R Square Vietnam said on the 24th that it signed a memorandum of understanding (MOU) with Vietnam's Kinh Bac City Development Holding Corporation (KBC) covering areas such as attracting foreign-invested corporations, supplying industrial parks, developing built-to-suit factories, and investment advisory services. The two companies will jointly support the entire process from investment review in Vietnam through contract, move-in, and operations.
KBC is regarded as one of the key corporations representing Vietnam's industrial real estate market. Based on its experience in developing large-scale industrial parks and manufacturing infrastructure, it has strengths in attracting global corporations.
Under the agreement, KBC will supply various asset such as industrial park land, factories, and warehouses tailored to the demand of client companies sourced and introduced by R Square Vietnam. R Square Vietnam will handle the sourcing of domestic and overseas potential investor corporations, site reviews, market intelligence, and investment advisory.
In addition to standard rental factories, the two companies will also co-develop built-to-suit factory solutions tailored to each corporation's production processes and operating methods. To meet the high facility standards and complex operational needs of advanced-technology corporations, they plan to provide specialized services including legal, construction, permitting, and schedule management.
R Square CEO Lee Yong-gyun said, "This agreement will serve as a practical foundation to support the successful entry of Korean corporations into the Vietnamese market," adding, "By combining our industrial real estate supply capabilities with data-driven advisory, we will deliver faster and more accurate solutions to clients."