Tuesday, November 21 2017

VietNamNews

Wheels in motion for solar equipment project transfer

Update: April, 22/2013 - 10:07

HCM CITY (VNS)— The deal for a project to produce solar panels in HCM City's Dong Nam Industrial Park, Cu Chi District is expected to be finalised this year.

Chris Brown, country manager for property services firm Cushman & Wakefield Vietnam, said that he expected the transfer of the project, whose total registered investment is US$1.2 billion, would be done later this year.

Construction of the factory kicked off in March 2011.

The project owner wants the sale due to global oversupply and Cushman & Wakefield Vietam as its agent for the transfer, he told the press on the occasion of his company's 5th anniversary

Brown said on Wedneday that there are two potential buyers, but declined to identify them or provide other project evaluation details.

Talking about HCM City's industrial property segment, Brown said that by 2020 the total area of industrial land might increase by 2,700ha, up around 75 per cent over 2012's figure, with 29 IPs in operation, compared to current 18. — VNS


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