NEWTECONS LAUNCHES YEN PHONG DEVELOPMENT PROJECT

The groundbreaking ceremony for the Yen Phong Development Project recently took place at plots CN4-3 and CN1-1 in the Yen Phong Industrial Park (expansion area), Bac Ninh Province. The ceremony was attended by representatives from the investor, BW Industrial Development JSC, the supervisory consultant Bureau Veritas, the design consultant VeV Engineering Value Consulting Joint Stock Company, and leaders from Newtecons along with the project’s entire management team.

In this project, Newtecons serves as the general contractor, overseeing structural work, finishes, and MEP. The project, featuring a state-of-the-art, two-story warehouse, marks a significant milestone in expanding the investor’s business operations in this market. Positioned strategically with a robust transportation network connected to major highways, the completed Yen Phong Development Project is poised to become a pivotal logistics hub in the region.

During the event, Mr. Michael Chan, Senior Director of BW, reflected on the company’s rapid growth,

“Over the past 5 years, BW has expanded swiftly to become the largest and fastest-growing industrial and logistics lessor in Vietnam. We attribute this success to the unwavering dedication of our employees, customers, suppliers, and long-standing partners.”

Mr. Nguyen Quang Thuy, Operations Director at Newtecons, expressed optimism about the ongoing partnership:

“BW and Newtecons have jointly developed several landmark projects such as BW Thoi Hoa, BW Hai Duong, and BW Winlock. Continuing our successful collaboration, we are committed to delivering this project to the highest quality standards, creating lasting value, and further fostering our future projects together.”

With its rich history in executing large-scale industrial projects, staffed by a team of highly skilled professionals, and utilizing optimal construction methods, Newtecons is confident in its ability to complete the project with the highest safety standards, on schedule, and in compliance with the demanding requirements set by the investor. The Yen Phong Development Project is anticipated to be completed and operational by the third quarter of 2025.

Below are several images from the ceremony: