Illustrative image (Photo: vietnamfinance.vn)

The US’s Warburg Pincus plans to implement a cross-border e-commerce project in Binh Duong province – a magnet for FDI in the south of Vietnam, according to the provincial People’s Committee.

The project has an area of 75 hectares in Thu Dau Mot city, including high-tech factories, extended air warehouses, cross-border e-commerce warehouses, a data centre, three-storey showrooms, and offices.

Jeffrey David Perlman, Managing Director, head of Southeast Asia and Asia-Pacific Real Estate of Warburg Pincus, expressed his wish that Binh Duong will create favourable conditions to soon complete legal procedures to implement the project.

According to him, this is one of the big strategic projects aiming is to build a supply chain integration ecosystem, and marking a highlight to attract investment and develop Binh Duong smart city./.