Groundbreaking ceremony for Soilbuild's Spectrum Hung Yen industrial park commences
In the heart of Hung Yen province, northern Vietnam, Soilbuild International has embarked on an ambitious project: the construction of Spectrum Hung Yen, an industrial development spanning 14.45 hectares. This strategic location, just 36km from Hanoi and near major highways [1][3], is set to offer streamlined supply chains and efficient regional distribution for both local and international manufacturers.
The first phase of Spectrum Hung Yen will deliver ready-built factories, covering 74,225 square meters of land, with a Gross Floor Area (GFA) of 52,000 sqm [1][2][5]. This initial phase is expected to cost US$34 million, with a total investment of US$60 million [1][5].
Spectrum Hung Yen is designed with a focus on sustainability, functionality, and adaptability, making it a next-generation industrial estate [1]. The project's development by Soilbuild International aims to serve both current manufacturers and future-oriented global supply chains, reflecting the company's confidence in Vietnam as a strategic growth market [1].
Soilbuild Group, with 50 years of experience in Singapore's real estate sector, is expanding its industrial expertise globally through Soilbuild International [6]. This expansion is evident in the recent award of 'Excellence in Green Strategy' at the Vietnam Industrial Property Forum (VIPF) 2024 [6].
Ben Ding Khoon Yew, General Director of Soilbuild International Vietnam, expressed excitement about the launch of Spectrum Hung Yen in Vietnam, citing the province's strong leadership, excellent infrastructure, and investor-friendly policies [4]. Singapore Ambassador to Vietnam, Mr. Jaya Ratnam, also stated that the Spectrum Hung Yen project reflects the strong and growing economic partnership between Singapore and Vietnam [7].
Recent road and bridge upgrades have reduced travel time to under an hour, further enhancing Spectrum Hung Yen's appeal [3]. Electronics, textile, and automotive-component firms have shown strong interest in the project [8]. For media enquiries, contact [email protected] or (+84) 0868 522 166 [9].
[1] Soilbuild International begins construction on Spectrum Hung Yen, PR Newswire, 2025 [2] First phase of Spectrum Hung Yen to deliver ready-built factories, VietnamNet Bridge, 2025 [3] Hung Yen's road and bridge upgrades, Vietnam News, 2025 [4] Ben Ding Khoon Yew on the launch of Spectrum Hung Yen, Vietnam Investment Review, 2025 [5] Legal clearances and initial groundwork for Spectrum Hung Yen, VietnamPlus, 2025 [6] Soilbuild International wins Excellence in Green Strategy award, Vietnam Insider, 2024 [7] Singapore Ambassador on Spectrum Hung Yen, Tuoi Tre News, 2025 [8] Interest in Spectrum Hung Yen from key sectors, Vietnam Business Forum, 2025 [9] Media enquiries for Spectrum Hung Yen, Soilbuild International, 2025 [10] FDI inflows in Hung Yen province, Vietnam Investment Review, 2025
- This venture by Soilbuild International, the construction of Spectrum Hung Yen, is expected to revolutionize the manufacturing industry in Hung Yen province, Vietnam, transforming it into a next-generation industrial estate.
- With a focus on sustainability, functionality, and adaptability, Spectrum Hung Yen aims to attract not only current manufacturers but also future-oriented global supply chains, reflecting Soilbuild International's confidence in Vietnam as a strategic growth market.
- The first phase of Spectrum Hung Yen will see the delivery of ready-built factories, covering a land area of 74,225 square meters and boasting a Gross Floor Area (GFA) of 52,000 sqm. This initial phase is expected to cost US$34 million and carries a total investment of US$60 million.
- Soilbuild International, with 50 years of experience in Singapore's real estate sector, is expanding its industrial expertise globally, as evidenced by the award of 'Excellence in Green Strategy' at the Vietnam Industrial Property Forum (VIPF) 2024.
- In the heart of the province, Spectrum Hung Yen is strategically located, offering streamlined supply chains and efficient regional distribution for both local and international manufacturers, being just 36km from Hanoi and near major highways.
- The recent road and bridge upgrades have significantly reduced travel time, further enhancing Spectrum Hung Yen's appeal, and making it a prime location for businesses, especially in sectors like electronics, textile, and automotive components, which have shown a strong interest in the project.
- As personal and career development are essential aspects of modern living, Spectrum Hung Yen's location also offers opportunities for education and self-development, placing it at the intersection of business, personal finance, and sustainable living.
- Data-and-cloud computing and technology industries could also find a foothold within Spectrum Hung Yen, considering its strategic location and the increasing demand for digital solutions in various sectors, including real-estate and finance.
- For racing enthusiasts, the proximity of the Spectrum Hung Yen industrial development to major highways might spur interest in auto-racing, particularly grand prix, further enriching the lifestyle opportunities available in the area.
- With the availability of data-and-cloud computing and technological advancements, weather-forecasting services could also experience growth in the region, ensuring optimum conditions for manufacturing operations and facilitating better decisions for businesses invested in Spectrum Hung Yen.
- As the Spectrum Hung Yen project progresses, it is essential to acknowledge the role of strong leadership, excellent infrastructure, and investor-friendly policies in attracting Foreign Direct Investment (FDI) to Hung Yen province, contributing to its prosperity and overall economic growth.
