2025.
Strategically located at the heart of the Dong Nam Economic Zone, the facility offers direct toll-free access via Highway 7C, Asian Highway 1A, and the North-South Expressway. Positioned as an international gateway, it is just a 25-minute drive from both Vinh International Airport and Cua Lo Seaport, providing tenants with exceptional accessibility and convenience.
Additionally, the site's appeal is enhanced by a special tax incentive for the first 15 years and the proximity of major foreign companies like Goertex, Sunny, and Foxconn. This makes it an ideal emerging hub for industrial manufacturers and e-commerce companies.

Overview 3D perspective of Spectrum Nghe An
Soilbuild International’s Vision
Speaking at the ceremony, General Director Ben Ding stated, “As the international arm of Soilbuild Group, Soilbuild International extends our legacy of excellence beyond borders. We recognize Vietnam’s strategic position in the global supply chain shift, attracting major multinational corporations who demand high-quality Ready-Built Facility aligned with global standards.
Today we not only break ground, but we also lay the foundation here for our shared future success. Following Nghe An, we plan to launch additional industrial projects, including but not limited to Bac Ninh and Hung Yen Provinces. Soilbuild International will continue to contribute in the shaping of Vietnam’s industrial landscape, fostering growth, and supporting businesses in Nghe An Province.”

Mr. Ben Ding, General Director of Soilbuild International (Vietnam), is committed to shaping Vietnam’s industrial landscape, fostering growth, and supporting businesses in Nghe An Province.
On behalf of the Dong Nam Economic Zone management board, Mr. Le Tien Tri, Head of the board, congratulated everyone at the Groundbreaking Ceremony. He expressed confidence that once operational, Spectrum Nghe An would attract more investors, create numerous job opportunities for local workers, increase state budget revenue, and drive socio-economic development. “This is a significant step forward, contributing to economic restructuring and leveraging the full potential and advantages of Nghe An province to achieve rapid and sustainable development,” said Mr. Tri.
Ms. Anchalee Prasertchand, Vice President of WHA Industrial Development Plc., remarked that “Soilbuild’s dedication to excellence and innovation resonates deeply with our values at WHA Vietnam. We are building more than just facilities; we are creating an ecosystem that fosters economic growth, nurtures local talent, and provides sustainable solutions that benefit not only businesses but also the communities we serve.”
Featuring Ready-Built Facilities ranging from 3,200 sqm to 14,000 sqm, Spectrum Nghe An is developed in accordance with LEED (Leadership in Energy and Environmental Design) Green Building Standards. The project is set to become a beacon of sustainable development, with exceptional key features that will serve as a home for industrial manufacturers in the region.
For Media Enquiries, please contact
Email: spectrum@soilbuild.com
Tel: (+84) 0868 522 166
Website: soilbuild.com.vn
Related News
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS
Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.
HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH
From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
























