▶ Lowers barriers caused by lack of local data and complex licensing/permitting; delivers turnkey one-stop support for Korean enterprises entering Vietnam
▶ Partners with Kinh Bac City Development Holding Corporation (KBC), a leading Vietnamese industrial park developer, to expand supply of factories, warehouses, and Built-to-Suit production bases
▶ Strengthens Korea-Vietnam supply chain connectivity through private-sector cooperation, presenting a new model for cross-border expansion of proptech
Many companies reviewing expansion into Vietnam had to spend a significant amount of time on investment decision-making due to a lack of industrial park data, complex licensing and permitting procedures, and difficulties in identifying verified local partners. Cases were not uncommon where firms missed golden opportunities by moving late or completely scrapped plans due to market uncertainties.
The strategic partnership between RSQUARE Vietnam and Kinh Bac City Development Holding Corporation (KBC) is projected to become a historical turning point that lowers these specific entry barriers, enabling expanding enterprises to evaluate production strongholds in Vietnam with greater speed and accuracy. RSQUARE Vietnam announced on the 24th that it has officially executed a strategic Memorandum of Understanding (MOU) with KBC.
The core of this agreement focuses on establishing a comprehensive cooperation framework that encompasses attracting foreign direct investment (FDI) enterprises, supplying industrial parks, developing customized factories, and delivering investment advisory services. It is structured so that both companies jointly support the entire lifecycle of an expansion project—spanning from initial investment review and contract execution to actual move-in and facility operation. Moving beyond simple property introductions, it closely resembles a highly practical, execution-oriented cooperation model that designs the whole sequence of cross-border relocation.
KBC is highly valued in the market as one of the definitive cornerstone enterprises representing the Vietnamese industrial real estate sector. Backed by its massive track record in developing large-scale industrial complexes and manufacturing infrastructure, the corporation commands exceptional strengths in attracting global conglomerates. It has consistently performed an integral role throughout Vietnam's industrialization and export competitiveness acceleration phases. When global manufacturing firms venture into Vietnam, factors such as location, infrastructure, administrative agility, and scalability serve as the absolute determinants of success, and KBC has secured high market trust as a partner flawlessly equipped with these conditions. This MOU holds immense symbolic weight as it bridges a key operator of core Vietnamese industrial infrastructure with a dedicated support platform for expanding enterprises.
Under the terms of the agreement, KBC will supply a diverse spectrum of assets—including industrial land, ready-built factories, and warehouses—tailored to meet the specific client demands identified and introduced by RSQUARE Vietnam. Concurrently, RSQUARE Vietnam will oversee the discovery of prospective domestic and international investors, locational analysis, provision of localized market intelligence, and investment advisory services. Consequently, the firm will deliver a highly lucid entry pathway for companies that previously felt disoriented about where, what, and how to initiate business locally.
Beyond standard ready-built lease factories, the two entities will also jointly develop Built-to-Suit (BTS) solutions customized to reflect individual corporate production workflows and operational methodologies. To fully address the stringent facility standards and complex operational mandates of high-tech enterprises, the partnership also plans to provide specialized auxiliary services covering legal compliance, construction management, licensing/permitting navigation, and schedule management. This is recognized as a high-value-added collaboration framework that transcends conventional brokerage to co-engineer full production base construction projects.
The significance of this partnership does not stop within RSQUARE Vietnam as a single corporate entity. From an industry perspective, it holds profound meaning as a South Korean proptech and commercial real estate services provider has directly engineered a cooperative model with a top-tier local developer. By scaling its service boundary from a domestic-centric focus out to the Southeast Asian industrial infrastructure market, the firm has mapped out a brand-new growth trajectory.
From a macroeconomic market perspective, the symbolic value is equally pronounced. Amid global supply chain realignments, the cross-border relocation demands of South Korean manufacturing firms into Southeast Asia continue to climb, yet information asymmetry and administrative procedural burdens have remained stubborn roadblocks. This partnership stands out as a prime case study of dissolving those exact barriers by synthesizing data analytics, corporate networks, and on-site execution capabilities. Enterprises can now evaluate cross-border production bases far more rapidly and precisely, heavily elevating the efficiency of corporate investment decision-making.
The national-level implications are also clear. South Korea and Vietnam maintain exceptionally close trade and investment ties, serving as vital mutual anchors within the global manufacturing supply chain. This MOU represents a stellar example of thickening the foundation of bilateral economic cooperation through private-sector synergy. When capital, technology, and industrial infrastructure seamlessly interconnect, diplomatic rhetoric translates into concrete figures, and friendly international relationships are tangibly validated by factories and job creation on the ground.
The MOU signing ceremony was graced by the presence of Nguyen Thi Thu Huong, CEO of KBC. An expert corporate leader holding a Ph.D. in Economics alongside an MBA degree, Ms. Nguyen has spearheaded KBC’s corporate growth strategies and core executive decisions since assuming the role of Chief Executive Officer in 2022.
"This partnership will serve as a practical institutional foundation that strongly supports the successful cross-border entry of South Korean enterprises into the Vietnamese market," emphasized Yong-gyun Lee, CEO of RSQUARE, who attended the ceremony. "By blending KBC's powerful industrial real estate supply capabilities with our data-driven advisory competence, we will deliver swifter and more accurate cross-border solutions to our valued clients."
