SOILBUILD LAUNCHES READY-BUILT FACILITY IN NGHE AN

Singaporean real estate firm Soilbuild International held a groundbreaking ceremony for the Spectrum Nghe An ready-built facility in WHA Industrial Zone 1 in Nghe An province on August 1.

Guests included representatives from 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.

With a total investment of $45 million, the project will span 15.6 hectares within WHA Industrial Zone 1 (the second phase) in Nghi Dong commune, Nghi Loc district, Nghe An province. It was awarded an investment certificate by Nghe An People's Committee last September and is expected to be completed by the second quarter of 2025.

The facility offers direct toll-free access via Highway No.7C, Asian Highway No.1A, and the North-South Expressway. Positioned as an international gateway, it is just a 25-minute drive from Vinh International Airport and Cua Lo Seaport, providing tenants with exceptional accessibility and convenience.

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.

Speaking at the ceremony, general director Ben Ding Khoon Yew said, "Today, Soilbuild not only breaks ground but also lays the foundation for our future success in Vietnam. Following Nghe An, we plan to launch additional industrial projects in Bac Ninh and Hung Yen provinces, while fostering growth and supporting businesses in Nghe An."

Director of Dong Nam Economic Zone Management Board Le Tien Tri congratulated everyone at the groundbreaking ceremony. He expressed confidence that once operational, Spectrum Nghe An would attract more investment, create numerous job opportunities for local workers, increase state budget revenue, and drive socioeconomic 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 Tri.

Anchalee Prasertchand, vice president of WHA Industrial Development Plc., said, "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 to 14,000 square metres, Spectrum Nghe An has been developed in accordance with LEED Green Building Standards.

Source: VIR

Related News

MEMBER CORNER / PROMOTIONS

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.

Jul 24, 2026

BANKING / FINANCE / INSURANCE / TAX

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.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

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.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

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.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

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.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

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.

Jul 23, 2026