"The Future: Redefined" Is Happening in Binh Duong Province, Vietnam

- BecemexIDC Corp. is proud to be a Platinum Sponsor of the APEC 2011 CEO Summit

The APEC 2011 CEO Summit, with the theme "The Future: Redefined," will be taking place November 10-12 in Honolulu, Hawaii, in conjunction with APEC USA 2011 Leaders Week. The Summit is expected to feature dynamic interactions with APEC Leaders including President Barack Obama of the United States, President Hu Jintao of China, President Dmitry Medvedev of Russia, President Truong Tan Sang of Vietnam, President Susilo Bambang Yudhoyono of Indonesia, Prime Minister Julia Gillard of Australia, Prime Minister Lee Hsien Loong of Singapore, and President Felipe Calderón of Mexico, among others.

Becamex IDC Corp. from Binh Duong Province, Vietnam, is proud to be the first Asian Sponsor to commit to APEC sponsorship and one of the only four Asian sponsors at the highest  Platinum Sponsor level of the APEC 2011 CEO Summit in Hawaii. Other Platinum sponsors are: Google, Walmart, Microsoft, Boeing, Caterpillar, Chevron, Walmart, DOW, Lilly, J&J and more - totaling 22 Platinum Sponsors.  The other 3 Asian Platinum sponsors are: Sumitomo from Japan, ICBC Bank from China and HTC from Taiwan. There are also another 20 second-level Gold Sponsors, namely Nissan, Cargill, GE, etc.

The theme of the APEC CEO Summit in November is redefining the future. At BecamexIDC, the largest infrastructure, industrial park developer & operator and one of the largest real estate companies in Vietnam, we are also working to redefine the future.  The company's efforts to improve infrastructure; human resources; health & environment are redefining, Binh Duong province (an area immediately next to Ho Chi Minh City in the South of Vietnam) and also nationally Vietnam itself through our many projects - one person, one district, one city, one province at a time.

Binh Duong New City: The Future: Redefined

At the APEC CEO Summit in Hawaii this year, Becamex will showcase its mega-project, building Binh Duong New City.  Binh Duong New City is a new modern city of Vietnam located about one-hour drive from Ho Chi Minh City(HCMC), the country's main commercial hub. As Vietnam has its competitive position as a site for investment, this new city will be a model for all facets of redefining the future, not only in Vietnam, but regionally. The New City is sometimes dubbed by media as the "Pudong" of HCMC. Its Master Plan has the cooperation of French, Singaporean, Malaysian, Thai and other international architect, construction firms and other supporting companies, and is now over 45% complete.  This is where the best opportunities in  manufacturing, products, services, infrastructure and many other sectors are now arising. Binh Duong, with its close proximity to HCMC, has been a manufacturing center and top province for the Southern area of Vietnam for many years.  Its new township, expansion of industrial park areas, residential areas, university, hospital, office space & shopping center and entertainment areas have created new markets and opportunities. With Becamex's message to be displayed at the APEC CEO Summit, "Grasp the Opportunity for Success in Vietnam", the company invites all CEOS at the Summit to grasp their future in Binh Duong.  (short video of the New City - 4 mins.)

Infrastructure Development for Vietnam:
Becamex is taking the current financial challenges to the world as not a call to slowdown or stop programs but to persevere and innovate.  Becamex continues its efforts to improve infrastructure.  A leading example: the new Expressway from Binh Duong to Ho Chi Minh City which will be the first real expressway in the country and greatly reduce travel time between Ho Chi Minh City and Binh Duong.  This project is nearly half complete and will open in 2012.  Another example is the new 800 million dollar upgrade of Highway 13 which we recently signed the contract to perform.  These projects link Binh Duong to Ho Chi Minh City and the South but inside the province we continue to work to improve infrastructure and most investors are pleasantly surprised at the high level of electric, water, sewage, communications and building infrastructure throughout Becamex projects throughout the country. 

Human Resource:
The CEO Summit will focus on the issue that faces all of the world, how to improve the quality of human resources available to business and other sectors.  Becamex early saw this as an urgent need and In the field of improving human resources, on October 3, Becamex just opened the $100 million dollar new Eastern International University (EIU)in Binh Duong New City, which is now offering studies in business, engineering and nursing that will meet the highest international standards with additional majors to be added in the years ahead in many additional fields.

Health and Medical Care:
Not only must employees and new communities be well trained but they also must be healthy and well cared for.  In terms of improving medical care and welfare for employees, neighbors and people throughout our region - Becamex also is soon to open an ultramodern International Hospital and expand operations and training at its current 2nd hospital plus expand pharmaceutical cooperation through its two pharmaceutical subsidiaries to improve access to medicine in our greater area. 

