**Gamuda Plans to Invest Billions More in Vietnam**
This information was shared by Dato’ Chow Chee Wah, Chairman of Gamuda Land, during a meeting with Prime Minister Pham Minh Chinh on May 25.
At the meeting, Mr. Wah informed that Gamuda Berhad is currently present in nine countries. In Vietnam, Gamuda Berhad is the largest investor from Malaysia, with projects totaling over $5 billion in infrastructure, construction, and real estate.
Prime Minister Pham Minh Chinh and Mr. Dato’ Chow Chee Wah, Chairman of Gamuda Land. (Photo: Chinhphu.vn)
Mr. Wah shared that Gamuda plans to invest several more billion dollars in the coming years and seeks the Government’s continued support for the Group’s business expansion in Vietnam.
The Prime Minister highly appreciated Gamuda’s contributions to developing urban infrastructure projects in Vietnam and welcomed the Group’s continued expansion and reinvestment in the country.
The Government leader affirmed that Vietnam encourages foreign enterprises with technology, capacity, and experience to participate in investing in and developing infrastructure, especially in building and developing green, smart, modern, and sustainable urban areas in Vietnam.
The Prime Minister requested that the Gamuda Group continue to expand its investments and develop new business fields and models, such as smart cities, and share its experience in operating and managing smart cities with Vietnamese state agencies and enterprises.
He affirmed that the Vietnamese Government would create favorable conditions, in accordance with its laws, for the Group and other Malaysian investors to operate effectively and sustainably in Vietnam.
**“Malaysian Giant” Gamuda’s Growth in Vietnam**
Gamuda Land is a real estate development company under Gamuda Berhad, a long-established company in construction and real estate development, including civil, resort, wastewater treatment, transportation, and technical infrastructure projects, headquartered in Malaysia.
Gamuda Land entered the Vietnamese market in 2007 and is currently investing in several large-scale projects, including Gamuda City in Hanoi, Artisan Park in Binh Duong, Springville in Dong Nai, and Celadon City, Elysian, Eaton Park, and The Meadow in Ho Chi Minh City.
During 2021-2025, Gamuda Land has conducted a series of M&A deals to expand its land fund and project development in Vietnam.
In October 2021, Gamuda Land acquired a 5.6-hectare land plot in Binh Duong from Binh Duong Business and Development Joint Stock Company for $53.88 million to develop the Artisan Park project.
In July 2022, Gamuda Land merged with Truong Tin Construction and Housing Company, which owns the Elysian project in Thu Duc City, Ho Chi Minh City. This project covers an area of 2.8 hectares, with a total investment of nearly VND 2,930 billion.
Notably, in July 2023, Gamuda Land spent approximately $315.8 million to acquire 98% of the shares of Tam Luc Real Estate Company, thereby owning the Eaton Park project in Thu Duc City, with an area of 3.68 hectares and a total development value estimated at $1.1 billion.
According to Gamuda Berhad’s recently published financial report, Gamuda Land has purchased a prime land plot in Le Chan District, Hai Phong, for $38.9 million (approximately VND 1,000 billion).
The project has an estimated development value of $222 million (approximately VND 5,700 billion) and is expected to commence in 2026 and complete in 2028.
Most recently, at an investment cooperation discussion in Ho Chi Minh City, Mr. Liew Bing Fooi, Chairman of Gamuda Land Vietnam, expressed the company’s desire to participate in the compensation process and invest in the construction of the Tan Thang 93-hectare project.
In addition, the company wants to engage in the synchronous infrastructure development of the area, including the metro line connecting Ho Chi Minh City and Long Thanh Airport and other urban railway lines in the city.
Gamuda Land also wishes to access information and conduct in-depth research on the projects in the new Thu Thiem urban area and participate with the city in the implementation phase of the planning and architectural ideas for the Binh Quoi-Thanh Da peninsula.
The Real Estate Titan: Unveiling the Mastermind Behind Billion-Dollar Projects Across Vietnam
In recent times, Sun Group has been at the forefront of proposing large-scale investments, primarily in the form of urban developments. These projects span the length and breadth of the country, with a particular focus on the gateway provinces of Hanoi and Ho Chi Minh City, as well as regional economic centers. Here is a detailed breakdown of their endeavors:
Nutifood Partners with a Century-Old Dairy Company to Launch a Premium Australian-Standard Dairy Brand
“Nutifood and ViPlus Dairy have joined forces in an exciting new venture, launching the premium brand GippsNature. This dynamic collaboration is set to revolutionize the market by combining the Australian brand’s 130-year heritage with over 25 years of deep understanding of local needs by the Vietnamese company. GippsNature is poised to become a breakthrough brand, offering consumers the best of both worlds: a rich legacy of quality and a deep-rooted connection to local tastes and preferences.”
A Leading Chinese Conglomerate Acquires 64.81% of Imexpharm’s Chartered Capital for Over VND 5,000 Billion.
International Marketing and Promotions Corporation (IMP) acknowledges receipt of the above information and assures that it will continue to monitor the transaction closely. The company is committed to maintaining transparency and will provide timely disclosures to the State Securities Commission, the Ho Chi Minh City Stock Exchange, and investors as per the regulations.
“Government Agencies Collaborate to Develop Data, Implement a Unified Land Valuation System, and Reform Property Taxation”
The Ministry of Agriculture and Environment and the Ministry of Finance are tasked with developing a land price database, with prices assigned to individual land plots based on regional value and standard plots. This move towards a unified land price will serve as the foundation for implementing a property tax policy.
The “Project of the Century” for Vietnam Takes a New Turn: A Silver Lining at 11:30 a.m.
This is regarded as one of the most significant technical milestones for the factory.
