Soilbuild International breaks new ground with Spectrum Hung Yen

A high-profile delegation attended the event

In a ceremony attended by ambassadors, government officials, and industry leaders on July 4, the developer signalled its deepening commitment to the region's rapidly expanding manufacturing and logistics sector.

With nearly 50 years of experience in Singapore's real estate sector, Soilbuild Group is now expanding its industrial expertise globally through Soilbuild International. The launch of Spectrum Hung Yen marks a key milestone in bringing this vision to Vietnam.

Designed with a focus on sustainability, functionality, and adaptability, Spectrum Hung Yen will be a next-generation industrial estate. Its strategic location near major highways offers streamlined supply chains and efficient regional distribution, meeting the evolving needs of both local and international manufacturers.

Spectrum Hung Yen will deliver ready-built factories spanning 74,225 square metres, with a gross floor area (GFA) of 52,000 sq.m in its first phase. Legal clearances and initial groundwork began in June 2024 and the handover is targeted in the first quarter of 2026. This project represents a substantial boost to Hung Yen's foreign direct investment (FDI) inflows, with a total capital commitment of $60 million, of which $34 million has been allocated to the first phase.

A 3D perspective of Spectrum Hung Yen by Soilbuild International

Ben Ding Khoon Yew, general director of Soilbuild International Vietnam, shared, "After the success of Spectrum Nghe An, we're excited to launch our next chapter in Vietnam. Hung Yen was chosen for its strong leadership, excellent infrastructure, and investor-friendly policies."

He emphasised Soilbuild's confidence in Vietnam as a strategic growth market, backed by a solid track record and growing tenant interest.

Spectrum Hung Yen is located just 36km from Hanoi, located in Clean Industrial Park. With recent road and bridge upgrades, travel time to the capital has been reduced to under an hour.

Singapore Ambassador to Vietnam Jaya Ratnam

Blending environmental sustainability with strategic logistics, Spectrum Hung Yen has already drawn strong interest from electronics, textile, and automotive-component firms, sectors that contributed over $2 billion in FDI to the province in the past year.

At the groundbreaking ceremony, Singapore Ambassador to Vietnam Jaya Ratnam emphasised, "Spectrum Hung Yen reflects the strong and growing economic partnership between Singapore and Vietnam, a clear testament to investor confidence in Vietnam's long-term potential."

Developed by Soilbuild International, the project will integrate green building principles, modern architecture, and meticulous project management, aiming to serve both current manufacturers and future-oriented global supply chains.

Reinforcing its commitment to sustainable development, Soilbuild was recently awarded 'Excellence in Green Strategy' at the Vietnam Industrial Property Forum 2024.

Soilbuild honoured for green transformation strategy at VIPF 2024 At the Vietnam Industrial Property Forum on July 30, Soilbuild International (Vietnam) was honoured as an industrial property developer with a sound green transformation strategy.

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.

Spectrum Nghe An completes handover preparations for tenants Nestled in the heart of Dong Nam Economic Zone within the thriving Nghe An province, the Spectrum Nghe An development offers ready-built-factories tailored to meet the diverse needs of the manufacturing industry.