In terms of sustainability, Becamex continues to improve environmental protection and through effective city planning like in our Binh Duong New City increase green areas, protect fragile wet areas and rivers, provide more efficient transportation and other pollution and energy efficiency controls. (Video of the New City)

Becamex is optimistic and excited about the future of the APEC region:

We live in very turbulent economic times.  Economic prospects are slowing in many areas of the world.  Asian countries like Vietnam still continue to grow and because of the young population throughout most of the area, the country's internal growth continues to provide better conditions for many.  Still many of us who are in business know that we cannot continue to grow in the long term if Europe, Japan and the U.S. don't also return to better growth outlooks.  We therefore are hopeful that these countries will work to rebalance their economies and to improve their financial stability.  We also hope these countries continue to support free and fair trade which has already helped to improve financial conditions for Vietnam and much of the developing world. 

Last year Vietnam was the host for ASEAN efforts on the Asia Free Trade Area (AFTA). The 10 nations in AFTA represent over 500 billion people and in terms of total population are larger than both NAFTA and the EU.  Increasingly Vietnam and the region will benefit as AFTA continues to breakdown barriers and opens a market across Southeast Asia which will take advantage of the young, consuming population that characterizes the area.  APEC should continue to facilitate close cooperation with AFTA and on a worldwide basis.  We are hoping that more APEC countries will deepen ties with AFTA and utilize the lower cost labor, improving infrastructure and human resources of Vietnam as a gateway to AFTA and as a crossroads to site factories, businesses and to work and trade.

Vietnam continues to show increased GDP growth even despite the financial difficulties that many nations in Europe and elsewhere are seeing.  The reason is that Vietnam has a very young population and a work ethic that is among the best in Asia.  The Vietnamese government continues to offer business friendly support through government regulations and Vietnam continues to invest in infrastructure, education and training and many other sectors that help new businesses locating here improve their productivity and profitability.  The news for all is that Vietnam is "open" for business and even in the midst of the current world financial difficulties continuing to innovate and improve to better serve business.  Becamex would like to invite all of the CEO summit to learn more about the opportunities in Vietnam which are substantial and can offer new opportunities for your company to expand sales, grow and improve the company's future prospects.  Grasp the Opportunity for Success  in Vietnam with Becamex.

About BecamexIDC:

Becamex, the largest infrastructure, industrial park developer and operator and one of the largest real estate companies in Vietnam.  Becamex has over 2,500 employees and has over 5 Billion (US) dollars in assets  and is a very successful conglomerate with operations in many sectors primarily in the South of Vietnam but also through its majority owned subsidiary Vietnam-Singapore Industrial Parks (VSIP) with operations in the North and South of Vietnam.  The company operates a total of over 20 industrial parks including the Vietnam Singapore Industrial Park (VSIP) in conjunction with the Singapore government and the My Phuoc Industrial City, the largest integrated industrial and!supporting industries project in the country. Binh Duong New City is a project conceived by the Binh Duong provincial government and the provinces leading state-owned company, Becamex IDC Corp. The New City is well on the way to actual completion!and already has all the infrastructure and many of the focal sites like a large and modern International University, a logistics/business center operated by Mapletree in Singapore plus golf course, residential, commercial and government buildings - much of them already under construction!and the remainder in the late planning stages.

Becamex Group has 30 subsidiaries and affiliates focused on banking, financing, securities,!process and manufacturing, pharmaceuticals, trading especially investment and development of industrial, commercial and residential projects.
Total employees: 2.500
Management staffs: 230
Engineers: 90
Foreign experts: 30

Main fields of operation:
• Investment in construction and trading infrastructure of industrial parks.
• Investment, trading residential area.
• Real estate trading.
• Financing, Banking and Security.
• Producing and trading pharmaceutical, cosmetic and health materials.
• Civil Construction, industry and transportation.
• Project investment in the form of B.O.T, B.O.
• Rock cutter and other minerals.
• Produce and process raw material for rubber industry, construction
• Commercial trading, import – export service.
• Financial investment into local and foreign companies.

About Becamex Spokesperson:

Christopher Runckel: Becamex Spokesperson for APEC 2011 CEO Summit, Senior Advisor and Chief Representative of the U.S. Market.

Christopher Runckel, Senior Advisor to Becamex IDC Corp. for over 8 years and former senior U.S. diplomat, has had a long association with Asia, especially Vietnam.  He was the first US Diplomat permanently assigned to Vietnam and oversaw all initial negotiations and served as the Head of US State Department operations and later as Deputy Chief of the US Liaison Office and US Embassy.  Earlier he worked in President Ford’s White House as Deputy General Counsel of the Presidential Clemency Board, which recommended clemency for Vietnam era draft deserters and evaders. In 1997, Mr. Runckel was recognized for the breadth of his contribution to U.S.-Vietnam relations by being awarded the U.S. Distinguished Honor Award, the highest U.S. Award for diplomatic service.

Follow BecamexIDC on Twitter: @BecamexIDC
Website: www.becamex.com.vn/en

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