Temasek's Mapletree to build Vietnam business park

Temasek's Mapletree to build Vietnam business park

SINGAPORE, Oct 14 - Mapletree, the real estate arm of Singapore sovereign wealth fund Temasek Holdings [TEM.UL], said on Tuesday it has signed an agreement to develop a $400 million business park in Vietnam.
The 75-hectare business park, in Vietnam's Binh Duong province, will be built in phases starting from 2009, Mapletree said in a statement.
The deal brings its total investments in the Southeast Asian country to $700 million, it added.
Mapletree said a 68-hectare logistics park it is also building in Binh Duong, near Ho Chi Minh City, has already signed up six customers ahead of its completion in November 2008.

Quoted from Yahoo. news

The province of Binh Duong in Vietnam is one of the faster developing province is southern Vietnam which had attracted a US$1 billion investment in healthcare and education.