Soilbuild Breaks Ground on Spectrum Hung Yen: A Leap into Vietnam’s Industrial Future
The Milestone Event
On July 4, 2025, the bustling city of Hanoi witnessed a significant event in the realm of industrial development. Soilbuild International celebrated the groundbreaking of Spectrum Hung Yen—a state-of-the-art industrial estate that occupies an impressive 14.45 hectares in Vietnam’s rapidly evolving northern province. The ceremony, graced by ambassadors, government officials, and movers and shakers in the industry, highlighted Soilbuild’s deepening commitment to Vietnam’s burgeoning manufacturing and logistics sectors.
Soilbuild’s Rich Heritage
With nearly half a century of experience in Singapore’s real estate landscape, Soilbuild Group is taking its industrial expertise global through Soilbuild International. The launch of Spectrum Hung Yen marks a pivotal chapter in its journey, showcasing the company’s vision to significantly contribute to Vietnam’s industrial landscape.
Innovative Design and Location
Spectrum Hung Yen stands out not just for its size but also for its thoughtful design. Catering to modern demands, the development emphasizes sustainability, functionality, and adaptability. Its strategic placement near major highways ensures streamlined supply chains, making it attractive for both local and international manufacturers alike.
Fast-Tracked Phase One
The first phase of Spectrum Hung Yen promises a rapid rollout, featuring ready-built factories covering 74,225 square meters, with a Gross Floor Area (GFA) of 52,000 square meters. With groundwork initiated in June 2024, the project is on track for handover in the first quarter of 2026. This phase alone represents a major infusion of foreign direct investment (FDI) into Hung Yen—total commitments stand at USD 60 million, with USD 34 million earmarked specifically for phase one.
Leadership Insights
Ben Ding Khoon Yew, the General Director of Soilbuild International Vietnam, expressed enthusiasm over the project. He noted, “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.” His remarks underscore Soilbuild’s unwavering confidence in Vietnam as a burgeoning market for growth, guided by a robust track record and increasing interest from potential tenants.
Strategic Positioning
Spectrum Hung Yen is conveniently located just 36 kilometers from Hanoi at VTK – CN8.1-6 Lot within the Clean Industrial Park of Hung Yen province. Recent infrastructure upgrades, including roads and bridges, have reduced travel time to under an hour, enhancing its appeal further.
Strong Sector Interest
The project’s strategic orientation combines environmental sustainability with logistics optimization, attracting attention from sectors like electronics, textiles, and automotive components—industries that collectively contributed over USD 2 billion in FDI to the province over the past year. This interest reflects the market’s adaptability and readiness for innovative industrial solutions.
Diplomatic Support
At the groundbreaking ceremony, Singapore’s Ambassador to Vietnam, Mr. Jaya Ratnam, emphasized the economic partnership between Singapore and Vietnam, stating, “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.”
Commitment to Sustainability
Developed by Soilbuild International, Spectrum Hung Yen embraces green building principles and modern architecture. The project is designed to accommodate both existing and future-oriented manufacturers, positioning it at the forefront of global supply chain dynamics. Soilbuild’s dedication to sustainable practices was recently recognized when it received the ‘Excellence in Green Strategy’ award at the Vietnam Industrial Property Forum (VIPF) 2024.
About Soilbuild Group
Soilbuild stands as a leading integrated property group with a commendable track record in constructing, developing, and managing a diverse range of award-winning properties. With nearly 50 years under its belt, the group has excelled in various residential projects, from high-end luxury condominiums to conservation houses.
For further inquiries, media representatives can contact Soilbuild via email at spectrum@soilbuild.com or through their website at soilbuild.com.vn.