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▶ Lowers barriers caused by lack of local data and complex licensing/permitting; delivers turnkey one-stop support for Korean enterprises entering Vietnam
▶ Partners with Kinh Bac City Development Holding Corporation (KBC), a leading Vietnamese industrial park developer, to expand supply of factories, warehouses, and Built-to-Suit production bases
▶ Strengthens Korea-Vietnam supply chain connectivity through private-sector cooperation, presenting a new model for cross-border expansion of proptech
Many companies reviewing expansion into Vietnam had to spend a significant amount of time on investment decision-making due to a lack of industrial park data, complex licensing and permitting procedures, and difficulties in identifying verified local partners. Cases were not uncommon where firms missed golden opportunities by moving late or completely scrapped plans due to market uncertainties.
The strategic partnership between RSQUARE Vietnam and Kinh Bac City Development Holding Corporation (KBC) is projected to become a historical turning point that lowers these specific entry barriers, enabling expanding enterprises to evaluate production strongholds in Vietnam with greater speed and accuracy. RSQUARE Vietnam announced on the 24th that it has officially executed a strategic Memorandum of Understanding (MOU) with KBC.
The core of this agreement focuses on establishing a comprehensive cooperation framework that encompasses attracting foreign direct investment (FDI) enterprises, supplying industrial parks, developing customized factories, and delivering investment advisory services. It is structured so that both companies jointly support the entire lifecycle of an expansion project—spanning from initial investment review and contract execution to actual move-in and facility operation. Moving beyond simple property introductions, it closely resembles a highly practical, execution-oriented cooperation model that designs the whole sequence of cross-border relocation.
KBC is highly valued in the market as one of the definitive cornerstone enterprises representing the Vietnamese industrial real estate sector. Backed by its massive track record in developing large-scale industrial complexes and manufacturing infrastructure, the corporation commands exceptional strengths in attracting global conglomerates. It has consistently performed an integral role throughout Vietnam's industrialization and export competitiveness acceleration phases. When global manufacturing firms venture into Vietnam, factors such as location, infrastructure, administrative agility, and scalability serve as the absolute determinants of success, and KBC has secured high market trust as a partner flawlessly equipped with these conditions. This MOU holds immense symbolic weight as it bridges a key operator of core Vietnamese industrial infrastructure with a dedicated support platform for expanding enterprises.
Under the terms of the agreement, KBC will supply a diverse spectrum of assets—including industrial land, ready-built factories, and warehouses—tailored to meet the specific client demands identified and introduced by RSQUARE Vietnam. Concurrently, RSQUARE Vietnam will oversee the discovery of prospective domestic and international investors, locational analysis, provision of localized market intelligence, and investment advisory services. Consequently, the firm will deliver a highly lucid entry pathway for companies that previously felt disoriented about where, what, and how to initiate business locally.
Beyond standard ready-built lease factories, the two entities will also jointly develop Built-to-Suit (BTS) solutions customized to reflect individual corporate production workflows and operational methodologies. To fully address the stringent facility standards and complex operational mandates of high-tech enterprises, the partnership also plans to provide specialized auxiliary services covering legal compliance, construction management, licensing/permitting navigation, and schedule management. This is recognized as a high-value-added collaboration framework that transcends conventional brokerage to co-engineer full production base construction projects.
The significance of this partnership does not stop within RSQUARE Vietnam as a single corporate entity. From an industry perspective, it holds profound meaning as a South Korean proptech and commercial real estate services provider has directly engineered a cooperative model with a top-tier local developer. By scaling its service boundary from a domestic-centric focus out to the Southeast Asian industrial infrastructure market, the firm has mapped out a brand-new growth trajectory.
From a macroeconomic market perspective, the symbolic value is equally pronounced. Amid global supply chain realignments, the cross-border relocation demands of South Korean manufacturing firms into Southeast Asia continue to climb, yet information asymmetry and administrative procedural burdens have remained stubborn roadblocks. This partnership stands out as a prime case study of dissolving those exact barriers by synthesizing data analytics, corporate networks, and on-site execution capabilities. Enterprises can now evaluate cross-border production bases far more rapidly and precisely, heavily elevating the efficiency of corporate investment decision-making.
The national-level implications are also clear. South Korea and Vietnam maintain exceptionally close trade and investment ties, serving as vital mutual anchors within the global manufacturing supply chain. This MOU represents a stellar example of thickening the foundation of bilateral economic cooperation through private-sector synergy. When capital, technology, and industrial infrastructure seamlessly interconnect, diplomatic rhetoric translates into concrete figures, and friendly international relationships are tangibly validated by factories and job creation on the ground.
The MOU signing ceremony was graced by the presence of Nguyen Thi Thu Huong, CEO of KBC. An expert corporate leader holding a Ph.D. in Economics alongside an MBA degree, Ms. Nguyen has spearheaded KBC’s corporate growth strategies and core executive decisions since assuming the role of Chief Executive Officer in 2022.
"This partnership will serve as a practical institutional foundation that strongly supports the successful cross-border entry of South Korean enterprises into the Vietnamese market," emphasized Yong-gyun Lee, CEO of RSQUARE, who attended the ceremony. "By blending KBC's powerful industrial real estate supply capabilities with our data-driven advisory competence, we will deliver swifter and more accurate cross-border solutions to our valued clients."