Malaysian property giant plans a $1.4 billion project in Can Tho

At a conference on December 10, the Can Tho People's Committee granted investment policy and investment cooperation memoranda to both local and foreign companies. Among them, Global Partnership, the representative company of Pavilion International in Vietnam, signed an MoU with Can Tho People's Committee.

The highlight of the resort, entertainment, and sports complex will be the world-class Grand Prix motorcycle (MotoGP) racing track, putting Vietnam on the MotoGP world map. The project is expected to open up new opportunities for investment and tourism.

Bobby Yeoh Lam Jit, chairman of Pavilion International said, "The investment master plan of Can Tho towards 2030, with a vision to 2050, has been approved. This will be the premise for the city to organise investment attraction activities and affirm its role as the core urban area of the Mekong Delta region."

"With many years of experience, Pavilion International has had the opportunity to learn from and exchange ideas with local leaders in Vietnam, especially in Can Tho city. Pavilion International and local leaders have carried out serious research, exchange, and work to propose suitable and worthy projects. We appreciate the dedication of the city's leaders along with the potential and development opportunities in this beautiful land. We hope to invest in a project that unlocks Can Tho's potential and geographical and economic advantages," the chairman added.

In addition to this project, Can Tho People's Committee also awarded investment MoUs to other projects across different fields, including industrial park infrastructure, urban areas, trade, services, healthcare, education, sports, and entertainment.

Noticeable are Vietnam-Singapore Industrial Park (VSIP) investing VND7.25 trillion ($298 million) in Vinh Thanh 2 Industrial Park; Samsung Engineering investing $127.73 million in expanded Cai Sau 1 and Cai Sau 2 wastewater treatment projects; and Japan's EREX investing $247.2 million in the Can Tho biomass power plant project.

In Malaysia, Pavilion International is a leading real estate development company specialising in hotels, luxury shopping centres, high-end housing combined with large-scale mixed-use developments in high-value urban and suburban areas.

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