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Becamex - SOE industrial park developer to launch IPO - IPO Note

Investment and Industrial Development Corporation (Becamex) is Vietnam’s largest industrial parks developer with complimentary businesses in residential development, transportation infrastructure, health and education. 86% of its existing and future project pipeline are located within Binh Duong Province (around 25 km north of Ho Chi Minh City). The company has a significant remaining saleable land bank of 3,596 ha, which includes industrial park and residential land. We believe the current