SOILBUILD INTERNATIONAL BREAKS NEW GROUND IN VIETNAM WITH SPECTRUM HƯNG YÊN INDUSTRIAL LAUNCH IN 2025

HANOI, Vietnam, July 4, 2025 /PRNewswire/ -- Soilbuild International has officially broken ground on Spectrum Hung Yen, a cutting-edge industrial development spanning over 14.45 hectares in Vietnam's thriving northern province. In a ceremony attended by ambassadors, government officials and industry leaders, the developer signalled its deepening commitment to the region's rapidly expanding manufacturing and logistics sector.

A high-profile delegation attended the event

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 is 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.

A fast-track first phase

Spectrum Hưng Yên will deliver ready-built factories spanning 74,225 sqm of land, with a Gross Floor Area (GFA) of 52,000 sqm in its first phase. Legal clearances and initial groundwork began in June 2024 and the handover is targeted in Q1/2026. This project represents a substantial boost to Hung Yen's foreign direct investment (FDI) inflows, with a total capital commitment of USD 60 million, of which USD 34 million is allocated to phase 1.

3D perspective of the 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 emphasized Soilbuild's confidence in Vietnam as a strategic growth market, backed by a solid track record and growing tenant interest.

Designed for tomorrow's industry

Spectrum Hung Yen is located just 36km from Hanoi, located at VTK - CN8.1-6 Lot, Clean Industrial Park - Hung Yen province. With recent road and bridge upgrades, travel time has been reduced to under an hour.

Singapore Ambassador to Vietnam Jaya Ratnam

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

At the groundbreaking ceremony, Singapore Ambassador to Vietnam, Mr. Jaya Ratnam, emphasized:
"The Spectrum Hung Yen project 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 integrates 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 (VIPF) 2024.

About Soilbuild Group

Soilbuild is a leading integrated property group with a strong track record in constructing, developing, and managing an award-winning portfolio of residential and business space properties.

With close to 50 years of experience, Soilbuild has successfully developed a diverse range of residential projects, from high-end luxury condominiums to landed homes and conservation houses.

For Media Enquiries, please contact
Email: spectrum@soilbuild.com
Tel: (+84) 0868 522 166
Website: soilbuild.com.vn

Related News

BANKING / FINANCE / INSURANCE / TAX

BANKS LAUNCH CROSS-BORDER QR PAYMENTS TO TAP GROWING DIGITAL ECONOMY

Banks are rolling out cross-border QR payment services enabling consumers to make international transactions directly through domestic banking apps to tap into the country’s fast-growing digital economy. The expansion of QR-based payments is gradually reshaping spending habits, reducing reliance on cash and international cards while offering faster and more transparent transactions at points of sale.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S SMALL BUSINESSES TOP ASIA‑PACIFIC GROWTH RANKINGS

Vietnamese small businesses posted the strongest performance among 11 Asia Pacific markets in 2025, with 84% reporting growth, up from 82% a year earlier, according to CPA Australia’s small business survey. This momentum is forecast to continue in 2026 with 89% of small businesses expecting to grow on the back of a strong focus on technology, e-commerce, and improved business management.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S IMPORTS FROM CHINA TOP US$50 BILLION IN Q1

Vietnam’s imports from China in the first quarter of 2026 surged a staggering 31.6% year-on-year to more than US$50 billion, accounting for around 40% of the country’s total imports, customs data showed. The increase was driven largely by technology goods and industrial equipment. Imports of computers, electronics and components jumped 62.2% to US$16.77 billion, while machinery, equipment, tools and spare parts rose 25% to US$9.72 billion.

Apr 23, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM TARGETS OVER 30 AIRPORTS, 25 RAILWAY LINES BY 2050

Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

FIRST-QUARTER GROWTH HITS RECORD HIGH DESPITE GLOBAL VOLATILITY

According to Dragon Capital, Vietnam’s growth momentum strengthened in March following Lunar New Year normalisation, reinforcing confidence that the expansion remained firmly intact through the first quarter of 2026. GDP grew 7.8 per cent on-year in the first quarter, with industry and construction rising 8.9 per cent and services 8.2 per cent, highlighting that growth is not solely reliant on exports and manufacturing, but is increasingly supported by services and domestic demand.

Apr 23, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS SURGE ON GLOBAL DEMAND

Việt Nam’s fruit and vegetable exports have made a strong start to the year, with rising shipments and tighter compliance with international standards helping producers tap robust global demand, according to the Vietnam Fruit and Vegetables Association. The association reported export earnings of nearly US$532 million in April, bringing total export value to $2.06 billion in the first four months of the year, up 22 per cent year-on-year.

Apr 23, 2026